Above all this budget shows strong investment in education, research, and the clean/green economy. Directionally this is good for the country. On the clean economy side, the government is her not picking winners, but showing leadership for any and all of Canadian industry to find a place in this global reality. This is right thinking, and an essential element in Generation Renew.
Increased funding to the granting councils is also excellent. Even better is the language outlining the new Innovation Agenda that will be crafted over the coming months.
STRENGTHENING SCIENCE AND RESEARCH The Government understands the central role of science in a thriving, clean economy and in providing evidence for sound policy decisions. Canada’s universities, colleges and other research institutions play a fundamental role in Canadian society by developing highly skilled and creative workers. They are also the engines of discovery, and collaborate on innovations that help companies compete and grow. Budget 2016 takes action to reinvigorate Canada’s research and science base by investing in infrastructure at postsecondary institutions and federal laboratories, fostering research excellence, and accelerating the diffusion and commercialization of knowledge into applications that benefit industry and society as a whole.
• A college could modernize or create sector-specific training facilities, including capacity for advanced areas such as Red Seal trades;• College and university facilities that support prototype development or proof-of-principle assessment could receive investments in order to better serve the needs of industry partners;