Program directory · Pacific Economic Development Agency of Canada
Innovation
- Program code
- BYK01 (PCAN)
- Core responsibility
- Economic Development in British Columbia
- In Departmental Plans
- 2022-23 – 2026-27 · New since an earlier plan
What it does
Introducing innovative new products, technologies or improvements to existing processes enhances business growth and competitiveness in global marketplace. PacifiCan’s Innovation programming makes strategic investments with British Columbian businesses, industry organizations and post-secondary institutions to enhance business innovation through research and development, and technology commercialization.
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2021-22. 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 |
|---|---|---|---|
| Innovation | This program | 2021-22 – 2028-29 | $149M |
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 |
|---|---|---|
| 2022-23 | Spending $34.8M, against $47.7M in 2021-22 (−27%). | Actual spending (GC InfoBase) |
| 2023-24 | Spending $44.2M, against $34.8M in 2022-23 (+27%). | Actual spending (GC InfoBase) |
| 2024-25 | Indicators added: Clean technology exports from Innovation projects; Value of incremental private sector investment attracted | Departmental Results Framework (GC InfoBase) |
| 2024-25 | Indicators dropped: Business sales growth resulting from commercialization; Number of highly qualified personnel (HQP) (including science, technology, engineering and math (STEM)) jobs created | Departmental Results Framework (GC InfoBase) |
| 2024-25 | Spending $22.4M, against $44.2M in 2023-24 (−49%). | Actual spending (GC InfoBase) |
| 2025-26 | Planned spending $29.3M, against $22.4M in 2024-25 (+31%). | Latest Departmental Plan |
| 2026-27 | Planned spending $37.3M, against $29.3M in 2025-26 (+27%). | Latest Departmental Plan |
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 |
|---|---|---|---|---|
| 2024-25 | ≥ $36.1M | 2025 | $14.5M Some projects did not meet targets on a cumulative basis due to delayed economic results achieved in multi-year projects. Although the value of clean technology exports for Innovation projects did not meet the target, the value of clean technology exports for Business Growth projects exceeded its target. In total, projects under both categories exceeded the cumulative target for value of clean te… | Not met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2024-25 | ≥ $2.6M | 2025 | $45.1M The variance reflects stronger performance in certain projects in 2024-25. | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2022-23 | ≥ $76.3M | 2023 | $1.5M An administrative error resulted in a higher than intended target being set for this indicator, representing an overstatement of the target by over $40 million. The remaining variance is attributed to project activity delays due to the impact of the COVID-19 pandemic. | Not met |
| 2023-24 | ≥ $77.8M | 2024 | $43.3M Variance is due to supply chain disruptions and cashflow constraints within recipient companies. | Not met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2022-23 | ≥ 533 | 2023 | 891 | Met |
| 2023-24 | ≥ 488 | 2024 | 624 | Met |
Current: the 2026-27 plan's targets
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ $1.3M | 2027 | — | Planned |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ $250K | 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 |
|---|---|---|
| 2021-22 | — | $47.7M |
| 2022-23 | $30M | $34.8M |
| 2023-24 | $31M | $44.2M |
| 2024-25 | $24.3M | $22.4M |
| 2025-26 | $29.3M | — |
| 2026-27 | $37.3M | — |
| 2027-28 | $37M* | — |
| 2028-29 | $28M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2022-23 | 25 | 41 |
| 2023-24 | 25 | 43 |
| 2024-25 | 36 | 30 |
| 2025-26 | 36 | — |
| 2026-27 | 37 | — |
| 2027-28 | 37* | — |
| 2028-29 | 32* | — |
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 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|
| 2022-23 plan | $30,046,843 | $29,652,890 | $29,662,902 | ||||
| 2023-24 plan | $31,048,409 | $31,147,507 | $29,357,066 | ||||
| 2024-25 plan | $24,281,712 | $22,548,871 | $22,651,146 | ||||
| 2025-26 plan | $29,294,862 | $26,146,276 | $25,801,948 | ||||
| 2026-27 plan | $37,331,702 | $36,954,089 | $28,013,215 | ||||
| Actual | $34,815,715 | $44,205,614 | $22,371,636 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
