You are talking about research funds. This has nothing to do with official languages funds. It has to do with research chairs, and the Department of Industry manages that. All university researchers in the country apply, and the chosen researchers decide what research will be supported. It works much the same way for the Canada Council for the Arts, an organization that is normally completely neutral and independent of government.
What I can tell you is that, on our side, the funding is through bilateral agreements and is intended for small infrastructure projects. I say small projects because we rarely get to $5 million.