First of all, the BEAM project says it will create 74 "full-time equivalent" jobs developing 35 novel technologies. "When they enter into a research project, they ask themselves already, 'How am I going to get this out to market?'" "Capturing the true economic value of McMaster's research is essential to developing and diversifying our regional economy," said Dr. "You've got all this fantastic science, leading to new technologies, that exists within the university space," said Jonathan Bramson, McMaster's Scientific Director of BEAM. The federal government has just announced it is providing $11.96 million toward a new Innovation Park facility housing a project called BEAM.

Source: CBC News July 26, 2016 22:52 UTC