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Province Makes Key Research and Innovation Investments

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Province Makes Key Research and Innovation Investments

Ontario Boosting Skills and Expertise to Compete Globally

Ontario is investing in cutting-edge research, education, and training opportunities to help people build the knowledge and skills they need to get good-paying jobs and compete in the global economy.

Initiatives include:

  • Providing $6 million over three years to support mathematical science research through the Fields Institute, which works closely with the business sector to transfer technology and information between mathematical scientists and businesses. The transfer of mathematic expertise will help businesses increase competitiveness and growth, while also spurring the creation of high-skilled jobs through the launch of new start-up companies.
  • Matching an 11-year, $30 million investment by the Centre for International Governance Innovation to support up to 19 research fellowships and up to 20 graduate scholarships each year for students in international law. The research will directly support Ontario's economic priorities of attracting and strengthening businesses that commercialize intellectual property while furthering the province's export market so made-in-Ontario companies and products can advance their success on a global scale.
  • Providing $1.2 million over three years to the Toronto Financial Services Alliance's Centre of Excellence in Financial Services Education to support projects like the Toronto Homecoming initiative, which has helped bring more than 70 talented executives with global experience back to the Toronto region through networking events.

Supporting research and innovation is part of the Ontario government's economic plan to invest in people, build modern infrastructure, and support a dynamic business climate.

Quick Facts

  • The Fields Institute is a centre for mathematical research that brings together Canadian and international mathematicians from different business and financial institutions.
  • The Centre for International Governance Innovation is an independent, non-partisan think-tank on international governance led by public policy leaders and academics. Its programs focus on global economy, security, environment and energy, and development.
  • The Centre of Excellence in Financial Services Education is the first institution of its kind in Canada, bringing together financial services stakeholders and post-secondary institutions to strengthen and expand the local talent pool and elevate the Toronto region as a global financial services capital.

Additional Resources

Quotes

“By investing in programs that enhance connections among universities, research institutions, and the business community, our government is supporting the education and training opportunities we need to succeed in a highly skilled global economy.”

Brad Duguid

Minister of Training, Colleges and Universities

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