Ministry of Enterprise, Opportunity and Innovation - Vote 696

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The Expenditure Estimates are available in PDF and HTML versions. The PDF version is a format reflecting the true printed version. The HTML version is an accessible format.

ENTERPRISE, OPPORTUNITY AND INNOVATION PROGRAM - VOTE 902

This program supports economic growth and job creation in Ontario by providing leadership for the development of economic and science and technology policy across the government; supporting the removal of barriers to business; fostering innovation and entrepreneurship; promoting community, sector and cluster development; marketing Ontario as a premier investment location and working with investors to locate and expand in Ontario; increasing Ontario’s global exports by working with Ontario small and medium-sized companies to expand their export potential worldwide; increasing Ontario’s international profile through representation in key markets around the world; and building Ontario’s scientific and research awareness and investing in Ontario’s science and technology infrastructure. The program also manages the outstanding financial commitments for the Ontario Development Corporation.

ENTERPRISE, OPPORTUNITY AND INNOVATION PROGRAM 902 - Summary

VOTE and item Accrual 2003-04 Estimates PROGRAM AND ACTIVITIES Cash 2002-03 Estimates Cash 2001-02 Actual
902 $   $ $
OPERATING   ENTERPRISE, OPPORTUNITY AND INNOVATION PROGRAM    
1 31,339,000 Competitiveness and Business Development2 31,535,800 31,527,403
2 27,582,200 Investment3 27,669,800 27,404,850
3 23,709,300 Trade and International Relations4 23,497,300 11,849,969
4 10,962,500 Field and Entrepreneurship Services5 11,155,800 9,766,428
5 198,246,200 Science and Technology Development6 153,773,900 133,109,159
6 2,271,800 The Ontario Development Corporation 2,477,900 2,489,566
  294,111,000 Total Operating 250,110,500 216,147,375
  126,100,000 Less: Special Warrants 81,200,000 -
  168,011,000 Amount to be Voted 168,910,500 216,147,375
Assets        
8 13,352,100 Innovation, Skills and Research Development - -
  13,352,100 Total Assets - -
  6,700,000 Less: Special Warrants - -
  6,652,100 Amount to be Voted - -

NOTE: Commencing in 2003-04, Estimates are presented on the accrual basis of accounting. Information for 2002-03 and earlier years is presented on the modified cash basis, and therefore comparison between 2003-04 and earlier year figures may not be meaningful. Differences between cash and accrual relate to adjustments such as timing of transfer payments and provisions for bad debts, that would increase or decrease the 2002-03 amounts had they been presented on the accrual basis.

Adjustments for this Ministry, if any, are indicated by superscripted references above and are explained on the page following the Ministry Summary - Reconciliation of 2002-03 Estimates from Cash to Accrual.

ENTERPRISE, OPPORTUNITY AND INNOVATION PROGRAM 902 - Summary Continued

VOTE and item Accrual 2003-04 Estimates PROGRAM AND ACTIVITIES Cash 2002-03 Estimates Cash 2001-02 Actual
  $   $ $
902   ENTERPRISE, OPPORTUNITY AND INNOVATION PROGRAM    
CAPITAL        
7 45,558,500 Research and DevelopmentA 40,184,000 18,625,953
  45,558,500 Total Capital 40,184,000 18,625,953
  22,800,000 Less: Special Warrants 6,500,000 -
  22,758,500 Amount to be Voted 33,684,000 18,625,953

NOTE: Commencing in 2003-04, Estimates are presented on the accrual basis of accounting. Information for 2002-03 and earlier years is presented on the modified cash basis, and therefore comparison between 2003-04 and earlier year figures may not be meaningful. Differences between cash and accrual relate to adjustments such as timing of transfer payments and provisions for bad debts, that would increase or decrease the 2002-03 amounts had they been presented on the accrual basis.

Adjustments for this Ministry, if any, are indicated by superscripted references above and are explained on the page following the Ministry Summary - Reconciliation of 2002-03 Estimates from Cash to Accrual.

ENTERPRISE, OPPORTUNITY AND INNOVATION PROGRAM - Standard Accounts Classification

OPERATING    
Competitiveness and Business Development (902-1)   $
Salaries and wages   7,551,500
Employee benefits   1,016,700
Transportation and communication   828,100
Services   5,206,100
Supplies and equipment   441,200
Transfer payments $  
Grants in Support of Business Development 60,400  
Prosperity Partnerships Program 1,000,000  
Strategic Skills Investment 14,235,000  
Task Force on Competitiveness, Productivity and Economic Progress 1,000,000  
    16,295,400
    31,339,000
Investment (902-2)    
Salaries and wages   4,459,800
Employee benefits   588,300
Transportation and communication   2,079,300
Services   19,255,000
Supplies and equipment   718,800
Transfer payments $  
Grants in Support of Investment Development 55,000  
Urban Transportation Development Corporation 425,000  
    480,000
Other transactions    
Economic Development Fund - Interest Incentives   1,000
    27,582,200
Trade and International Relations (902-3)    
Salaries and wages   5,343,400
Employee benefits   722,100
Transportation and communication   3,700,600
Services   12,235,400
Supplies and equipment   1,591,800
Transfer payments $  
Grants in Support of Trade Development 50,000  
International Disaster Relief 1,000  
Jiangsu, China-Ontario, Canada Science and Technology Centre 65,000  
    116,000
    23,709,300
Field and Entrepreneurship Services (902-4)    
Salaries and wages   3,250,800
Employee benefits   420,800
Transportation and communication   501,100
Services   6,343,200
Supplies and equipment   199,900
Transfer payments $  
Student Entrepreneurship Experience Program - Summer Company 750,000  
Youth Partnerships 50,000  
    800,000
Other transactions $  
Guarantees Honoured Young Entrepreneurs Program 35,000  
Youth Entrepreneurship Program - My Company 161,700  
    196,700
    11,712,500
Less: Recoveries   750,000
    10,962,500
Science and Technology Development (902-5)    
Salaries and wages   4,022,700
Employee benefits   472,100
Transportation and communication   470,700
Services   4,754,500
Supplies and equipment   184,300
Transfer payments $  
Biotechnology Cluster Innovation Program 1,400,000  
Canadian Bioprocesses Institute 225,000  
Cancer Research Institute of Ontario 5,000,000  
Centres of Excellence 32,300,000  
Electricity and Alternative Energy Centre of Excellence 12,000,000  
Interactive Digital Media Small Business Growth Fund 178,000  
International Science and Technology Research Agreements 800,000  
Ontario Cancer Research Network 17,188,900  
Ontario Rehabilitation Technology Consortium 1,000,000  
Ontario Research and Development Challenge Fund 73,800,000  
Ontario Research Performance Fund 31,700,000  
Premier’s Research Excellence Awards 11,700,000  
Science and Technology Awareness 1,050,000  
    188,341,900
    198,246,200
The Ontario Development Corporation (902-6)    
Salaries and wages   328,700
Employee benefits   42,800
Transportation and communication   15,000
Services   1,775,300
Supplies and equipment   10,000
Other transactions $  
Guarantees Honoured    
- Agency 500,000  
- Direct 100,000  
    600,000
    2,771,800
Less: Recoveries   500,000
    2,271,800
Total Operating for Enterprise, Opportunity and Innovation Program   294,111,000
     
Assets    
Innovation, Skills and Research Development (902-8)   $
Advances and recoverable amounts $  
Centres of Excellence 1,292,000  
Ontario Cancer Research Network 1,892,100  
Ontario Research and Development Challenge Fund 7,320,000  
Strategic Skills Investment 2,848,000  
    13,352,100
    13,352,100
Total Assets for Enterprise, Opportunity and Innovation Program   13,352,100

ENTERPRISE, OPPORTUNITY AND INNOVATION PROGRAM - Standard Accounts Classification Continued

CAPITAL    
Research and Development (902-7)   $
Transfer payments $  
Biotechnology Commercialization Centres Fund 4,498,500  
Broadband Regional Access 6,200,000  
Connect Ontario 7,800,000  
Medical and Related Sciences 7,000,000  
Millennium Partnerships 3,825,000  
Millennium Partnerships - COIP Contribution 3,825,000  
Ontario Research and Innovation Optical Network 12,410,000  
    45,558,500
    45,558,500
Total Capital for Enterprise, Opportunity and Innovation Program   45,558,500