Irving Shipbuilding Invests in Ocean Technology Programs
Irving Shipbuilding Inc. said it has made a multimillion dollar
investment to support marine innovation and commercialization in
Nova Scotia and across Canada.
The shipbuilder is investing $4.52 million in the newly
established Centre for Ocean Ventures and Entrepreneurship
(COVE), an ocean innovation centre to be located on the
waterfront in Dartmouth, Nova Scotia. The investment over the
next five years represents the largest private sector
contribution COVE has received to date.
At COVE, ocean science research, start-ups, R&D-intensive
companies, industry and Nova Scotia post-secondary institutions
will work together to create a cluster of marine innovation and
commercialization, and become global leaders.
Kevin McCoy, President, Irving Shipbuilding Inc., said, "Irving
Shipbuilding is proud to support COVE and contribute to Canada's
vibrant ocean economy. On one side of Halifax harbor we have the
most modern shipyard in North America where our 1,500
shipbuilders are proudly building Canada's future fleet. Almost
directly across the harbor we will soon welcome COVE, the world's
most innovative ocean technology incubator. This is a shining
example of the National Shipbuilding Strategy creating a
sustainable and vibrant marine industry in Canada."
Irving Shipbuilding's funding is part of its Value Proposition
commitments under the National Shipbuilding Strategy (NSS) -
Canada's 30-year plan to renew the fleets of the Royal Canadian
Navy and the Canadian Coast Guard. The funding will support the
establishment of various operations and programs at COVE.
"Irving Shipbuilding's investment in COVE helps grow Canada's
marine innovation and commercialization cluster, a key part of
the National Shipbuilding Strategy. Halifax is home to
world-class centers of excellence for shipbuilding and marine
innovation, which are greatly contributing to our ocean based
economy," said The Honorable Scott Brison, President of the
COVE, operated by the Institute for Ocean Research Enterprise
(IORE), is in the early stages of transforming a former Canadian
Coast Guard facility on the Halifax Harbor into extensive marine
facilities with two large, deep-water piers, office space, a
start-up incubator and space for shops and labs.
The Honorable Kelly Regan, Minister of Labor and Advanced
Education, said, "Nova Scotia's economy is impacted by our
geography; from shipbuilding to ocean tech, we're advantaged by
our seaside location. Through government and private sector
investments, like Irving Shipbuilding's investment in COVE, we
are well on our way to building a top-caliber ocean technology
cluster in Nova Scotia. This will put us on the map as one of the
best places in the world to do ocean-based technology research
The federal and provincial governments are also supporting the
establishment of COVE. In September 2016, the Government of
Canada committed $7.17 million and the Province of Nova Scotia
committed $12.55 million to support the refurbishment of the site
and development of facilities at COVE.
The Honorable Navdeep Bains, Minister of Innovation, Science and
Economic Development, said, "These investments by governments and
industry are going to position Canada as a global centre for
innovation. That means making Canada a world leader in turning
ideas into solutions, science into technologies, skills into
middle-class jobs and start-up companies into global successes."
By bringing together all elements of the ocean ecosystem, COVE
will generate technical and commercial synergy through
co-location; train, attract and retain ocean talent; share
resources; and further enhance the global reputation of Canada's
marine technology cluster.
Darren Fisher, Member of Parliament, Dartmouth-Cole Harbor, said,
"Today's announcement shows the strength in Atlantic Canadian
shipbuilding, ocean science and innovation. The COVE project is
an excellent example of industry and government working together
to grow our economy."
Jim Hanlon, Chief Executive Officer, Institute for Ocean Research
Enterprise, said, "We are so pleased to celebrate the
contribution from Irving Shipbuilding supporting the operation of
the Centre for Ocean Ventures and Entrepreneurship - COVE. Unique
in the world, COVE will bring together ocean sector start-ups,
small and large industry and commercialization experts to move
the region and the country to the forefront of the new
knowledge-based ocean economy."
In 2011, Irving Shipbuilding was selected by the Government of
Canada to construct Canada's future naval combatant fleet and
committed to investing 0.5 percent of its contract revenues in
creating a sustainable marine industry across Canada. This will
amount to approximately $12.5 million over the construction of
Arctic and Offshore Patrol Ships (AOPS), the first class of
vessel under construction at Irving Shipbuilding's Halifax
Shipyard as part of the National Shipbuilding Strategy.
This is an exciting time at Halifax Shipyard as it constructs
Canada's future naval fleet. Currently, the shipyards 1,500
shipbuilders are hard at work building Canada's first two AOPS,
the future HMCS Harry DeWolf and the future HMCS Margaret Brooke.
The first AOPS is scheduled to be delivered to the Royal Canadian
Navy in 2018.
Mar 16, 2017