A Crown AgencyA crown agency is a state-owned enterprise in the Canadian province of British Columbia. This includes any board, commission, railway, public utility, university, manufactory, company or agency which is owned, controlled or operated by the Queen in Right of B.C. or the Government of B.C., or under the authority of the Legislature or the Lieutenant Governor in Council., we represent the government of British Columbia and the people who make up our innovation ecosystemAn interconnected network of support, infrastructure, facilitators and peers in which innovators can thrive and interact. in every corner of our province. We are proud of the role the B.C. government plays in funding, supporting and building connections for innovators.
The Ministry of Jobs, Economic Development and Competitiveness manages government services that help support and maintain the strong and diverse economy that British Columbians need for long-term prosperity. It’s the ministry’s mandate to grow B.C.’s technologyScience or knowledge put into practical use to solve problems or invent useful tools. sector, champion innovationA new method, idea or product., nurture small businesses, support economic development throughout the province, and promote B.C. internationally as a preferred place to invest and do business. Innovate BC’s work supports the Ministry in achieving its mandate.
Governance & Board
The Lieutenant Governor, through Order-in-Council, appoints the members of Innovate BC’s Board and delegates the role of the Chair. The Board Chair reports to the British Columbia Legislative Assembly through the Minister of Jobs, Economic Development and Competitiveness. The Board of Directors has thirteen members, including the InnovationA new method, idea or product. Commissioner (an ex-officio member):
Helps the Board fulfill its obligations and oversight responsibilities relating to the audit process, financial reporting, corporate control systems and risk management. When required, it makes recommendations to the full Board for approval.
Governance and Board Nomination
Reviews Board policies and practices, ensuring Innovate BC fulfills its legislated mandate and implements effective due diligence over Innovate BC’s governance.
Human Resources and Compensation
Fulfils the Board’s responsibilities with respect to Innovate BC’s staff policies and practices.
Innovate BC’s Board has adopted the guiding principles outlined in the Province of British Columbia’s Governance Framework for Crown Corporations in establishing a framework from which to operate. These principles include:
stewardship, leadership and effective functioning of the Board; and
performance and value, innovationA new method, idea or product. and continuous improvement.