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Federal government doubles funding to $10 million for Next Gen athletes program
The matched funding will lift annual public-private support for emerging Olympic and Paralympic athletes to more than $20 million, officials said.
On Thursday, the federal government doubled its investment in the Next Gen program from $5 million to $10 million, with the Canadian Olympic Committee and Canadian Paralympic Committee committing to raise matching funds, bringing total annual public-private investment to more than $20 million.
Secretary of State for Sport Adam Koeverden championed the Playground and Podium mission since 2025 to support emerging athletes. This announcement follows last week's $60 million federal injection for more than 60 national sports organizations addressing a chronically underfunded system.
Olympic and Paralympic athletes have benefited significantly from Next Gen support: 62 per cent of Canada's Olympians at the Milan Cortina Games and 65 per cent of Paralympic athletes utilized the program, combining for 118 medals across both competitions.
The matching model encourages private sector involvement, following energy company Capital Power's $25 million partnership with Alpine Canada. "Corporations, if you want to step up, we'll find ways to match that," Capital Power chief corporate officer Ferio Pugliese said.
Sitting Paralympic athlete Heidi Peters called the funding "essential" for enabling training between competitions. Sport funding will be discussed Nov 9–10 in Ottawa at a national summit expected to draw hundreds seeking to advance the sector.