New Brunswick will close the gap in funding levels for post-secondary education research and development between itself and Nova Scotia over the coming years.
R&D for Universities in New Brunswick peaked in 2009 at $73 million. Since then, it has fallen by 43% to $51 million. The gap between current R&D funding and the target amount continues to increase.
According to a report by the Council of Canadian Academies, federal R&D capacity is concentrated in Toronto, Montreal, Vancouver, Ottawa, and Calgary.These five cities create patents and high-tech companies at twice the rate of other Canadian cities.New Brunswick does not boast as many research opportunities as these cities, hence the decline in federal government and business enterprise funding.
New Brunswick’s higher education sector has a lower per capita R&D value than the national average. R&D encourages collaboration between private enterprises and post-secondary institutions and attracts students and researchers alike.
The province of Nova Scotia has set a goal of doubling post-secondary education (PSE) research funding through a combination of government support and additional funding secured through researcher collaborations and initiatives (see OneNS). If New Brunswick adopts the same goal (with a 2009 baseline of $73 million), it should aim to increase research funding for New Brunswick universities to $146 million by the year 2028.