What is the Government doing to support innovation?
The Government recognizes that research and development is an important driver of long-term economic growth, and that discoveries stemming from research help improve the quality of life of Canadians. Canada ranks first among the G7 countries in terms of expenditures on research and development in the higher education sector as a share of the economy. In Advantage Canada, its long-term economic plan, the Government committed to maintaining this global leadership position. Through Budgets 2006, 2007, and 2008, the Government provided an additional $2.2 billion in new funding for science and technology initiatives between 2005–06 and 2009–10. Canada’s Economic Action Plan built on these investments by providing an unprecedented $4.9 billion in additional funding for research infrastructure, research, highly skilled people and commercialization. Budget 2010 continues this momentum by providing additional funding to support world-class research and researchers, including: • $32 million per
