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Industry committee That's right. Each one is assessed on its merit, based on public, economic and innovation benefits, and that's how we calculate the SIF contribution. In terms of repayability and non-repayability, our standard is repayability. In the event that there's a significant public bene
May 28th, 2019Committee meeting
Andrea Johnston
Industry committee The strategic innovation fund was announced in June 2017, so we don't have a long history of repayability, because we're still in negotiations on the contribution agreement. Every commitment in the contribution agreement is an obligation on the company. It's not only repayabili
May 28th, 2019Committee meeting
Andrea Johnston
Industry committee All applicants have been in repayment mode.
May 28th, 2019Committee meeting
Andrea Johnston
Industry committee Well, as you know, in the recent budget we received an additional $100 million for CRIN, which is the Clean Resource Innovation Network. We're in early discussions with those companies, many of them located in Alberta. We expect to have a fairly solid project pipeline out of that
May 28th, 2019Committee meeting
Andrea Johnston
Industry committee You specifically mention health and data. That's under stream 4, where the government launched a challenge to industry. We had several strong applications come forward and we just recently announced the two winning applicants.
May 28th, 2019Committee meeting
Andrea Johnston
Industry committee In order to make that assessment, we use a whole-of-government approach, which includes departments. We draw particularly on the technical expertise of IRAP in the National Research Council. In this case, we also had four expert advisers who provided input on the applications and
May 28th, 2019Committee meeting
Andrea Johnston
Industry committee It's a very exciting area because, as you say, Canada has the potential to be leading in this area. ISED has been working very closely with Natural Resources Canada, AECL and the regulators to get a better understanding of the technologies and their applicability in the Canadian
May 28th, 2019Committee meeting
Andrea Johnston
Finance committee Why don't I give an example of the strategic innovation fund? When an application comes in, we assess it as to the public economic and innovation benefits, and if we determine that those are high, then that project moves forward. The project then undertakes a technical review. We
March 10th, 2020Committee meeting
Andrea Johnston
Finance committee That number you referred to, the 6,000, was based on an ATIP request on a subset of data, so it does not compile all of the SIF jobs that have been created. As of now, there are 65 projects announced and approved under the strategic innovation fund. With the SIF contributions of
March 10th, 2020Committee meeting
Andrea Johnston
Finance committee These are negotiated agreements. The projects are now starting to unroll. As we do the semi-annual reporting, we'll have a tracking system on the jobs.
March 10th, 2020Committee meeting
Andrea Johnston
Finance committee These are 10-year projects.
March 10th, 2020Committee meeting
Andrea Johnston
Finance committee There are jobs being created and maintained. These are the ones we are tracking.
March 10th, 2020Committee meeting
Andrea Johnston
Finance committee Again, the projects are just commencing.
March 10th, 2020Committee meeting
Andrea Johnston
Finance committee Yes, 67,000.
March 10th, 2020Committee meeting
Andrea Johnston
Finance committee Yes.
March 10th, 2020Committee meeting
Andrea Johnston