Ontario budget announces exciting new investment in talent and innovation

Toronto, ON – Mitacs welcomes the 2023 Ontario budget which includes $32.4 million over three years in new funding to power innovation and productivity – key drivers of economic growth. This investment will respond to the exceptional demand from Ontario businesses by giving them access to the highly skilled talent they need to succeed.  

Mitacs is proud to continue to partner with the Government of Ontario to support business innovation in priority sectors, including manufacturing, healthcare and critical minerals. This new funding will support the creation of 6,500 innovation internships for students, postdocs, and recent graduates who make up the skilled labour force and employers of tomorrow.  

We look forward to working closely with the government to ensure that demand for talent in these and other emerging sectors continues to be met to further position Ontario businesses and students for success. 


John Hepburn, CEO, Mitacs 

“Mitacs is grateful for the exciting new support in today’s Ontario budget. This new funding will allow us to continue to build on our strategic partnership with the province to respond to the ever-growing demand for talent in priority sectors of the economy.” 

 About Mitacs 

  • Mitacs empowers Canadian innovation through effective partnerships that deliver solutions to the world’s most pressing problems. Mitacs assists organizations in reaching their goals, funds cutting-edge innovation, and creates job opportunities for students and postdocs. 
  • A not-for-profit organization, Mitacs is funded by the Government of Canada, the Government of Alberta, the Government of British Columbia, Research Manitoba, the Government of New Brunswick, the Government of Newfoundland and Labrador, the Government of Nova Scotia, the Government of Ontario, Innovation PEI, the Government of Quebec, the Government of Saskatchewan, and the Government of Yukon.