The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

2009 Ontario Budget Innovation Highlights

Quick dose of info from the Ministry’s Highlights doc below.  More to come…

  • $300 million in capital funds over six years for research infrastructure, which will be available to leverage funding from the federal Canada Foundation for Innovation
  • $250 million over five years for a new Emerging Technologies Fund that will focus on clean technologies, health and life sciences, and information and communication technologies, including digital media
  • $100 million over four years in operating funds for research performed in the biomedical field, focusing on genomics and gene-related research; this funding, as well as funding for research infrastructure, will be delivered through the Ontario Research Fund
  • $50 million over four years to enhance the successful Innovation Demonstration Fund, through which the government will continue to partner with innovative companies to develop emerging technologies, with a preference toward bio-based, environmental and alternative energy technologies
  • $10 million over three years to the Colleges Ontario Network for Industry Innovation to assist small and medium-sized enterprises with hands-on applied research, technology transfer and commercialization
  • $5 million to support the Ontario Genomics Institute, an important partner in fostering genomics research in Ontario
  • $2 million annually in proposed tax relief to extend the 10 per cent refundable Ontario Innovation Tax Credit to more small and medium-sized corporations that perform Scientific Research and Experimental Development (SR&ED) in Ontario
  • $110 million of tax relief in 2009-10 from paralleling the proposed federal temporary 100 per cent accelerated CCA rate for eligible computers and software acquired after January 27, 2009 and before February 2011.

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4 responses to “2009 Ontario Budget Innovation Highlights

  1. Pingback: It’s a Bird! It’s a Plane! It’s Super Canadian Genomics Funding!! « The Cross-Border Biotech Blog

  2. Pingback: 2010 Ontario Budget Stands Still on Innovation « The Cross-Border Biotech Blog

  3. Pingback: 2010 Ontario Budget Stands Still on Innovation « The Cross-Border Biotech Blog

  4. Pingback: 2010 Ontario Budget stands still on innovation « The RIC Blog

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