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RESEARCH AND INNOVATION PROGRAM - VOTE 903

This program supports a stronger research and innovation ecosystem in Ontario by: developing and administering the ministries’ suite of research programs that make investments in operations, infrastructure and personnel to support world-class research and researchers working in publicly-funded institutions across Ontario; delivering skills development, business development and commercialization programs focusing on key sectors and regional development opportunities; providing programs and services that assist with business start-up and early stage growth through Ontario's network of 57 Small Business Enterprise Centres; helping technology-based entrepreneurs and firms launch and grow through the Ontario Network of Excellence; connecting innovators and entrepreneurs across the province - ensuring that high potential companies can attract the skills and capital to compete in global markets and provide the opportunity for ideas developed in labs to make their way into the marketplace; promoting entrepreneurship as a viable career option among Ontario’s youth; adopting e-business and computer technologies by small and medium enterprises and the availability of affordable ultra-fast broadband services across Ontario; overseeing Ontario’s efforts to promote innovation and facilitate a robust venture capital industry.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2013-14

Estimates
2012-13

Difference
Between
2013-14
and
2012-13

Actual
2011-12

  OPERATING EXPENSE        
1 Research and Innovation 558,322,200 599,521,100 (41,198,900) 553,340,348
  TOTAL OPERATING EXPENSE TO BE VOTED 558,322,200 599,521,100 (41,198,900) 553,340,348
  Total Operating Expense 558,322,200 599,521,100 (41,198,900) 553,340,348
  CAPITAL EXPENSE        
2 Research and Innovation 80,500,000 108,708,000 (28,208,000) 114,982,983
  TOTAL CAPITAL EXPENSE TO BE VOTED 80,500,000 108,708,000 (28,208,000) 114,982,983
  Total Capital Expense 80,500,000 108,708,000 (28,208,000) 114,982,983



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
903-1 Research and Innovation      
  Transfer payments      
     Business Ecosystem Support Fund   17,516,300  
     Business Research Institution Tax Credit   13,245,400  
     Centre for Research and Innovation in the Bio-economy   4,060,000  
     Commercialization and Innovation Network Support   52,175,000  
     Grants in Support of Research and Innovation   6,704,600  
     Innovation Demonstration Fund   13,143,000  
     Innovation Demonstration Fund - Interest Incentives   100,000  
     International Collaborations   3,206,000  
     Next Generation Baycrest Initiative   4,700,000  
     Next Generation of Jobs Fund - Biopharmaceutical Investment Program   3,046,200  
     Ontario Brain Institute   1,000  
     Ontario Emerging Technologies Fund   23,000,000  
     Ontario Innovation Tax Credit   248,506,300  
     Ontario Institute for Cancer Research   74,000,000  
     Ontario Life Sciences Commercialization Strategy   1,500,000  
     Ontario Research Fund   65,031,000  
     Ontario Venture Capital Fund II   20,000,000  
     Perimeter Institute   5,000,000  
     Renewable Energy Project   300,000  
     Research Talent Programs   2,994,000  
     Science and Technology Connections and Partnerships   92,400  
     Small Business Enterprise Centres   1,000 558,322,200
  Total Operating Expense to be Voted     558,322,200
  Total Operating Expense for Research and Innovation Program     558,322,200
  CAPITAL EXPENSE      
903-2 Research and Innovation      
  Transfer payments      
     Minor Capital Investments   500,000  
     Ontario Research Fund   80,000,000 80,500,000
  Total Capital Expense to be Voted     80,500,000
  Total Capital Expense for Research and Innovation Program     80,500,000