Canadian Government Solidifies Commitment To The Canada Media Fund
The Canada Media Fund (CMF) thanks the Government of Canada and particularly the Minister of Canadian Heritage and Official Languages, the Honourable James Moore, for announcing in the Budget that the CMF will receive funding support on an ongoing basis starting April 1, 2011.
“This is a very significant commitment,” declared Louis Roquet, Chair of the CMF’s Board of Directors, “one that will enable the CMF to truly play its part in Canada’s Digital Economy Strategy by providing ongoing funding support for the creation and promotion of content for all Canadians on the platforms of their choice.”
The Government’s contribution of $100 million, combined with the funding the CMF receives from Canada’s cable and satellite distributors, will enable the CMF to provide over $350 million to the television and digital media industry in 2011-2012.
“With the help of this commitment, the CMF will continue to drive innovation and to support Canada’s creative talent in contributing to our competitiveness in the global marketplace for content,” stated Valerie Creighton, President and CEO of the CMF. “This is most welcome news for the industry as a whole.”
Canada’s technology and digital media sectors stand to reap some major benefits from today’s budget, as laid out on the Government of Canada’s Action Plan site. In addition to the above announcement regarding the Canada Media Fund, and as stated on the Action Plan site (meaning I did not write any of the following, I grabbed it from the Government), the next phase of Canada’s Economic Action Plan sets the stage for the Digital Economy Strategy to make Canada a leader in the creation, adoption and use of digital technologies and content. Budget 2011 measures include:
- Providing $80 million in new funding over three years through the Industrial Research Assistance Program to help small and medium-sized businesses accelerate their adoption of key information and communications technologies through collaborative projects with colleges.
- Announcing $60 million over the next three years to promote increased student enrolment in key disciplines related to the digital economy.
The digital economy is woven into the fabric of our modern economy. Digital technologies power activities in all areas of the economy, from manufacturing and transportation to advanced telecommunications and Web-based services, and provide a platform for all sectors to be more innovative and productive. Leadership in the creation, adoption and use of digital technologies and content will help Canada to increase its world-class standard of living.
In the summer of 2010, the Government held nationwide consultations to seek the views of Canadian industry, creators and consumers on how Canada can build a globally competitive digital economy by 2020. Budget 2011 sets the stage for the release of Canada’s Digital Economy Strategy later this spring by introducing new measures focused on accelerating adoption of information and communications technologies at small and medium-sized businesses, preparing students for careers in the digital economy, and building Canada’s digital content through the Canada Media Fund.
As Canada enters the digital age, the small and medium-sized businesses that drive our economy have an opportunity to maximize their growth potential by adopting information and communications technologies. Colleges, with their linkages to local industry and access to cutting-edge technology and skills, are ideally placed to develop technological solutions that respond to the challenges faced by small and medium-sized businesses. The National Research Council’s Industrial Research Assistance Program has experience in working with colleges and innovative small and medium-sized businesses.
To support the development of Canada’s digital economy, Budget 2011 announces $80 million in new funding over three years for a pilot initiative, delivered through the Industrial Research Assistance Program, to support collaborative projects between colleges and small and medium-sized businesses to accelerate their adoption of information and communications technologies.
In addition, as part of the Government’s effort to strengthen Canada’s research advantage, Budget 2011 announces $53.5 million over five years to support the creation of 10 new Canada Excellence Research Chairs. Some of these new research chairs will be active in fields relevant to the Digital Economy Strategy. The Government is also renewing the Community Access Program for an additional year.
The ability of Canadians to effectively use new digital technologies will be crucial to Canada’s success in the global digital economy. Budget 2011 announces that Human Resources and Skills Development Canada will reallocate $60 million in funding over the next three years to promote enrolment in key disciplines related to the digital economy such as science, technology, engineering and mathematics.
The Government has recently taken steps to accelerate the growth of the digital economy, including by:
- Ensuring more than 98 per cent of Canadians have access to broadband services through a variety of initiatives, including through the Broadband Canada: Connecting Rural Canadians program in Canada’s Economic Action Plan.
- Modernizing policies to build confidence in e-commerce through the passage of new anti-spam legislation and tabling privacy and copyright legislation.
- Adding information and communications technology adoption as a strategic focus of the Business Development Bank of Canada, including new consulting services to help companies enhance their use of information and communications technologies, as well as offering flexible financing to help support these investments.
- Opening up spectrum for next-generation wireless networks and services by launching consultations on the 700 megahertz spectrum with a view to auctioning it in late 2012, concurrent with consultations on the 2,500 megahertz spectrum.
- Enabling telecommunications businesses to increase investment by freezing licensing fee rates for cellular and personal communications services, extending the length of licences for mobile broadband spectrum to 20 years, announcing a review of the 2008 tower sharing and roaming policy, and examining options for liberalization of foreign investment restrictions in the telecommunications sector.
Today’s Federal Budget also outlined initiatives for many other areas of research in the fields of science and Read the rest of this entry »
posted in Business News, Government, National News By: Tami | Print This Post