|LEEF's objectives are to:
- Attract world-class researchers to BC
- Promote economic growth and job creation
- Strengthen BC's position as a centre of excellence in research
- Match government funding with money from the private sector and individual donors
- Promote the unique roles that our universities and colleges play in innovation for BC
On April 18, 2002, the Government of British Columbia launched the Leading Edge Endowment Fund to encourage social and economic development in B.C.
The Leading Edge Endowment Fund, based on a cost-sharing partnership with the private sector, will establish 20 permanent Leadership Research Chairs at public, post-secondary institutions across the province in the areas of medical, social, environmental and technological research. The Fund will also establish nine Regional Innovation Chairs to create opportunities in communities through B.C.'s colleges, universities and institutes.
Each Leadership Research Chair will receive a total endowment of up to $4.5 million, which will be cost-shared between government and the private sector - each contributing $2.25 million. Each Regional Innovation Chair will receive $2.5 million, government and the private sector each contributing $1.25 million.
The first chair awarded by the Leading Edge Endowment Fund has been for ICORD - Spinal Cord Research at UBC through the Rick Hansen Institute. This Leadership Research Chair was awarded $2.25 million in 2002.
Leadership Research Chair proposals are thoroughly reviewed by an International Review Committee comprised of people with a background in world-class research. The committee is chaired by Dr. Bernard Shapiro, former Principal and Vice-Chancellor of McGill University. Likewise, the Regional Innovation Chair proposals are reviewed by a panel chaired by Red Deer College's past President, Ron Woodward.
Both the Leadership Research Chairs and the Regional Innovation Chairs Programs will be administered by an independent society - also named the Leading Edge Endowment Fund.
Find out more about BCIC at the BCIC website.