According to the most recent data from Statistics Canada, universities in the Montréal metropolitan area were granted $1.2 billion in research subsidies in 2010. The region is still ranked first in Canada with an 18.1% market share—up from 17.2% in 2009. External funding allocated to university research in Greater Montréal has thus increased by 10.5% compared to 2009.
In comparison, Toronto ranks second in Canada with $979.7 million. The low growth of 1.4% in subsidized research funding from 2009 to 2010 coupled with increased activity in other regions in the country led to a slight drop in Toronto’s market share, from 15.4% in 2009 to 15% in 2010.
These latest results are most encouraging for Greater Montréal as the reputation and quality of university research have a direct impact on the metropolitan region’s capacity to innovate and attract strategic investments and talent.
Source: Statistics Canada, Financial Information of Universities and Colleges (FIUC), 2012
Mathieu Lefort, Analyst, Economic Research Division, Montréal International