The Nuclear Innovation Institute is expanding it's Bruce County footprint.
NII and the Town of Saugeen Shores have reached approval in principle for a site in Port Elgin. NII will lease a facility on Tomlinson Drive from the municipality.
Both parties plan to sign the lease in July following NII’s first Board of Directors meeting, and following final approval by Saugeen Shores Council.
Renovations to the facility will begin shortly after the current tenants vacate the property. NII will establish iSPACE 620 as the innovation space and laboratory to launch its operations.
Last week, NII received approval from Innovation, Science and Economic Development Canada for incorporation as a not-for-profit entity.
"This arrangement represents an exciting opportunity for our municipality to work in close collaboration with the NII," said Mayor Luke Charbonneau. "The Nuclear Innovation Institute will attract leading-edge researchers, innovative thinkers and change makers to our community. We are looking forward to welcoming the NII into their new space in Saugeen Shores."
In a news release, Frank Saunders, President of NII stated, "Our new location, which we will name iSPACE 620, will allow us to have core staff working together in one location and also include space for research teams to begin working on problems and solutions."