A small fraction of the $2.06 billion in awards ministers announced over that time
Ottawa’s flagship innovation program paid out $313 million to companies over its first three fiscal years — a small fraction of the $2.06 billion in awards ministers announced over that time.
Prime Minister Justin Trudeau and 19 members of his cabinet between them announced $2.06 billion for 65 SIF projects between the 2017–18 and 2019–20 fiscal years. Successful early applicants included Guelph, Ont. auto-parts giant Linamar and Montreal aerospace simulator manufacturer CAE ; scale-ups like Charlottetown biotechnology firm BioVectra and Ottawa AI firm MindBridge Analytics have also been awarded funding.
In the past, the government has used unspent industry program funding to fuel more project announcements, or to reduce the size of its deficits, Masse said, arguing that the government gets the “bang for their buck in the press and all the local glamour [of appearing] that they’re doing work” without “having to pay for it.
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