August 10, 2011 — The University of Waterloo, Ontario, Canada, through the Applied Research and Commercialization Initiative, is supporting several companies researching and developing new products. One company receiving aid from the school is Microbonds, maker of semiconductor bonding wire.
Last year, under the Applied Research and Commercialization Initiative, the University of Waterloo was approved for up to $750,000 from FedDev Ontario to partner with small- and medium-sized businesses on activities such as applied research, engineering design, technology development, product testing, and certification.
Microbonds is researching, developing and applying insulated bonding wire technology for semiconductor packaging and microchip industries. The University of Waterloo will help Microbonds commercialize low processing temperatures for semiconductor package wire bonds.
Microbond’s past partnerships to develop the insulated wire bonding technology have taken place with Promex Industries Inc., Cookson, March Plasma Systems, and SPT.
Local small- and medium-sized enterprises contribute to the Waterloo Region and Canada’s national economy, said Feridun Hamdullahpur, President, University of Waterloo. "This funding will assist us in our research and development partnerships, which are aimed at improving the performances of these highly innovative companies."
The initiative will also fund work at Clearpath Robotics, Integran Technologies Inc., Teledyne DALSA, Tyco Electronics Canada ULC, and others.
FedDev Ontario was created as part of Canada’s Economic Action Plan to support businesses and communities in southern Ontario. Now in its second year of operation, the Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to support businesses and other organizations through partnerships and investments in skills and training; innovation; research and development; and increased productivity. To learn more, please visit www.feddevontario.gc.ca
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