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February 16, 2007

Alberta using oil revenue to buy a high tech future

Alberta is using its financial clout to scour the globe for scientific "superstars" who will be offered $20-million each to conduct research in the province for the next decade.

Broad areas of research that will be considered include maternal, fetal and child health, mental health, system sustainability and technology, remote and rural care, injury and disease prevention, infectious diseases and food. Flush with energy revenue in 2005, the Alberta government pumped $500-million into the foundation, which over 27 years has distributed about $850-million to 600 researchers.

This is related to Molecular nanotechnology because Alberta also funds and is interested in molecular nanotechnology. I lived for four years in Calgary, it is a nice city. Alberta is using its oil and gas revenues from the oilsands to make/buy a corporate and technological economy.

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