The funding will be in effect from 2013-2016, and will be a 48% increase compared to 2009-2012. It was stated in the report that "funding will go toward summer and winter sport".
The main initiative of Own the Podium, who has offices in Calgary, Alberta and Ottawa, Ontario, is to determine and prioritize "funding for national sports organizations with the aim for delivering more Olympic and Paralympic medals for Canada."
Own the Podium chief executive officer Anne Merklinger spoke to www.examiner.com two weeks ago and was very pleased with how things were progressing leading up to the 2014 Olympic Winter Games in Sochi. Examiner readers can read the full interview here.
On Monday from Winnipeg, Canadian Olympic Committee president Marcel Aubut stated it was the COC's goal to win the overall medal standings at the 2014 Olympic Winter Games in Sochi.