What’s Happening at Research Infosource and the Research & Innovation Community...
Year:
FOR IMMEDIATE RELEASE
Positive Results for Canada's Research and Innovation Leaders:
Universities rebound; Colleges continue to make gains; Corporations post strong growth; Hospitals continue to climb
Toronto ON, 5 December 2024. Research Infosource Inc. today released their annual print and digital editions of Canada's Innovation Leaders (CIL) 2024. CIL features the much-awaited annual rankings across four key sectors:
Canada's Top 50 Research Universities
Canada’s Top 50 Research Colleges
Canada's Top 40 Research Hospitals
Canada's Top 100 Corporate R&D Spenders
And new this year:
Canada’s Top 15 Federal Government R&D Performers
Canada’s Top 50 Research Universities reported combined research income of $9.60 billion in Fiscal 2023 - a solid increase of 6.0% over Fiscal 2022. Research income expanded at 35 universities and declined at 15 others. University of Toronto again led the national university ranking and the Medical tier with $1.43 billion of research income in Fiscal 2023, up 6.9%. University of Waterloo topped the Comprehensive universities ($224.3 million, up 14.3%, 13th overall) and Université du Québec à Trois-Rivières led the Undergraduate tier ($35.3 million, down -2.5%, 31st overall). Top-placed universities by research income growth in Fiscal 2023 were: McMaster University (Medical tier, 26.0%), University of Regina (Comprehensive tier, 56.0%) and Saint Mary's University (Undergraduate tier, 34.4%). Research Infosource has designated three institutions as Research Universities of the Year 2024 in their respective categories: University of Toronto (Medical), University of Waterloo (Comprehensive) and Ontario Tech University (Undergraduate).
Canada’s Top 40 Research Hospitals reported combined research spending of $3.47 billion in Fiscal 2023, a gain of 8.4% over Fiscal 2022. Research spending increased at 30 health organizations and declined at 10 others. The top three leaders on the Top 40 list were: University Health Network (UHN) with outlays of $539.0 million, up 13.6% from Fiscal 2022; Hospital for Sick Children ranked in second spot ($307.4 million, up 4.5%); followed by McGill University Health Centre (MUHC) in third ($258.2 million, up 11.5%). The three health organizations posting the greatest research spending growth by tier in Fiscal 2023 were: Nova Scotia Health Authority (large, up 63.0%), St. Joseph's Healthcare Hamilton (medium, up 30.8%) and Bruyère Health (small, up 26.8%).
Canada’s Top 50 Research Colleges reported a total of $354.6 million of sponsored research income in Fiscal 2023, a gain of 6.1% over Fiscal 2022. Research income increased at 27 colleges and declined at 23 others. Niagara College headed the list once again with $40.5 million of research income, up 26.5%, followed by Lambton College ($21.0 million, up 30.6%) and in third place, NAIT – Northern Alberta Institute of Technology ($17.5 million, up 46.7%). The top three colleges that posted the greatest research income growth by tier in Fiscal 2023 were: Humber Polytechnic (large, up 139.8%), Langara College (medium, up 143.1%) and Cégep de Lévis (small, up 138.9%).
Canada’s Top 100 Corporate R&D Spenders posted $15.6 billion in combined research and development (R&D) spending in Fiscal 2023. This was a strong increase of 12.4% over Fiscal 2022. R&D spending increased at 69 companies and declined at 31 others. The leading corporate R&D spender was once again Shopify Inc., investing $2.33 billion in R&D, up 19.4%, followed by Magna International Inc. ($1.16 billion, up 37.8%) and Open Text Corporation ($918.6 million, up 60.3%). The top three R&D spending growth leaders overall were: Satellos Bioscience Inc. (240.8%), Nano One Materials Corp. (157.3%) and BriaCell Therapeutics Corp. (98.3%).
Canada's Top 15 Federal Government R&D Performers reported a total of $2.2 billion of intramural R&D spending in Fiscal 2023, a gain of 3.2% over Fiscal 2022. The leading Federal Government R&D performer was the National Research Council of Canada, devoting $771 million to research in Fiscal 2023. Agriculture and Agri-Food Canada was the next leading federal performer, spending $364 million. National Defence and Natural Resources Canada rounded out the top three, each reporting $231 million of research spending. Research spending expanded fastest over Fiscal 2022 at Fisheries and Oceans Canada (up 55.6%) and at Public Health Agency of Canada (up 55.6%), followed by Innovation, Science and Economic Development Canada (up 25.7%).
The theme of Canada's Innovation Leaders (CIL) 2024 is Advancing research for a prosperous future and there is a special Focus on Artificial Intelligence Research. In addition to showcasing Canada's leading research universities, hospitals, colleges, companies, and Federal Government departments and agencies, explore how our researchers and institutions are shaping a prosperous future and driving innovations to tackle complex global challenges. Discover what the best of the best are accomplishing in Canada's Innovation Achievements, gain insights from our Leaders' and Researchers' Corners, and delve into other compelling editorial content.
For more information: Dive into Canada's Innovation Leaders (CIL) 2024 for complete analysis, additional rankings, the Focus on Artificial Intelligence Research, Advancing research for a prosperous future, other editorial content and more...
About Research Infosource
Research Infosource is Canada's source of R&D intelligence. Drawing from proprietary databases, Research Infosource publishes Canada’s Innovation Leaders, which includes Canada's Top 50 Research Universities, Canada’s Top 40 Research Hospitals, Canada’s Top 50 Research Colleges, Canada's Top 100 Corporate R&D Spenders, and Canada’s Top 15 Federal Government R&D Performers. As well, Research Infosource publishes specialized reports.
For additional information or for an interview, please contact:
Ron Freedman, CEO, Research Infosource ron@researchinfosource.com Telephone: 416-879-9000