Innovation Paper outlines details of proposed federal strategy for future investment in knowledge-based economy

The release of the much anticipated Innovation Paper is now expected early in the new year, but RE$EARCH MONEY has obtained a draft copy which provides considerable insight into how the federal government plans to implement its strategy for making Canada one of the world’s most innovative societies. The Paper is being positioned as a consultation document, but in the meantime it indicates that Ottawa is prepared to move on a variety of fronts by building on existing programs.

Commercialization, highly qualified personnel and enhancement to the so-called innovation environment all appear to be areas where prompt action may occur. And a series of 12 Priorities for Action outline initiatives that have the best chance of receiving new investment .

It’s difficult to determine whether there will be significant changes made to the contents or focus of the Innovation Paper before being released. Further revisions are currently being made at the Privy Council Office and recent economic and military events have made the situation extremely volatile, meaning changes could be made up until its actual release.

The draft copy is more or less complete, however, and demonstrates that the government has been listening to the concerns and suggestions of the academic, business and public sectors, and is willing to consider dramatic changes and major new investments in S&T.

Inside this issue, RE$EARCH MONEY provides an advance glimpse of the Innovation Paper. See pages 7 & 8.

R$