[img_inline align=”right” src=”http://padnws01.mcmaster.ca/images/George.P.h&sh.jpg” caption=”Peter George”]McMaster has been awarded about $3 million from the Ontario government's new Research Performance Fund.

“This is welcome news for McMaster,” said President Peter George. “In setting up the Research Performance Fund, the government has demonstrated that it understands what research will do for Ontario's economy and quality of life and that it is willing to share the costs.”

The $30 million fund was set up to help universities and other research institutions pay for the indirect costs — utilities, computer support, libraries — of scientific research. The fund was announced in the 2000 provincial budget.

The combined total for Hamilton's share of the Research Performance Fund is $4.5 million with the Hamilton Regional Cancer Centre and other affiliated research institutes receiving some of the fund money.