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Budget makes changes to LSIF legislation

Tight capital markets for small companies has prompted changes to the Community Small Business Investment Funds Act. The Budget proposes expanding the scope of firms eligible for investments by Labour Sponsored Investment Funds (LSIF) to include larger firms and an increased ceiling on investment amounts.

Ontario seeks centre stage for cancer research with creation of new institute

Ontario Budget

The Cancer Research Institute of Ontario (CRIO) has captured the Ontario Budget’s largest single investment related to R&D and innovation. With a budget of $1 billion over 10 years, it is designed to propel Ontario into the world-leading ranks for cancer research and treatment and complements a previous $100-million commitment for an Ontario Cancer Research Network (OCRN).

Fuel cells commercialization roadmap released

A long-awaited commercialization roadmap for the fuel cells industry has identified four key steps to move the sector forward, including more demonstration projects, early purchase programs and increased collaborative R&D.

Senior government ranks shuffled

Prime minister Jean Chrétien has announced a series of changes to the senior ranks of the federal public service, with many appointments impacting key S&T and innovation files. The appointments, effective April 22 to June 16, include the creation of a new position at the National Research Council (NRC) and news of a restructuring and name change for the Canadian Centre for Management Development (CCMD).