MAIN HEADING: Research and Innovation Program - VOTE 903

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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 research talent personnel to support world-class research and researchers working in publicly-funded institutions across Ontario; advancing translational and focused research in specific research areas including cancer and brain; delivering skills development, business development and commercialization programs focusing on key sectors and regional development opportunities; providing programs and services that assist main street clients 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 Entrepreneurs; 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
2014-15

Estimates
2013-14

Difference
Between
2014-15
and
2013-14

Actual
2012-13

  OPERATING EXPENSE        
1 Research and Innovation 596,918,200 558,322,200 38,596,000 650,417,030
Total Including Special Warrants 596,918,200 558,322,200 38,596,000 650,417,030
Less: Special Warrants 160,000,000 - 160,000,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 436,918,200 558,322,200 (121,404,000) 650,417,030
Special Warrants 160,000,000 - 160,000,000 -
  Total Operating Expense 596,918,200 558,322,200 38,596,000 650,417,030
  CAPITAL EXPENSE        
2 Research and Innovation 88,622,300 80,500,000 8,122,300 131,708,000
Total Including Special Warrants 88,622,300 80,500,000 8,122,300 131,708,000
Less: Special Warrants 34,500,000 - 34,500,000 -
  TOTAL CAPITAL EXPENSE TO BE VOTED 54,122,300 80,500,000 (26,377,700) 131,708,000
Special Warrants 34,500,000 - 34,500,000 -
  Total Capital Expense 88,622,300 80,500,000 8,122,300 131,708,000


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 Research Institution Tax Credit   12,605,500  
          Centre for Research and Innovation in the Bio-economy   6,200,000  
          Commercialization and Innovation Network Support   53,304,000  
          Grants in Support of Research and Innovation   7,230,000  
          Innovation Demonstration Fund   14,000,000  
          Institute for Quantum Computing   5,000,000  
          International Collaborations   2,962,900  
          Life Sciences Seed Venture Capital Fund   10,000,000  
          Neurotrauma Program   4,680,000  
          Next Generation Baycrest Initiative   4,700,000  
          Ontario Brain Institute   1,000  
          Ontario Emerging Technologies Fund   37,000,000  
          Ontario Innovation Tax Credit   232,371,800  
          Ontario Institute for Cancer Research   77,000,000  
          Ontario Life Sciences Commercialization Strategy   1,485,000  
          Ontario Research Fund   77,650,000  
          Perimeter Institute   10,000,000  
          Research Talent Programs   10,427,000  
          Small Business Enterprise Centres   4,301,000  
          Youth Jobs Strategy – Entrepreneurship   11,000,000  
          Youth Jobs Strategy – Innovation   15,000,000 596,918,200
  Total Operating Expense     596,918,200
  Total Operating Expense for Research and Innovation Program     596,918,200
  CAPITAL EXPENSE      
903-2 Research and Innovation      
      Transfer payments      
          Ontario Research Fund     88,622,300
  Total Capital Expense     88,622,300
  Total Capital Expense for Research and Innovation Program     88,622,300