This document provides an overview of the 17 universities in the Province of Ontario, describing undergraduate and graduate program offerings, sources of operating income and research funding, and linkages between the universities and the private sector. The first section includes a discussion of the appraisal process used to assess both graduate and undergraduate academic programs. The second section, on research assessment, explains the self-regulated monitoring process that governs the accountability relationship between the universities and the provincial government. Sub-sections consider: assessment of individual researchers, assessment of research through the three federal granting councils, performance indicators for research, a research funding infrastructure envelope, the Ontario Centres of Excellent Program, the Ontario Research and Development Challenge Fund, and the Canada Foundation for Innovation. The final section discusses technology transfers in sub-sections on: industry pull, technology push, resources required for effective technology transfer, and institutional research performance indicators. (CH)