PURPOSE & FUNCTIONS
Who is leading the development of the Nuclear Innovation Institute?
On May 16th, 2018, Bruce Power and the County of Bruce announced that they partnered to build Ontario’s Nuclear Innovation Institute.
Why are we establishing an Institute in the region?
With nearly 40 nuclear industry businesses located in the region Bruce Power and the County of Bruce will harness this strong foundation by establishing a hub for nuclear innovation through applied research and training.
Ontario is advancing nuclear technologies through refurbishment of its nuclear fleet, and much of it has found a long-term home in the region.
The Institute will harness this collective knowledge, skill and expertise to create opportunities for Ontario’s citizens and businesses, while we continue to deliver safe, clean, reliable, low-cost electricity, ensuring Ontario’s businesses remain competitive and families prosper.
What is the purpose and functions of the Institute?
Ontario’s Nuclear Innovation Institute will bring together technological leaders to share collective expertise and knowledge, while identifying opportunities to advance nuclear applications and technologies, as well as people skills through training.
The key focus areas of the Institute will include:
- Artificial intelligence and cyber security
- Medical and industrial isotopes
- Health and environmental excellence in the Lake Huron and Georgian Bay areas
- Indigenous economic development
- Nuclear sector, operational excellence
The Institute will also include a Skilled Trades and Training Secretariat, consisting of industry leaders who will be responsible for coordinating and increasing employment in the skilled trades to support building a strong, sustainable regional labour force.
The Institute may also offer practical classes, training and/or materials to inform and engage the youth in the area on technologies and opportunities available through technical fields and craft trades. It will also evaluate applications for new nuclear technologies including Small Modular Reactor (SMRs), which will be an essential component to future carbon-free electricity needs.
The Institute will also include an innovation centre for businesses in the form of a business incubator and accelerator.
We are still in the initial stages of scoping the purpose and functions of the Institute and through a detailed planning and development process will determine a more detailed scope of the Institutes core activities, partners, etc.
What type of work will be done out of the Institute?
The Institute is an applied research facility that will advance collaboration and research. It will be a space that enables researchers and industry to come together to identify new and innovative solutions.
It will bring together ‘research teams’ and other individuals to work closely to advance developments in the nuclear industry, which can potentially be applied to other sectors as well.
The Institute will also have open-community spaces and meetings rooms that allow for community events and opportunities for organizations to utilize spaces.
The Institute will not house radioactive laboratories or materials; it will not be a Canadian Nuclear Safety Commission (CNSC) licenced facility; it will not house medical or clinical laboratories or be an industrial site.
Where will the Institute be located?
The partners are currently in the process of identifying a suitable located in Bruce County.
PLANNING PROCESS & OPERATIONS
How will you manage the process for establishing the Institute?
The project has now commenced with a development phase where key partners will be established, a formal business plan developed, operating structure put in place, along with the physical planning of a facility.
Bruce Power and Bruce County have established a Planning and Development Team to move forward on the physical planning and coordination of the facility and ensure alignment of functions and shared opportunities.
A new Oversight Committee for the Institute will also be established, chaired by Frank Saunders, President of the Nuclear Innovation Institute.
This group will solicit expertise from key partners and domestic and international organizations to guide the formation of the Institute and work closely with a team between Bruce Power and the County of Bruce, which has been jointly established to guide the development phase of the project.
How will the Institute be managed?
Once operational, the Institute will operate by a stand-alone entity to be established with a governance structure, business plan and appropriate partnerships.
This will include a separate legal operating entity with dedicated human resources for ongoing operations and a Board of Directors to oversee its function, separate and distinct from Bruce Power and Bruce County.
What are your timelines?
The goal is to complete this development and break ground for a facility no later than 2020.
How will stakeholders be engaged in the development process?
While developing the Institute’s core functions, we have begun dialogues with various stakeholders, recognizing activities are already underway across the region that can complement and enhance the Institute’s functions.
Bruce County has engaged Deloitte to develop a proposed operational and financial model to advance the notion of establishing an innovation centre for business incubation and acceleration to be located within the Institute. Deloitte is also engaged to develop a proposed framework for the Skilled Trades Secretariat.
Bruce Power and Bruce County continue to work together on establishing an overall operational model for the Institute.
Who is paying to build and operate the Institute?
We are currently developing a capital campaign and financial model on the overall costs for building and operating the Institute.
Outreach will be made to senior levels of government as well industry partners to assist in financing both the build of the Institute, as well as, Institute operations.