Ontario's Innovation Ecosystem

ONTARIO’S

INNOVATION
ECOSYSTEM
If your business is driven by
innovation, then Ontario is the
place to take your ideas from the
drawing board to the market.
Our innovation ecosystem
is the perfect environment
for developing breakthrough
concepts and technologies and
bringing them to markets in
North America and beyond.
1 | InvestInOntario.com

ONTARIO’S INNOVATION ECOSYSTEM

Each year, more than $14 billion is
spent on R&D in Ontario.
More than 100,000 business and
university-based researchers work
on projects ranging from life-saving
vaccines to nanomaterials and next
generation wireless devices.


Ontario helps companies cut the
costs of doing research with R&D
tax incentives that are some of the
most generous among industrialized
countries.
Combined with federal R&D
programs, Ontario’s R&D Tax
Program can reduce the after-tax
cost of every $100 in R&D spending
to about $57, or $37 for small
businesses.



KPMG ranks Canada ahead of
other major industrialized countries
in a comparison of R&D costs,
citing a Canadian cost advantage
of close to 11% over the U.S.


In 2013, the government of Ontario
announced a $50-million investment
in a new venture capital fund.
The fund is designed for innovative
startups and emerging companies to
help them grow and become globally
competitive.



When you do R&D in Ontario
you’ll find that our rich network of
universities, private and publicsector institutions, and R&D centres
creates a highly collaborative
research environment.



Eighteen of Canada’s top 50 research universities
are located in Ontario.
The University of Toronto, McMaster, Western,
Queen’s, Laurentian, Lakehead, Ottawa, Guelph,
Waterloo and others are all internationally
recognized for the quality of their research.


Specialized centres, such as MaRS
Discovery District, Ontario Centres
of Excellence and the province’s
network of Regional Innovation
Centres, offer resources such as
commercialization and advisory
support and R&D matchmaking.
They work with companies in various
industries, such as communications
and IT, energy, manufacturing, life
sciences and more.



One example of a leading Ontario R&D centre is
the Ontario Institute for Cancer Research (OICR),
an independent, not-for-profit translational
cancer research institute funded by the
Government of Ontario.
OICR’s focus is on the translation of discoveries
into products, services and improved clinical
practice related to cancer prevention, early
detection, diagnosis and treatment.



Ontario’s vibrant innovation
ecosystem gives businesses the
confidence they need to conduct
R&D.
This has resulted in a who’s who
of companies choosing Ontario
for their research operations.



In 2011, Ontario and Cisco Canada signed a
Memorandum of Understanding to enhance
technology and R&D collaboration.
Cisco is investing in major R&D projects;
increased research and development work in
the province; and is helping both businesses
and government increase productivity
through technology.



Also in 2011, GE opened its first
global Pathology Innovation Centre of
Excellence (PICOE), located in Toronto.
This new centre has the potential to
revolutionize pathology through digital
innovation.



In 2012 Ontario and IBM Canada announced a
partnership with several leading Ontario universities.
The partnership includes creating a new
$210-million, world-class virtual research and
development centre. The IBM Canada Research
and Development Centre serves as a foundation for
the research initiative.


Let us help you find out more
about how Ontario can help your
company expand.
We understand the challenges
of investing. We can provide you
the information you need to make
a sound investment decision,
and connect you with the right
programs and organizations.



Find out more:
InvestInOntario.com
International 1-416-313-3469
North America 1-800-819-8701
info@investinontario.com


Ontario's Innovation Ecosystem

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