21 Province of Ontario Matching Fund for CFI Awards

 PDAD&C #21, 2004-05

MEMORANDUM

TO: Principals, Deans, Academic Directors and Chairs
FROM: John Challis, Vice-President, Research and Associate Provost
DATE: October 15, 2004
RE:   Province of Ontario Matching Fund for CFI Awards


I am very pleased to confirm that in a recent speech to the Ontario Chamber of Commerce Economic Summit, Premier McGuinty announced that the Province was committing “at least $300 million over the next four years for equipment and other research infrastructure”. 

Our current understanding is that this amount is inclusive of the $80M announced to date by the Province in support of the Innovation Fund awards announced by CFI in March 2004 and a number of New Opportunities and Canada Research Chair-related infrastructure requests that had been pending at the Ontario Innovation Trust prior to its retirement as a source of new awards.  The details of how and when this new funding will be made available to leverage future Canada Foundation for Innovation
(CFI) funding in Ontario have yet to be made known.  We look forward to working with the Ministry of Economic Development and Trade on program design and implementation.  We will convey new information as it becomes available. 

The announcement of this funding, at a time of economic restraint in the provincial government budget, is a strong indicator of support of and commitment to university research.  It is a very significant first
step toward the estimated $630M required to assist Ontario’s research community in leveraging an appropriate share of the funds remaining at CFI. 

Should you wish to write to thank the Premier and or Minister Cordiano, their addresses are as follows:


The Honourable Dalton McGuinty
Premier of Ontario
Legislative Building, Room 281
Toronto, Ontario  M7A 1A1



The Honourable Joe Cordiano
Minister of Economic Development and Trade
8th Floor, Hearst Block
900 Bay Street
Toronto, Ontario  M7A 2E1