This is from APEC’s commentary on the federal budget:
The Atlantic Canada Opportunities Agency (ACOA) is being given $19 million per year, starting in 2010-2011, to extend its Atlantic Innovation Fund (which provides funding for businesses and research institutes to develop and commercialize new technologies) and to support its Innovative Communities Fund (which helps communities adapt to new economic realities and opportunities). However, this announcement appears to imply a substantial reduction in funding. Launched in 2001, the original Atlantic Innovation Fund provided $300 million over 5 years, which was renewed at the same level of funding in 2005. Neither was there any announcement to renew the broader Atlantic Investment Partnership which also included funding for trade and investment initiatives.