Through the Ministry of Research and Innovation (the “Ministry”), the Government of Ontario has committed to investing $190 million over the next six years to develop new technologies, retain leading scientists, increase innovation, and create jobs. The news release can be found here.
The funding will be shared by the Research Excellence1 ($65 million) and Research Infrastructure2 ($125 million) programs under the Ministry’s Ontario Research Fund (ORF).
Information on how to apply for funding to help cover costs of research infrastructure (ORF - Research Infrastructure) can be found here.
Information on how to apply for funding to help cover the cost of research operations (ORF - Research Excellence) can be found here.
Canada’s research and innovation has not gone unnoticed, with Canada ranking sixth in the world in its research performance. Over half of Canada’s research is attributable to Ontario. According to the government news release, 150 new companies have been founded and 20,000 researchers trained in the Province in the past ten years.
The Ministry also supports entrepreneurship and advancement through the Innovation Demonstration Fund and Ontario Venture Capital Fund (see our blog posts here and here).
1. ORF - Research Excellence provides research institutions with funding to support costs of research projects that would be of strategic value to Ontario. These projects have provided opportunities for 23,000 researchers and created 64 spin-off companies since 2003. Ontario’s recent investment is leveraging at least $130 million in investment from private sector and academic institutions.
2. ORF - Research Infrastructure provides research institutions with funding in support of infrastructure needs, including equipment and modern facilities. These projects have trained over 20,000 people, created 86 spin-off companies, and helped created over 5,000 jobs since 2003. Ontario’s recent investment is leveraging at least $187 million in investment from the federal government, private sector and academic institutions.