Canada Foundation for Innovation

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The Canada Foundation for Innovation (CFI; French : Fondation canadienne pour l'innovation, FCI) is an independent corporation created by the Government of Canada to invest in research facilities and equipment in Canada's universities, colleges, research hospitals, and non-profit research institutions. [1]

Contents

Creation

The CFI was created by the Government of Canada through the Budget Implementation Act 1997, Bill C-93, [2] to "help build and sustain a research landscape in Canada that will attract and retain the world's top talent, train the next generation of researchers, support private-sector innovation and create high-quality jobs that strengthen Canada's position in today's knowledge economy". [3]

Funding

The infrastructure funded by the CFI includes the equipment, laboratories, databases, specimens, scientific collections, computer hardware and software, communications linkages and buildings necessary to conduct research. [4]

The CFI has established a merit-review process that relies on experts from across Canada and around the world to ensure that only the best projects receive funding. CFI funding is awarded to institutions, not individual researchers, and all funding proposals must support an institution's strategic research plan. [5] Eligible Canadian institutions apply to the CFI through a suite of funds, and all applications are assessed using three broad criteria: quality of the research and its need for infrastructure, contribution to strengthening the capacity for innovation and potential benefits of the research to Canada.

The CFI funds up to 40 percent of a project's research infrastructure costs. [6] This funding is then leveraged to attract the remaining investment from partners in the public, private and non-profit sectors. [7]

Governance

The CFI was established as an independent corporation with a board of directors, which meets three to four times a year. The board of directors reports to Members—a higher governing body similar to a company's shareholders but representing the Canadian public. [8] Members are nominated and appointed for a five-year term. An annual public meeting is held each year. [9]

Criticism

CFI has been criticized for being redundant and part of a "convoluted" federal funding apparatus. [10]

External projects/facilities

See also

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References

  1. ↑ "Budget 2016". actionplan.gc.ca. Archived from the original on 2015-11-04. Retrieved 2017-07-11.
  2. ↑ "C-93 (35-2) - Third Reading - An Act to implement certain provisions of the budget tabled in Parliament on February 18, 1997 - Parliament of Canada". www.parl.gc.ca. Retrieved 2017-07-11.
  3. ↑ "Innovation.ca | Canada foundation for innovation". www.innovation.ca. Retrieved 2017-07-11.
  4. ↑ "About | Innovation.ca". www.innovation.ca. Archived from the original on 2016-07-01. Retrieved 2017-07-11.
  5. ↑ "About | Innovation.ca". www.innovation.ca. Archived from the original on 2016-07-01. Retrieved 2017-07-11.
  6. ↑ "Canada Foundation for Innovation (CFI) | Research and Innovation - McGill University". www.mcgill.ca. Retrieved 2017-07-11.
  7. ↑ Sector, Government of Canada, Innovation, Science and Economic Development Canada, Office of the Deputy Minister, Industry. "Canada Foundation for Innovation". www.ic.gc.ca. Retrieved 2017-07-11.{{cite web}}: CS1 maint: multiple names: authors list (link)
  8. ↑ CFI's Annual Report 2013-14
  9. ↑ "Members and Board of Directors | Innovation.ca". www.innovation.ca. Retrieved 2017-07-11.
  10. ↑ Wells, Paul. "Science policy: First, ask the right questions", Maclean's , 4 November 2012 (accessed 27 November 2019)
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