SMA3: Each University’s Economic Impact Metric

Part of the Ontario Ministry of Colleges and Universities instructions to universities was to create an institutional economic impact metric and a definition. The metric should demonstrate the economic impact of their institution, using ministry established principles.

Here are the rough themes of what all 21 universities selected as their institution specif metric, to be weighted between 5% and 25% during the PBF effective period starting in 2022-23 (earlier weights will not have an effect on funding because of COVID-19).

Economic Impact on Ontario or Region(s)

  1. Lakehead University (All current, all alumni)
  2. Nipissing University (Students)
  3. Trent University (Non-local Students)
  4. University of Guelph (Students)
  5. University of Ottawa (Students)
  6. Wilfrid Laurier University (Ontario resident alumni salary)
  7. University of Windsor (Non-local Students)


  1. York University
  2. University of Toronto
  3. Ryerson University
  4. Queen’s University
  5. Carleton University

Co-op/Intern/Experience Related

  1. Brock University
  2. Laurentian University
  3. Université de Hearst
  4. University of Waterloo
  5. OTU (UOIT)

Invention Disclosures per AUTM Licensing Survey

  1. McMaster University
  2. Western University

International Student Enrolment

  1. Algoma University

Institutional Partners

  1. OCADu

Here’s the full list of Institutional-specific economic impact metrics, definitions and sources

Algoma UniversityInternational Student EnrolmentImpact of Fiscal Full Time Equivalent International EnrolmentAlgoma University Enrolment Data Collection; Statistics Canada/Global Affairs Economic Impact Multiplie
Brock UniversityCo-op, Nursing and Teachers Education practicum student placements in NiagaraAnnual count of Co-op student and practicum placements in the Niagara RegionBrock Co-op data warehouse: Practicum data housed by respective Faculty offices
Carleton UniversityNumber of New Companies with Carleton OriginNumber of companies founded with Principals directly connected to Carleton UniversityDoyleTech Corporation
Lakehead UniversityLakehead University’s Economic Impact on Ontario’s GDPEconomic impact of Lakehead’s students, staff, faculty, research activity, operations and alumni on the provincial economy, reflecting the importance of Lakehead’s local and regional role in Northwestern Ontario and Simcoe CountyLakehead University Economic Impact; Statistics Canada Input-Output model
Laurentian UniversityCo-op, Internships, Placements and PracticumsNumber of student course registrations in co-ops, internships, placements and praticums (local, national and international)Institutional Course Registration Data
McMaster UniversityInvention DisclosuresThe number of annual invention disclosures as reported in the Association of University Techonology (AUTM) Licensing SurveyAUTM Licensing Survey
Nipissing UniversityEconomic impact of students enrolled at Nipissing from outside North BayEconomic Impact of students enrolled at Nipissing from outside North Bay based on the following Ontario average household expenditures: food, rent and public transportationPFIS-USER, OUAC, Statscan table 11-10-0222-01 (Household spending, Canada, regions and provinces)
OCADuNumber of institutional partnersCount of partners with a fully executed agreement with the university which details the exchange of mutually beneficial benefits (e.g., cash, value in-kind of services or products, sponsorship, experience, access to talent, mentoring, research) with the exclusion of charitable gifts and business agreementsInstitutional reporting
Queen's UniversityInnovation and start-up ecosystemNumber of startups incubated or supported by a program/service offered by Queen's each fiscal yearOffice of Partnerships and Innovations and DDQIC, Queen’s University
Ryerson UniversityNumber of startupsNumber of startups present as reported to Canada Accelerator and Incubator Program(CAIP)/Campus Linked Accelerators (CLA) programs, and equivalent reporting after conclusion of these funding programsReports to Canada Accelerator and Incubator Program (CAIP)/Campus Linked Accelerators (CLA) programs
Trent UniversityEconomic Impact of Non-Local StudentsAnnual spending by full-time students who come to Trent's Peterborough campus from outside of the city of Peterborough and Trent's Durham campus from outside of the Regional Municipality of DurhamStatsCan Survey of Household Spending; PSIS-USER enrolment data
Université de HearstEnrolment numbers for internships (FTE)Number of registrants (FTE) in internshipsOffice of the Registrar, Université de Hearst
University of GuelphDirect Economic Impact of University of Guelph Student SpendingThe direct economic impact of non-local student spending on Ontario’s GDPUniversity Statistical Enrolment Report (USER), KPMG
University of OttawaStudent Economic ImpactThis metric quantifies annual spending by full-time out-of-province students who are living in OntarioUniversity Statistical Enrolment Report (USER), Ministry of Colleges and Universities, Census Data/Statistics Canada
University of TorontoUniversity of Toronto Supported Start-UpsThe number of start-ups being actively supported by incubators and campus-led accelerators across the University’s three campusesAnnual survey of the University's incubators and Campus Led Accelerators (CLA)
University of WaterlooCo-op EarningsTotal earnings by students on co-op work termsWaterloo Works
University of WindsorNon-Local Student Spending in the Windsor-Essex RegionThe economic impact of non-local students as a result of expenditures in the local economyKPMG Study
OTU (UOIT)Student placement contributions to local economic activityThe number of assessment based student work related placements placed in Durham/ Northumberland RegionInstitutional Experiential Learning Database
Western UniversityNumber of Active Revenue-generating Licenses/Option AgreementsRunning total of licences and/or option agreements (where the dollar value is $1,000 or more) and where the agreement is still in full force and effect (i.e.. where the term has not expired nor has the agreement been prematurely terminated)Association of University Technology Managers (AUTM) Canadian Licensing Activity Survey
Wilfrid Laurier UniversityLaurier Graduating Students' Impact on the Ontario EconomyFor each year, the number of students who graduate from Laurier who are staying to work in Ontario multipled by the average salary as per Laurier's Annual Graduate Outcomes SurveyLaurier's Annual Graduate Outcomes Survey
York UniversityStart-Up VenturesNumber of Start-up Ventures Supported by York University. A start-up venture is a for-profit, non-profit, or social enterprise created by a student, faculty member, alumni, or community member that obtains mentorship, education, or space from York University for a period of three months or equivalentStart-up ventures registered with Innovation York