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 -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 |
