Mr. Speaker, this government has consistently demonstrated a strong commitment to science and technology. Guided by Canada's federal science and technology strategy, mobilizing science and technology to Canada's advantage, the federal government has introduced sustained investments to strengthen Canada's position in the world as a leading supporter of research.
Since 2006, the federal government has invested more than $9 billion in funding for science, technology and the growth of innovative businesses. These investments have helped to support world-class Canadian research and help us achieve key social goals, such as improving public health, building a strong and vibrant economy and ensuring a clean and healthy environment for future generations.
Back in 2011, Mr. Tom Jenkins led an expert panel to review federal support to R and D to improve contributions to innovation and economic opportunities for business. This panel recommended a new approach to supporting innovation in Canada, including the pursuit of initiatives that focused resources on better meeting private sector needs.
To support this approach, economic action plan 2013 will provide $121 million over two years for the strategic orientation of National Research Council Canada to help innovative enterprises grow in Canada.
As we know, NRCC was established in 1916 to support research and the development of commercial innovation. It has made an important contribution to the Canadian economy by supporting the development of innovations such as the cardiac pacemaker and computer-assisted animation technology, which have generated high-value-added jobs.
To improve Canada's economic performance, the NRC is working together with other players in Canada's innovation system, including academia, and the public and private sectors. As an organization linking these sectors together to advance commercialization, the NRC is adapting to business research needs by concentrating on active, business-driven, industry-relevant research.
The government continues to take action in line with the panel's recommendations. Economic action plan 2013 proposes to provide $20 million over three years for a new pilot program to be delivered through NRC's industrial research assistance program. This would enable hundreds of small- and medium-sized enterprises to commercialize their products or services more quickly and effectively by providing them with credit notes to help pay for research, technology and business development services at universities, colleges and other non-profit research institutions of their choice.
Also, to help enhance innovation hubs that foster entrepreneurial talent and ideas, economic action plan 2013 proposes $60 million over five years to help outstanding, high-potential incubator and accelerator organizations in Canada expand their services to entrepreneurs and a further $100 million through the Business Development Bank of Canada to invest in firms graduating from business accelerators.
This builds upon previous investments through budget 2012 to double R and D support to small- and medium-sized companies through IRAP. Some $67 million was provided in 2012-13 to support the NRC in refocusing its efforts toward business-driven, industry-relevant applied research that would help Canadian businesses develop innovative products and services.
In fact, another $1.1 billion over five years was announced in economic action plan 2012 for direct research and development support.
Taken together, federal expenditures on science and technology are projected to reach nearly $11 billion in 2012-13.