Investing in Regional Innovation and Development
Backgrounder
Regional Development Agency Contribution to the Innovation and Skills Plan
PDF version: Investing in Regional Innovation and Development (99 KB, 1 page)
| Regional Innovation Ecosystems | Investment in and Scale-Up of Firms | Clean Growth | Community Economic Development & Diversification | |
|---|---|---|---|---|
| Priorities | Grow and nurture inclusive regional innovation ecosystems | Invest in and support businesses and high growth firms, to assist them in scaling up and becoming world-class players | Invest in products, processes and services that improve environmental performance in support of sustainable development and clean economic growth | Respond to the unique needs of individual regions and communities to support economic development and diversification |
| Commitments |
Invest $1.5 billion over 5 years in strengthening regional innovation ecosystems, through cluster support, and SME tech adoption Support at least 3-5 regional clusters by 2020 |
Nominate 50 firms across the country for the Accelerated Growth Service | Invest $100 million nationally each year in clean technology |
Building on the success of the Atlantic Growth Strategy, implement regional growth strategies with local targets to support economic development and diversification 250 Indigenous projects supported over 5 years to develop assets or diversify their economy |
| Delivery |
Client Service Direct delivery of RDA programs, pathfinding support and a single point of access for both RDAs and federal programs/services in respective regions Provide acknowledgement of application within 48 hours for RDA programs, and number of referrals to appropriate federal economic programs or services Collaboration, Engagement & Partnership FPT Collaboration, Can-US Relations, Joint Strategic Investments Achieve a leverage ratio of 2.2 for every federal dollar invested |
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| Results |
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| Growth for the middle class in all regions of Canada | ||||
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