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Millions Offered for Job-Creating "Superclusters"

They're called "Superclusters", and the federal government hopes they will put more people in this country to work.

Ottawa is spending $950 million to fund an "Innovation Superclusters Initiative" that it says will "create more middle-class jobs and more opportunities for Canadian businesses to grow into globally successful brands."

The Superclusters are to be listed in industries such as advanced manufacturing, agri-food, so-called clean resources, clean technology, digital technology, health and biosciences and infrastructure and transportation.

Up to five Superclusters will be created, each being e a non-profit consortium created by large and small companies, along with post-secondary educational institutions or non-profit organizations. Applications will be accepted from both Canadian companies and international companies with Canadian operations.

The Liberal government hopes to announce the successful applicants by the end of the government's fiscal year.