Regional Innovation Chair (RIC) in Rural Economic Development
The work of the RIC is based on regional priorities and partnerships with local and regional organizations and businesses. By supporting evidence-based planning and decision-making, the RIC aims to improve the economic climate of regional rural communities.
The RIC was formally established in 2006 to conduct a program of research in rural economic development. The position is supported through an endowment established under the BC Leading Edge Endowment Fund, which included matching funding from non-government sources.
Goals of the Regional Innovation Chair
Based on a foundation of applied research and outreach, the goals of the Regional Innovation Chair in Rural Economic Development are to:
Develop the capacity in the region for sound decision-making in matters related to economic development, through the provision of relevant research data and analysis, together with related skill and capacity development;
Assist in the diversification of the regional economy through the promotion of innovation and technology transfer in existing and new enterprises; and
Support provincial and national networks that undertake applied research on the revitalization of high amenity, highly rural communities and regions.