Colleges and institutes contribute to the research and innovation cycle in Canada through applied research. More specifically, they directly contribute to applied research through enhanced research infrastructure, involvement of faculty and students, and the creation of partnerships with the business, industry and social innovation sectors. Colleges and institutes receive the majority of their funding from the Government of Canada.
For the 2013-14 fiscal period, $85,124,512 were granted, up 19% from the previous year. At $78,275,654, funding from the private sector rose 9% from 2012-13 levels, making it the second greatest source of external funding for applied research.