Government of Canada – Innovation, Science and Economic Development. (ISED)
Innovation, Science and Economic Development Canada (ISED), is the department of the Government of Canada with a mandate of fostering a growing, competitive, and knowledge-based Canadian economy. ISED specifically supports Canadian innovation efforts, trade and investment, enterprise growth, and customised economic development in Canadian communities.
ISED has three core responsibilities. These responsibilities are to oversee Canadian companies, investment and growth; people, skills and communities; and science, technology, research and commercialisation. It addresses these responsibilities by doing work in four areas. These areas are research and development; economic development; market integrity, regulation, and competition; and internal services. This work is done by distributing grants and contributions, providing programs and services, managing federal activities, and overseeing relevant regulation and legislation.
In order to fulfil this mandate among other responsibilities, ISED works in partnership with several organisations to address a broad and diverse range of economic variables across Canada. These organisations focus on specific geographic regions or economic variables with the collective goal of strengthening the Canadian economy.
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There are six regional development agencies under ISED’s portfolio which provide tailored support suited to the strengths and needs of different areas of Canada. These agencies include: the Atlantic Canada Opportunities Agency, Canada Economic Development for Quebec Regions, Canadian Northern Economic Development Agency, Federal Economic Development Agency for Southern Ontario, Federal Economic Development Initiative for Northern Ontario, and Western Economic Diversification Canada. ISED is also associated with a number of special operating agencies, shared-governance corporations, departmental corporations, crown corporations, departmental agencies and a joint enterprise.