Ontario 2002 : a report of the Task Force to Review the Ontario Technology Fund in the Context of an Innovation-Based Society to the Premier's Council on Economic Renewal

148 Pages·1993·7.8 MB·English

by  Mustard, J. F

ONTARIO 2002
A report
of the
i
Task Force to Review the Ontario Technology Fund
in the
Context of an Innovation-Based Society
to the
PREMIER'S COUNCIL ON ECONOMIC RENEWAL
. ; i\/
February, 1993
/
Ontario
Premier's Council on Economic Renewal
The views presented in this document are those of the Premier's Council Task Force
to Review the Technology Fund in the Context of an Innovation-Based Society and
are not necessarily those of the Premier's Council on Economic Renewal or the
Government of Ontario.
It is important to emphasize that this is a report to the Premier's Council and not a
report of Council. A draft of this report was presented to the Council on May 1, 1992.
A revised version reflecting the Task Force's final recommendations was presented
to Council on September 25, 1992.
ONTARIO MINISTRY OF
TREASURY AND ECONOMICS
Premier’s Council Conseil du premier ministre 1 Dundas Street West 1, rue Dundas ouest
25th Floor 25® stage
on Economic sur le renouveau
Toronto, Ontario Toronto (Ontario)
Renewal economique M7A1Y7 M7A1Y7
[phone] [phone]
Fax: [phone] Telecopieur: [phone]
Introduction by the Deputy Minister
I am very pleased to introduce this report which was submitted to the Premier's
Council on Economic Renewal by the people who have come to be known as the
Tech Fund Task Force of the Council.
This report is being published to promote discussion of the issues the task force
considers to be important to the future prosperity of Ontario.
The authors of the report have presented us with a vision of Ontario ten years from
now. They describe an Ontario economy that depends on innovation for the
creation of wealth to a far greater extent than is the case today. The vision reveals
the outline of a design for the institutions and relationships required to make such
an economy work.
To make their points, the authors have resorted to the interesting device of
reporting the presentation given by the Premier of the day to a meeting of the
Premier's Council in 2002. The report returns to the present to recommend actions
which should be taken now to move us toward the vision.
Several of the recommendations have already been accepted, and are being acted on.
They are referred to in the text.
In particular. Recommendation No. 22 was accepted on the spot at the meeting of
the Premier's Council on Economic Renewal in September, 1992. The publication of
this report is the outcome of that meeting.
With the publication of Ontario 2002, the Tech Fund Task Force has ended its work
and is dissolved. Its momentum will be maintained by the two task forces which it
proposed in recommendations No. 2 and No. 6.
It remains for me to express my personal gratitude to all the individuals from
outside government who served on the Tech Fund Task Force as volunteers, and
particularly to Dr. Fraser Mustard. Their generous donation of time and attention to
the work of the Premier's Council is eloquent testimony to their belief in its
importance for the future prosperity of the province.
Ontarians working in Partnership fora Better Quality of Life / Les Ontariens et les Ontariennes unissent leurs efforts pour ameliorer la qualite de la vie
I also wish to acknowledge the contributions of the members of the Ontario Public
Service who joined in the work of the Tech Fund Task Force. Their interest and
participation in it will help government translate the task force's recommendations
into appropriate actions.
Finally, I wish to invite the reader to join the discussion on Ontario's future by
making comments about Ontario 2002. Written comments sent to me at the above
address would be most helpful because they would help us keep an accurate record
of the ideas submitted.
T. A. Brzustowski
Deputy Minister
Premier's Council on Economic Renewal
ONTARIO 2002
A report
of the
Task Force to Review the Ontario Technology Fund
in the
Context of an Innovation-Based Society
to the
PREMIER'S COUNCIL ON ECONOMIC RENEWAL
February, 1993
Ontario
Premier's Council on Economic Renewal
Table of Contents
1. Introductory Remarks by the Chair. 1
2. The Vision of Ontario in 2002: Presentation by the Premier of the Day . 9
Well-being. 11
Wealth Creation. 17
Geographic Diversification of Ontario's Exports. 26
The Structure of Employment. 27
New Approaches. 30
The Need for Fundamental Change . 30
Codetermination. 31
Labour-Management Relations. 32
The Natural Environment. 34
Remaining Issues and Future Priorities . 35
3. How We Got There (Premier's Presentation continued). 36
Developing the Technology Fund . 38
Strategic Goals for Ontario . 40
Immediate Actions to Encourage Investment . 43
Strategic Opportunities for Ontario. 43
Structural Change in Government. 47
Evolution of the Technology Fund. 49
Development of Innovative Business Enterprises (IBEs). 51
Financing Innovation and IBEs. 53
Measuring Return on Investments in an Innovative Society.. 54
Concluding Remarks. 55
4. Key Steps to Take Now to Get to the Vision of 2002 . 56
Strategic Goals for Ontario. 58
Developing a Strategic Plan for Wealth Creation in Ontario . 59
Evolution of the Task Force . 59
Strategic Opportunities. 60
Transition to an Innovation-Based Society . 67
Evolution of the Technology Fund. 71
Publication of Ontario 2002 . 77
5. Appendices. 78
1. Background 79
2. Acknowledgements . 86
3. Background on Key Concepts . 89
4. Ontario's Technology Fund. 97
5. Summary of Recommendations. 116

1. Introductory Remarks by the Chair
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