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Building on the Canadian Opportunities Strategy
This budget builds on the Canadian Opportunities Strategy by investing more than $1.8 billion over the remainder of this fiscal year and the next three years in additional support for creating, disseminating, and commercializing knowledge, and for employment programs.
Click on the table titles for more information.
| ($ million) |
1998-
1999 |
1999-
2000 |
2000-
2001 |
2001-
2002 |
| Canada Foundation for Innovation (1) |
100 |
|
|
|
| SSHRC |
|
5 |
5 |
5 |
| NSERC |
|
25 |
25 |
25 |
| National Research Council |
16 |
5 |
5 |
5 |
| Biotechnology |
|
15 |
20 |
20 |
| Smart Communities |
|
15 |
30 |
15 |
| Geo-Connections |
|
12 |
12 |
12 |
| Business Development Bank of Canada (2) |
50 |
|
|
|
| Technology Partnerships Canada |
|
50 |
50 |
50 |
| Canadian Space Agency |
|
41 |
152 |
237 |
| Networks of Centres of Excellence |
|
30 |
30 |
30 |
| Youth Employment Strategy |
|
155 |
155 |
155 |
| Canada Jobs Fund |
|
110 |
110 |
110 |
|
| Total |
166 |
463 |
594 |
664 |
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(1) Funding will be increased by $200 million. Based on actual awards to date, it is expected that about half of this amount will support research infrastructure in areas other than health.
(2) Federal support for the Business Development Bank of Canada is in the form of an equity injection -- i.e., the purchase of shares. As such, it is not counted as a budgetary expenditure.
Creating Knowledge
$200 million is invested in the Canada Foundation for Innovation to continue to meet the research infrastructure challenge through the acquisition of state-of-the-art equipment and facilities. It is expected that about $100 million will support research infrastructure in the areas of the environment, science and engineering. Additional funding is also provided to the granting councils, the National Research Council and federal science-based departments.
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Disseminating Knowledge
$60 million will be invested over the next three years to establish Smart Community Demonstration Projects to show how information and communication technologies can be harnessed by communities to support economic development and to enrich community life for Canadians. An additional $36 million will be invested over three years to make critical geographic-related information available on the information highway through the "GeoConnections" initiatives.
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Commercializing Knowledge
:$90 million over three years will be provided to the Networks of Centres of Excellence. A further $150 million will be provided over three years to Technology Partnerships Canada for strategic investments with companies to commercialize innovative products and processes. The government will inject an additional $50 million in equity in the Business Development Bank of Canada. An additional $430 million over the next three years is provided to the Canadian Space Agency with ongoing funding of $300 million per annum thereafter to make strategic investments in space projects, science and technology.
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Supporting Employment
A total of $795 million over three years is provided for the recently announced Youth Employment Strategy and the Canada Jobs Fund.
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