Supplementary Information
About this publication
Publication author : Canada Economic Development for Quebec Regions
Publish date : March 10, 2020
Summary :
The supplementary information complete CED’s departmental plan, which presents our priorities and expected results in 2020-2021.
Operating Context
Economic context
Growth in the Quebec economy in 2020 is projected to be moderate, albeit slighter higher than economic growth in Canada as a whole. The Quebec economy is expected to benefit from consumer spending and public investment, particularly in infrastructure projects, which should offset the relative weakness of business investment and exports.
In the medium term, certain issues could stifle economic growth in Quebec. First, the labour pool will continue to shrink in a number of regions, a sign of the aging Quebec population. The labour shortage, combined with the lack of succession to make up for the massive departure of aging entrepreneurs, is expected to remain a major challenge for several years to come.
Quebec businesses are also slow to make the investments required to increase their productivity, and Quebec is lagging in this regard. Given that labour is in short supply, businesses will need to make these necessary investments to enhance their productivity and ensure their growth.
In terms of international trade, Quebec businesses are still heavily dependent on the U.S. market, despite the signing of trade agreements with the European Union and the Asia-Pacific region. More diversified internationalization efforts will have to be undertaken.
With respect to the environment, certain economic sectors in Quebec remain vulnerable to the effects of climate change. Quebec is, however, well positioned to ensure the transition to a green economy, notably in the area of the electrification of transportation.
And finally, some Quebec communities lack the infrastructure needed to address technological, economic and climate change to allow them to make the most of their assets and strengthen their capabilities to ensure their prosperity. A number of these communities, often rural ones, are dependent on industries that are on the decline, or at risk of becoming so. Outside the major centres, the demographic and economic outlook is worrying.
Government context
The Government of Canada will be developing a renewed framework for regional economic development that will be in line with its overall economic plan and will take the unique opportunities and challenges facing Canadians and communities into account. Within this context, CED will act as a reliable resource for businesses, entrepreneurs and community organizations, and as a convenor of federal departments and agencies.
CED will continue to participate in intergovernmental initiatives, particularly ones that support open government or involve the development of improved digital capacity and better digital services for Canadians, and will adjust its practices, processes and systems accordingly.
Organizational context
CED will continue its efforts to pursuit its Horizon 2021 initiative involving the modernization and optimization of its processes and the enhancement of the client experience.
Gender-based analysis plus
Introduction
Gender-based analysis plus (GBA+) is an analytical process used to assess how diverse groups of women, men and gender-diverse people experience policies, programs and services based on multiple factors including race, ethnicity, religion, age, and mental or physical disability.
The federal government has been committed to using GBA+ in the development of policies, programs and legislation since 1995. It provides federal officials with the means to continually improve their work and attain better results for Canadians by being more responsive to specific needs and circumstances.
In response to recommendations from the 2015 report of the Auditor General of Canada, the government renewed its commitment to GBA+ and mandated the Minister for the Status of WomenFootnote 1 to work with the President of the Treasury Board to ensure that GBA+ is incorporated into Departmental Results Frameworks, Departmental Plans and Departmental Results Reports, and performance reporting.
In 2018, Parliament passed the Canadian Gender Budgeting Act. Under this act, the President of the Treasury Board must report annually on the impact of expenditures program on gender and diversity.
General information
Governance structures
In line with its GBA+ Statement of Intent, CED will continue to assess the changing realities and inequalities of diverse groups of people, and will seek effective ways to adapt the design and delivery of its policies, programs, internal practices and client services through the following:
- GBA+ Coordination Centre, including a Champion and two GBA+ Focal Points, which serves to facilitate, plan, monitor and report on GBA+ practices;
- Multi-sectoral committee on Equity, Diversity and Inclusion, which implements GBA+ Action Plan measures as part of its mandate;
- GBA+ intranet page and Agency-wide policy on mandatory GBA+ online training, which has resulted in a 95% course completion rate;
- Evaluation of CED's GBA+ Pilot Initiative, the Fast Forward Challenge, to demonstrate GBA+ relevance, build awareness and identify best practices;
- Hosting of events during the annual GBA+ Awareness Week;
- Implementation of the TBS policy orientation to modernize sex and gender information practices.
CED's GBA+ roles and responsibilities have also been formalized for CED's functional units, and tools will be developed to help each sector better integrate GBA+ principles.
Human resources
The total number of planned full-time equivalents dedicated to GBA+ implementation in 2020–21 is estimated at 1.2, including members of the GBA+ Coordination Centre and members of the Multi-sectoral committee on Equity, Diversity and Inclusion.
Planned initiatives (FLAG - there is french content)
GBA+ will be applied and monitored in the following CED Initiatives over the course of 2020-21:
Fast Forward Challenge, an entrepreneurial contest for engineering students and graduates, was chosen as a GBA+ pilot project to demonstrate GBA+ relevance, build awareness, and identify best practices. This experimental initiative, which will be evaluated in 2020-21, contributes to the following Gender Results Framework goal: "3.2 Increased opportunities for women to start and grow their businesses and succeed on a global scale". Possible results include:
- Accroître le nombre de jeunes et de femmes qui entreprennent des démarches de démarrage d'entreprise
- Accroitre le nombre de femmes qui ont l'intention de démarrer une entreprise
- Accroître % de PME dont les propriétaires majoritaires sont des jeunes et des femmes
Reporting capacity and data
CED's Program inventory includes three programs:
- Program: Regional Innovation
- Program: Vitality of communities
- Program: Targeted or temporary support
CED collect recipient and project microdata in all it's three programs.
The microdata on gender, ethnicity, age, and disability is collected on a voluntary basis at the project level by CED's program officers. Annually in CED's DRR, CED uses the latest numbers provided in the Survey on Financing and Growth of SMEs by Statistics Canada. Also, data related to business owners' official language (OLMCs) identification as a "newcomer in Canada" is also collected however there is no mention of those aspects in the specific results section of the DRR.
Additionally for the Program "Targeted or temporary support: Women Entrepreneurship Strategy", CED collected recipient microdata and reported on it (not released to public) for the following indicator: "Percentage of new businesses started by women entrepreneurs". This indicator is produced by Statistics Canada in the Survey on Financing and Growth of SMEs.
Details about transfer payment programs
Three-year plan for the Growth through Regional Innovation Program (GRIP) (known as Regional Economic Growth through Innovation (REGI) Program)
Start date
October 18, 2018
End date
REGI – Permanent program
WES - Women Entrepreneurship Fund, March 31, 2021
WES – WES Ecosystem Fund, March 31, 2023
Type of transfer payment
REGI: Grants and contributions
WES: Contributions
Type of appropriation
Annual allocation of funds through the expenses budget.
Fiscal year for terms and conditions
2019-20
Link to departmental result(s)
The REGI will continue to target the two following departmental results:
- Quebec businesses are innovative and growing
- Businesses invest in the development and commercialization of innovative technologies in Quebec
Link to the department's Program Inventory
The REGI program falls under the Regional Innovation and Temporary or Targeted Support programs.
Purpose and objectives of the transfer payment program
REGI is a national program that supports the economic growth of businesses through innovation. In Quebec, it is delivered by CED, taking into account the needs of Quebec businesses and regions.
The REGI program has two streams:
- Business scale-up and productivity: CED fosters the development of businesses by helping them scale-up, be more productive and grow through innovation (adoption or adaptation of advanced technologies; demonstration; and commercialization and market development).
- Regional innovation ecosystems: CED also contributes to the creation of an entrepreneurial environment conducive to innovation by supporting the development of regional innovation ecosystems that meet the needs of businesses and foster their growth and competitiveness.
Recipients that are small or medium-sized businesses (SMEs) are awarded repayable contributions. Recipients that are non-profit organizations (NPOs) receive non-repayable contributions.
The Women Entrepreneurship Strategy (WES) provides nationally coordinated and regional tailored investments to help women entrepreneurs and support regional innovation ecosystems through two program streams.
The Women Entrepreneurship Strategy (WES) provides nationally coordinated and regional tailored investments to help women entrepreneurs and support regional innovation ecosystems through two program streams.
- The WES Ecosystem Fund, is a five-year program to help non-profit, third-party organizations deliver support for women entrepreneurs and address gaps in the ecosystem.
- The Pilot Contribution Program (Women Entrepreneurship Fund (WEF)) is a two-years program that invests directly women-owned and women-led businesses to help them grow and reach new markets.
Expected Result
Expected results include
- Businesses are adopting innovations and commercializing innovative products or services;
- Regional Innovation Ecosystems are expanding the number of supported businesses; and
- WES: Women entrepreneurs start and grow their businesses.
A set of six indicators is used to measure CED's progress with respect to the achievement of these results. These indicators are primarily based on economic statistics (e.g., value of Quebec goods' exports) and data from projects that received funding (e.g., revenue growth rate of businesses supported by CED programs). CED plans to reveal the most recent metrics for these indicators during the annual presentation of its Departmental Results Report.
Fluctuations in these indicators are caused by a number of factors, such as the economic environment. For this reason, CED expects variations in its results, even though, in the long term, progression should be positive.
Fiscal year of last completed evaluation
Not applicable, given that the program was implemented in October 2018.
Decision following the results of last evaluation
N/A
Fiscal year of next planned evaluation
2023–2024
General targeted recipient groups
The main recipients of REGI funding are as follows:
- businesses;
- groups of businesses;
- organizations that support and offer services to businesses at various stages of their development to help them boost their growth, facilitate or improve their scale-up and develop their markets;
- college centres for technology transfer (CCTTs);
- NPOs that provide services or generate benefits for businesses;
- business incubators and accelerators:
- municipalities and regional county municipalities (RCMs);
- groups and associations made up of NPOs, businesses, post-secondary institutions or consortiums; and
- Indigenous organizations.
Initiatives to engage applicants and recipients
CED's 12 business offices continuously engage with key community players so as to remain abreast of the issues and challenges facing each of the regions of Quebec and to ensure that projects proposed by communities and businesses receive all the government support they need to be successful. CED places a particular emphasis on the development of regional innovation ecosystems to ensure that their expertise fosters business growth. CED has also created a new Strategic Partnerships Branch whose mandate is to engage with the business community in order to set up joint forums relating to their regional economic development perspectives.
In addition, all CED clients are systematically invited to fill in a satisfaction questionnaire upon completion of their project. This tool provides feedback from recipients of CED funding about whether the Agency's programs meet their needs.
| Type of transfer payment | 2019–20 planned spending | 2020–21 planned spending | 2021–22 planned spending | 2022–23 planned spending |
|---|---|---|---|---|
| Total grants | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Total contributions | 195,836,851 | 159,368,056 | 120,560,502 | 121,302,718 |
| Total other types of transfer payments | 0 | 0 | 0 | 0 |
| Total program | 196,836,851 | 160,368,056 | 121,560,502 | 122,302,718 |
Three-year plan for the Community Futures Program (CFP)
Start date
May 18, 1995
End date
Permanent program
Type of transfer payment
Contributions
Type of appropriation
Annual allocation of funds through the expenses budget.
Fiscal year for terms and conditions
2010–2011
Link to departmental result(s)
The CFP will continue to target the following departmental result: Communities are economically diversified in Quebec
Link to the department's Program Inventory
The CFP falls under the Community Vitality program
Purpose and objectives of the transfer payment program
The CFP supports local economic development and strengthens the capacity of communities to develop their full potential in a sustainable manner.
The program's main objectives are as follows:
- stability, economic growth and job creation;
- diversified and competitive local economies in rural areas; and
- sustainable communities.
Expected Result
The CFP will continue to target the following departmental result: Communities are economically diversified in Quebec.
A set of three indicators is used to measure CED's progress with respect to the achievement of this departmental result. These indicators are primarily based on economic statistics (e.g., percentage of SMEs in Quebec that are majority-owned by women, Indigenous peoples, youth, visible minorities or persons with disabilities) and data from projects that received funding (e.g., amount leveraged per dollar invested in community projects). CED plans to reveal the most recent metrics for these indicators during the annual presentation of its Departmental Results Report.
The CFP is a national program delivered in Quebec by CED. It therefore has national indicators (e.g., CED and its partners measure, in percentage points, the extent to which the growth in sales of CFP-assisted clients exceeds that of comparable unassisted firms).
Fiscal year of last completed evaluation
2019–2020
Decision following the results of last evaluation
It was decided that the program would be continued, and an action plan was drawn up. The evaluation and the action plan are available on the CED website.
Fiscal year of next planned evaluation
2024–2025
General targeted recipient groups
The CFP provides financial assistance for Community Futures Development Corporations (CFDCs), Business Development Centres (BDCs) and the Network of CFDCs and BDCs.
Initiatives to engage applicants and recipients
Starting in 2016, CED undertook an exercise to modernize the delivery of the CFP in Quebec. Carried out in conjunction with the organizations that receive funding under the program, this exercise culminated, in 2019, in the renewal of the agreements for a five-year period, which allowed for a review of area coverage, the funding model and the services provided by the organizations. CED continues to work closely with these organizations as concerns the measurement of results and the monitoring of the implementation of the agreements. Various joint working groups have been set up to ensure a continuous commitment.
| Type of transfer payment | 2019–20 planned spending | 2020–21 planned spending | 2021–22 planned spending | 2022–23 planned spending |
|---|---|---|---|---|
| Total grants | 0 | 0 | 0 | 0 |
| Total contributions | 33,497,174 | 33,497,174 | 33,497,174 | 33,497,174 |
| Total other types of transfer payments | 0 | 0 | 0 | 0 |
| Total program | 33,497,174 | 33,497,174 | 33,497,174 | 33,497,174 |
Three-year plan for the Quebec Economic Development Program (QEDP)
Start date
April 1, 2012
End date
Permanent program
Type of transfer payment
Grants and contributions
Type of appropriation
Annual allocation of funds through the expenses budget.
Fiscal year for terms and conditions
2018–2019
Link to departmental result(s)
The QEDP targets the following departmental result: Communities are economically diversified in Quebec
Link to the department's Program Inventory
The QEDP falls under the Community Vitality and Temporary or Targeted Support programs.
Purpose and objectives of the transfer payment program
The QEDP supports regional economic development and diversification and helps the regions pursue promising economic development opportunities going forward.
Depending on the type of project, CED may provide a repayable or non-repayable contribution or a grant.
Expected Result
The CFP will continue to target the following departmental result:
Communities are economically diversified in Quebec
A set of three indicators is used to measure CED's progress with respect to the achievement of this result. These indicators are primarily based on economic statistics and data from projects that received funding (e.g., amount leveraged per dollar invested by CED in community projects).
Fluctuations in these indicators are caused by a number of factors, such as the economic environment, which is why CED expects variations in its results, even though, in the long term, progression should be positive.
Fiscal year of last completed evaluation
2018–2019
Decision following the results of last evaluation
It was decided that the program would be continued, and an action plan was drawn up. The evaluation and the action plan are available on the CED website.
Fiscal year of next planned evaluation
2021–2022
General targeted recipient groups
The main recipients of QEDP funding are as follows:
- non-profit organizations;
- economic development organizations;
- municipalities and regional county municipalities (RCMs);
- organizations tasked with attracting international organizations and foreign investment;
- local businesses; and
- groups of businesses.
Initiatives to engage applicants and recipients
CED's 12 business offices continuously engage with key community players so as to remain abreast of the issues and challenges facing each of the regions of Quebec and to ensure that projects proposed by communities and businesses receive all the government support they require to be successful. This allows for the adjustment of policies and programs, as was the case in 2018 when the parameters of our programs targeting Indigenous communities were eased so that these communities could benefit more fully from CED funding. CED places particular emphasis on this ongoing dialogue in communities experiencing slower economic growth.
In addition, all CED clients are systematically invited to fill in a satisfaction questionnaire upon completion of their project. This tool provides feedback from recipients of CED funding about whether the Agency's programs meet their needs.
| Type of transfer payment | 2019–20 planned spending | 2020–21 planned spending | 2021–22 planned spending | 2022–23 planned spending |
|---|---|---|---|---|
| Total grants | 2,150,000 | 2,000,000 | 1,500,000 | 1,500,000 |
| Total contributions | 46,353,710 | 59,763,558 | 38,658,738 | 38,694,517 |
| Total other types of transfer payments | 0 | 0 | 0 | 0 |
| Total program | 48,503,710 | 61,763,558 | 40,158,738 | 40,194,517 |
1. Canada Economic Development for Quebec Regions (CED) performance measurement methodology
1.1 Historical context
CED-supported projects are monitored by means of data from Statistics Canada and a departmental performance data collection system. The Hermès data system has been in place since 2002, and has undergone a number of upgrades, notably on April 1, 2018. The system is, for the most part, computerized, and ensures the maintenance of a stable and secure longitudinal database. It will be replaced at the beginning of the 2020–2021 fiscal year, and mitigation measures will be adopted to address potential difficulties in the replacement of the system.
In April 2018, the Treasury Board Secretariat (TBS) introduced the Policy on Results. This Policy provides for the definition of a departmental Core Responsibility; the identification of Departmental Results; the breakdown of the latter into Departmental Result Indicators (nine indicators for CED); and the creation of a Program Inventory. CED received the required authorization from the Treasury Board and its Minister for these tools in October 2017. The Agency also produced an initial Performance Information Profile in November 2017; it was reviewed twice (in November 2018 and September 2019), and the TBS now has the updated version.
CED's core responsibility is as follows:
Core responsibility:
Develop Quebec's economy
Description:
Support economic growth and prosperity and job creation in Quebec by means of inclusive clean growth; help SMEs grow through trade and innovation; and build on competitive regional strengths.
Departmental result 1: Quebec businesses are innovative and growing
I1: Value of Quebec goods' exports (in dollars)
I2: Value of Quebec's clean tech exports (in dollars)
I3: Number of high-growth businesses in Quebec (by revenue)
I4: Revenue growth rate of firms supported by CED programs
Departmental result 2: Communities are economically diversified in Quebec
I5: Percentage of SMEs in Quebec that are majority-owned by women, Indigenous peoples, youth, visible minorities or persons with disabilities
I6: Percentage of professional, science and technology-related jobs in Quebec's economy
I7: Amount leveraged per dollar invested by CED in community projects
Departmental result 3: Businesses invest in the development and commercialization of innovative technologies in Quebec
I8: Value of R&D spending by businesses receiving CED program funding (in dollars)
I9: Percentage of businesses that collaborate with Quebec institutions of higher learning
Programs: CED's Program Inventory is made up of three programs:
- Regional Innovation
- Community Vitality
- Targeted or Temporary Support
Attribution of results
CED works closely with a number of federal and Quebec government departments and agencies, as well as with various local and regional stakeholders. This co-operation is reflected in project funding packages. It is for this reason that CED cannot take the entire credit or responsibility for the results obtained, and so it is more accurate to state that CED project funding contributes to the achievement of the observed results.
In the field of economic development, expected results are rarely observed during the year in which the expenditure is made. It is generally only upon completion of the project that it is possible to observe a result, for example the annual sales of the SME receiving funding. The same holds true for the various activities, such as market development, technology transfer and productivity enhancement, that are funded through CED programs.
In accounting for the use of CED funds granted in 2020–2021, and for results, the 2020-2021 Departmental Results Report relies primarily on three baselines:
- Statistics Canada data;
- Projects for which an expenditure was made in 2020–2021 (fiscal yearFootnote 2). This baseline provides details about the number of economic development projects that received financial support from CED, along with the amount of that assistance; and
- Projects that have reached the date at which longer-term results (e.g., increase in sales) are expected, given that their activities have been completed. This baseline is used to measure the impact of CED programs on economic development, both in Quebec as a whole and among businesses, regions and communities.
CED intervenes in two ways:
- Through projects involving direct assistance, by providing funding for a client, i.e., a business or a non-profit organization (NPO). For example, funding for a business (client) that plans to acquire new equipment with a view to modernizing its plant.
- Through projects involving intermediary groups, by awarding financial assistance to a client that offers its services to third parties. For example, a contribution to an incubator (client) that helps new entrepreneurs (recipients) start up their business.
1.2 Gathering performance data
As per its new Departmental Results Framework (DRF), CED has nine departmental indicators, seven of which are measured using data from Statistics Canada. The other two indicators are measured through data from CED projects. All of CED's activities are aligned with the desired Departmental Results; however, given CED's budgetary capacity, and the large number of players in the Quebec economy, it is very difficult to measure the effect of CED's interventions on target variations.
CED uses a computer platform to manage its grant and contribution programs and projects. Known as Hermès, this system also allows for individual project performance monitoring.
In the case of projects directly supported by CED, project results are monitored by business office advisors as part of regular client agreement monitoring activities. Generally speaking, the data comes from the businesses' financial statements, which have been audited by a professional accountant independent of the SME and so have a high level of reliability. Instructions for using and inputting indicators, and appropriate quality controls, ensure consistent data entry in Hermès.
The Technical Notes section below provides detailed information on the reliability of the data associated with the Departmental Results Framework indicators.
2. Technical notes on Departmental Results Framework (DRF) indicators
DEPARTMENTAL RESULT 1 – Quebec businesses are innovative and growing
Indicator 1:
Value of Quebec goods' exports (in dollars)
Collection frequency:
Annually
Target:
$91.9B
Data source:
Statistics Canada
Program:
Regional Innovation; Community Vitality
Methodology:
Calculation based on the balance of international payments for goods in Quebec.
NB:
Statistics Canada compiles the balance of international payments by integrating numerous data sources related to transactions between residents and non-residents into statements that measure the flow of goods, services, incomes and financial claims to and from Canada.
Reliability of result:
High
Indicator 2:
Value of Quebec's clean tech exports (in dollars)
Collection frequency:
Annually
Target:
Unavailable
Data source:
Statistics Canada
Program:
Regional Innovation; Community Vitality
Methodology:
Unavailable
NB:
No data was available for this indicator at the time this Departmental Plan was written. Statistics Canada plans to eventually produce a satellite survey on clean technologies.
Definition of clean tech: any process, product, or service that reduces environmental impacts: through environmental protection activities, through the sustainable use of natural resources, or through the use of goods that have been specifically modified or adapted to be significantly less energy or resource intensive than the industry standard.
Reliability of result:
N/A
Indicator 3:
Number of high-growth businesses in Quebec (by revenue)
Collection frequency:
Annually
Target:
2,620
Data source:
Statistics Canada
Program:
Regional Innovation; Community Vitality
Methodology:
Calculation based on Statistics Canada's count of the number of Canadian firms that have achieved average annualized revenue growth greater than 20% per annum over a three-year period. Hence, total growth over a three-year period must be greater than 72.8%. For the purposes of this indicator, growth has been measured based on revenue. High-growth businesses are required to have at least 10 employees at the start of the three-year period and must have been in business for at least four years.
NB:
N/A
Reliability of result:
High
Indicator 4:
Revenue growth rate of firms supported by CED programs
Collection frequency:
Annually
Target:
6.0%
Data source:
CED; administrative program data in Hermès; annual financial statements of businesses receiving assistance
Program:
Regional Innovation; Community Vitality
Methodology:
The difference between the total revenue of businesses receiving funding under CED programs in year t, and total revenue for year t-1, divided by total revenue for year t-1 (expressed as a percentage).
NB:
N/A
Reliability of result:
High
DEPARTMENTAL RESULT 2 – Communities are economically diversified in Quebec
Indicator 5:
Percentage of SMEs in Quebec that are majority-owned by women, Indigenous peoples, youth, visible minorities or persons with disabilities
Collection frequency:
Irregular
Target:
Woman 17.0%
Indigenous peoples 0.8%
Youth 17.5%
Visible minorities 5.0%
Persons with disabilities 0.2%
Data source:
Statistics Canada; Survey on Financing and Growth of Small and Medium Enterprises
Program:
Community Vitality; Temporary or Targeted Support.
Methodology:
The calculation is based on the number of SMEs that report being majority-owned by each group (women, Indigenous peoples, youth, visible minorities and persons with disabilities) in the Survey on Financing and Growth of Small and Medium Enterprises as a percentage of the total number of SMEs with at least one employee.
NB:
N/A
Reliability of result:
High
Indicator 6:
Percentage of professional, science and technology-related jobs in Quebec's economy
Collection frequency:
Annually
Target:
36.5%
Data source:
Statistics Canada
Program:
Community Vitality; Temporary or Targeted Support.
Methodology:
Science and technology-related jobs are defined in the OECD Canberra Manual. In addition to occupations typically associated with science, technology, engineering and mathematics (STEM) or merely the natural sciences, this definition also includes physical, mathematical and engineering science professionals, life science and health professionals, teaching professionals, and other professionals in fields such as business, legal, information, social science, creative, religious, and public service administration.
NB:
N/A
Reliability of result:
High
Indicator 7:
Amount leveraged per dollar invested in community projects
Collection frequency:
Annually
Target:
$2.20
Data source:
CED; administrative program data in Hermès
Program:
Community Vitality; Temporary or Targeted Support.
Methodology:
The numerator is the difference between the total costs for projects with expenditures during the reference period and the total authorized funding for projects with expenditures during the same period, divided by the total assistance authorized for projects with expenditures during the reference period.
NB:
N/A
Reliability of result:
Very high
DEPARTMENTAL RESULT 3 – Quebec businesses invest in the development and commercialization of innovative technologies
Indicator 8:
Value of R&D spending by businesses receiving CED program funding (in dollars)
Collection frequency:
Annually
Target:
$25M
Data source:
CED; administrative program data in Hermès; annual financial statements of businesses receiving assistance
Program:
Regional Innovation
Methodology:
Value (in dollars) of R&D spending by businesses receiving CED funding for projects with expenditures during the reference period
NB:
N/A
Reliability of result:
Very high
Indicator 9:
Percentage of businesses that collaborate with Quebec institutions of higher learning
Collection frequency:
Occasional
Target:
19%
Data source:
Statistics Canada
Program:
Regional Innovation
Methodology:
Statistics Canada data collected through either the Survey of Business Innovation and Strategy (SIBS) or the Survey of Advanced Technology (SAT) indicating the percentage of businesses that use collaborative practices or developed strategic alliances with universities, colleges or vocational training centres.
NB:
N/A
Reliability of result:
High
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