In 2000, the Government of Canada created the Canada Research Chairs (CRC) program, a permanent program to establish 2000 research professorships - Canada Research Chairs - in eligible degree-granting institutions across the country.  The Canada Research Chairs program invests $300 million per year to attract and retain some of the world's most accomplished and promising minds.  Allocation of Chairs to individual universities is based on the funding received by researchers from the three federal granting agencies – CIHR, NSERC and SSHRC – in the three years prior to the year of the allocation.