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300 Weber St N .Walerlon Tel 519 884 9000 or1800 465 8003 gmontano com 20 Ottawa St N , Knchener tel 519 Md 8125 Fax 519 7449176 m siedelbauev com ME. Hespeler Rd Camhndge Tel 519 621 1250 Fax 519 MO 6363 Visit your local GM dealership to push the Hot Button tot your chance to win one of 150 vehicles at up to $10,000 oft your purchase or lease 4.3L lm Air conditioning Manual transmission 2 door Shift tm-the-tty 4x4 Locking differential High back front bucket seats Custom cloth interior AMIFM stereo with co piayer fi premium speaker system Root rack 50/50 split tniding rear seat 4.900h Towing Capacity HE 2i) m bermettchey gmcanada com CHIVIMII . IUD... Tennant says it is impor- tant to note that the data in the study only covers firms based in the Waterloo Region. Canada's R and D tax incentives and other government supports make it very attractive for firms to undertake activities in Waterloo Region, as evi- denced by recent decisions by Nuvation and McAfee to initiative new activities locally “The attraction of busi- nesses with significant ft and D content has been a John l‘ennaint. trrl Int: Clio. says the concentration of outstanding post-sec- ondary Institutions in and near the Waterloo Region makes the area a very attrac- tive location for knowledge intensive firms and for com- panies working to remain on the leading edge of tech- nulogy. "As more and more firms understand the deep roots of innovation and entrepreneurship, R and D activities will grow still fur- ther." he said. :3‘5 SEAZER FEM GEES Joseph hung Is rurn'nlly completing his lhird yr'ar of (nlnpllH‘I rnginm-ring at the 1lniw'rstty of Waterloo He has hvvn recognized as a Other Tier 2 R and D Spenders [$2 million to $l3.8 million) in the Infus- ource findings included: MKS Inc, CHM DEV Inter- national Ltd., NDI Northern Digital, Virtek Vision Inter- national Inc., Babcock & Wilcox Canada Ltd., and Electrohome Limited. Totals in the "Industrial Research and Development" report cover all companies, but in order to fully protect the conrtdentiality of individual companies some break- downs are not included. lung founded [Ple Mrdia. a Walvrlmrhawtl WM) deswlopmetu rump}! nyv His flagship produt l, Wt'hAdmirirM. allows Wch site uwnvrs to easily update their th sites without thr, ongoing mm of a wehmas, In oseph Fung, a third-year student at the Universily of Waterloo, and Grep, . Iark. a first-year student at Wilfrid Laurier Univwsity. were named (mural region ucmifinaltsts in thc 200’- (LlHtI Slmlt'm Fntrvprotvur nf thr Year Award (umpvn lmn nn “mum: Hwy Lu'n' st-lvl‘lrtl [mm 7u nmmnm-s from “main: and Quehet " shining mul “pt-mung a suvvvv,ful buxl nI-sx whilc uttendmg l ollty,v m unwrrsuy fullrmm' Other analysis of publicly held companies covering a roughly comparable time period by Research Infos, ource Inc entitled "Canada's Top Corporate R&D Spenders Report 2003" ranks a number of Waterloo Region firms among the top 100 H and D Spenders ($13.9 million or more) which identified RIM (Research in Motion). Descartes Systems Group Inc. Open Text, and DAISA. The most significant rate of growth of R and D expen- ditures was in Fabricated Metal Products [156 per can”, information and cur tural Industries (104 per cent) and Motor Vehicle and Parts (92 per cent). The Waterloo Region R and " accounts for a high proportion of all the R and D undertaken in that sector In Ontario -- 22.7 pet cent in Fabricated Metal Prod- nus and 14.7 per cent in Computer Systems Design and Related Services. pnumy nology adds. Continued on page I9 for I Ianada's rech, ‘l'nungie Inc." he