Program directory · Federal Economic Development Agency for Southern Ontario
Regional Innovation Ecosystem
- Program code
- BNM11 (FEDSO)
- Core responsibility
- Economic Development in Southern Ontario
- In Departmental Plans
- 2019-20 – 2026-27 · New since an earlier plan
What it does
The Regional Innovation Ecosystem Program aims to create, grow and develop strong and inclusive regional ecosystems that support business growth and innovation, as well as the entrepreneurial environment necessary to foster more innovative regional economies and increase the competitiveness of small- and medium-sized enterprises (SMEs).
The Regional Innovation Ecosystem Program seeks to: grow and sustain strategic clusters and consortia to leverage regional strengths and support businesses to scale up and commercialize innovative products, technologies and services; enhance the development and reach of business incubators and accelerators, and other organizations, which support entrepreneurs, start-ups and innovative companies with high-growth potential; support projects led by innovation-oriented organizations to increase and promote business productivity and global competitiveness, and investment and talent attraction.
This program uses funding from the following transfer payment program: Regional Economic Growth through Innovation (REGI).
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2019-20. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Regional Innovation Ecosystem | This program | 2019-20 – 2028-29 | $568M |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2024-25 | Spending $68.1M, against $142M in 2023-24 (−52%). | Actual spending (GC InfoBase) |
| 2026-27 | Indicators added: Amount of additional support from external sources per dollar invested by FedDev Ontario in RIE projects | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Indicators dropped: # of businesses supported # of organizations supported; Total value of cash invested in a project | Departmental Results Framework (GC InfoBase) |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | ≥ 1,600 | 2024 | 23,611 | Met |
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | At least $1.00: $1.00 | 2024 | 1.25 | No result reported |
Current: the 2026-27 plan's targets
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | At least $1.00: $1.00 | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2019-20 | $60.5M | $69.3M |
| 2020-21 | $70.6M | $82.3M |
| 2021-22 | $82.9M | $93.3M |
| 2022-23 | $162M | $114M |
| 2023-24 | $128M | $142M |
| 2024-25 | $60.8M | $68.1M |
| 2025-26 | $75.1M | — |
| 2026-27 | $73.2M | — |
| 2027-28 | $75.8M* | — |
| 2028-29 | $71.8M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2019-20 | 34 | 45 |
| 2020-21 | 47 | 46 |
| 2021-22 | 44 | 56 |
| 2022-23 | 64 | 61 |
| 2023-24 | 45 | 58 |
| 2024-25 | 54 | 44 |
| 2025-26 | 47 | — |
| 2026-27 | 56 | — |
| 2027-28 | 55* | — |
| 2028-29 | 52* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019-20 plan | $60,463,468 | $66,553,161 | $66,710,196 | |||||||
| 2020-21 plan | $70,577,102 | $64,357,807 | $67,741,734 | |||||||
| 2021-22 plan | $82,911,645 | $78,499,741 | $60,856,282 | |||||||
| 2022-23 plan | $162,297,535 | $96,781,329 | $62,596,404 | |||||||
| 2023-24 plan | $128,092,975 | $60,300,753 | $53,436,380 | |||||||
| 2024-25 plan | $60,840,548 | $54,739,167 | $54,462,063 | |||||||
| 2025-26 plan | $75,126,303 | $68,902,710 | $67,951,164 | |||||||
| 2026-27 plan | $73,249,268 | $75,812,930 | $71,799,218 | |||||||
| Actual | $69,334,000 | $82,308,980 | $93,338,189 | $113,543,802 | $141,649,906 | $68,061,684 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
