2018 Annual Report

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2018 Annual Report
858 kb, 12 pages

Overview

  1. Historical Perspective of the ITB Policy
    • ITB Portfolio, 1986 - 2016
    • Economic Impact, 2012-2016
      • Jobs & GDP
      • Innovation
      • Scaling up small and medium-sized enterprises (SMEs)Footnote *
  2. New ITB Obligations in 2017
  3. UpcomingOpportunities in 2017 and Beyond
    • Enhancements to the ITB Policy
Footnote *

SME: Defined as firms  with 249 or fewer employees in their corporate family

Return to footnote * referrer

Summary:
The ITB Policy investment progress report 2018 provides an historical perspective of the ITB Policy, economic impact analysis in terms of jobs, GDP, innovation and scaling up SMEs, new ITB obligations in 2017, upcoming opportunities in 2017 and beyond as well as enhancements to the ITB Policy.

To dateFootnote *, the ITB Policy has resulted in investment obligations of close to $44B in the Canadian economy

Figure 1: Since 1986, 144 projects have leveraged a total of $43.8 billion in economic obligations

Description of Figure 1

Since 1986, 144 projects have leveraged a total of $43.8 billion in economic obligations
Completed $31.8B
In Progress $8.8B
Future Work Opportunities $3.2B
Footnote *

ITB investments to date are from the period 1986 to 2016; ITB portfolio includes projects awarded under the IRB Policy (1986-2014) and ITB Policy (2014-2016)

Return to footnote * referrer

Source: ITB investments administrative database (IRB Policy (1986-2014), ITB Policy (2014-2016)), 2018; ITB investments are based on Canadian Content Value credited according to the ITB Policy before credit multipliers are applied

The ITB Policy has contributedFootnote * $4.6B of GDP annually, and created or maintained 46,000 jobs annually during the period of 2012-2016 in the Canadian economy

Figure 2: Economic Impact of the ITB Policy, 2012-2016

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Description of Figure 2

$4.6B in GDP Impact - Annual Average 2012-2016
ITB Recipients $2.22B
Suppliers to ITB Recipients $1.33B
Consumer Spending by Assoicated Employees $1.07B
46,000 Jobs - Annual Average Persons, 2012-2016
ITB Recipients 21,000
Suppliers to ITB Recipients 14,000
Consumer Spending by Assoicated Employees 11,000
Footnote *

ITB investments include new economic activities arising from Canadian operations, Canadian suppliers, post-secondary and research institutions, technology transfers, collaborative innovation, venture capital and SME innovation expressed in total Canadian Content Value credited before multipliers are applied. 2012-2016 ITB investment values are based on identified investments. A five year annual average is used to reflect multi-year transaction periods. All totals are in $CAD.

Return to footnote * referrer

Source: ITB investments administrative database (IRB Policy (2012-2014), ITB Policy (2014-2016)), 2018; ITB investments are based on Canadian Content Value credited according to the ITB Policy before credit multipliers are applied

Over 700 companies across all regions of the country benefited from more than $17B of ITB business investments from 2012 to 2016

Sample of ITB industrial recipients in each region (2012-2016)

Western Canada

  • Chinook Aviation
  • D-Wave Systems
  • Dumur Industries
  • Maxar Technologies
  • Seaspan
  • Standard Aero

Ontario

  • Curtiss-Wright
  • DEW Engineering
  • ING Robotic Aviation
  • Linamar
  • Loral
  • Magellan Aerospace

Quebec

  • Bronswerk
  • CAE
  • Esterline
  • General Electric
  • Héroux Devtek
  • L3 Technologies

Atlantic Canada

  • Apex Industries
  • IMP Group
  • Irving Shipbuilding
  • MDS Coating Technologies
  • PAL Aerospace

Close to $190M was invested in collaborative innovation, skills development, and technology transfer from 2012 to 2016

  • Investments in academic institutions support both innovation and skills development functions
  • Collaborative innovation, skills development, and technology transfer activities occurred in every region in Canada

Figure 3: ITB Collaborative Innovation and Skills Development Investments % Share, 2012-2016

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Description of Figure 3
ITB Collaborative Innovation and Skills Development Investments % Share, 2012-2016
Technology Transfer 54%
Collaborative Innovation Networks 7%
SME Innovation 7%
Academic Innovation 19% 32%
Academic Skills Development 13%

More than 45 academic and research organizations benefited from ITB innovation and skills development investments from 2012 to 2016

Figure 4: Academic and research organizations benefiting from ITB innovation and skills development investments, 2012-2016

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Description of Figure 4

Innovation

Carleton University

CCRMFootnote *

CEMIFootnote *

CIMHVRFootnote *

CRCFootnote *

DRDCFootnote *

McGill University

McMaster University

NRCFootnote *

Université de Sherpooke

University of New Brunswick

York University

Skills Development

Actua

British Columbia Institute of Technology University

Camosun College

Canadore College

Centennial College

Conestoga College

Confederation College

CWAFootnote *

École De Technologie Supérieure

École Nationale D'Aérotechnique

IWK Health Centre Foundation

Lakehead University

NSCCFootnote *

Polytechnique Montréal

Saskatchewan Indian Institute of Technology

University of Manitoba

University of Northern pitish Columbia

University of Regina

University of Saskatchewan

University of Victoria

UOITFootnote *

Both Innovation and Skills Development

Camosun Coastal Centre

Cape Breton University

Dalhousie University

Memorial University Of Newfoundland

Queen's University

Simon Fraser University

University Of Alberta

University of British Columbia

University of Calgary

University of Ottawa

University of Toronto

University of Waterloo

Footnote *

CCRM: Centre for Commercialization of Regenerative Medicine; CWA: Canadian Welding Association Foundation; UOIT: University of Ontario Institute of Technology; CEMI: Centre for Excellence in Mining Innovation ; CIMHVR: Canadian Institute for Military and Veteran Health Research; CRC: Communications Research Center; NRC: National Research Council; DRDC: Defence Research and Development Canada; NSCC: Nova Scotia Community College

Return to footnote * referrer

Source: ITB investments administrative database (IRB Policy (2012-2014), ITB Policy (2014-2016)), 2018; ITB investments are based on Canadian Content Value credited according to the ITB Policy before credit multipliers are applied

The ITB Policy supported the scaling up of over 400 SMEs in the same period

  • SMEs received over $2 billion in investments between 2012 and 2016
  • Close to $15 million of innovation investments went to SMEs from 2012 to 2016

Sample of Canadian SMEs benefiting from ITB innovation investments:

  • Edgewater Computer Systems
  • Solace Power
  • QRA Consulting Inc
  • Bluedrop
  • Contextere
  • Gastops
  • Metamaterial Technologies Inc (MTI)

Source: ITB investments administrative database (IRB Policy (2012-2014), ITB Policy (2014-2016)), 2018; ITB investments are based on Canadian Content Value credited according to the ITB Policy before credit multipliers are applied

Success stories of recent ITB investments

Academic Innovation – University of New Brunswick
Innovation investments will enable a Canadian university to evolve their cybersecurity expertise through its Information Security Centre of Excellence (ISCX)
SME Innovation - Gastops
Innovation investments will enable a Canadian SME to develop and test a chip analysis process for aerospace industry engine programs
Skills Development – Nova Scotia Community College
Skills investments will enable African Nova Scotians to study welding under the new Pathways to Shipbuilding Program and secure careers at the Halifax and Vancouver Shipyards building the Royal Canadian Navy’s future fleet

Source: ITB investments administrative database (IRB Policy (2012-2014), ITB Policy (2014-2016)), 2018

Defence Contracts awarded in 2017 have resulted in…

  • 7 new projectsFootnote * in the ITB portfolio
  • $1.8 billion of additional ITB obligationsFootnote **
    • Over half of the work relates directly to the projects
  • Close to $300 million in potential opportunities for SMEsFootnote **
  • $88 million of innovation activity in progress
  • Significant export opportunities from a Canadian base
Footnote *

Includes all awarded contracts (announced and unannounced)

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Footnote **

Includes new and/or extended procurement projects

Return to footnote ** referrer

Source: : ITB investment administrative database, 2018

Enhancements to the ITB Policy will continue to support innovation and skills development in Canada

Key Industrial Capabilities (KICs)
16 KICs (in emerging technologies or established Canadian strengths) represent a strategic approach to leveraging economic benefits through defence procurements with a continued focus on innovation, supplier development, exports, and economic growth
Skills Development and Training
Skills Development and Training has been added as a fifth Value Proposition pillar to encourage bidders to identify skills development and training opportunities for Canadians
Gender and Diversity Plans
Gender and Diversity Plans require bidders to describe their approaches to achieving gender balance and increasing diversity within their Canadian corporate structures and with Canadian partners
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