The year-end reports have all been issued and the findings for Canada aren’t particularly encouraging. Despite rhetoric to the contrary, Canada’s quest to become an innovation nation is going nowhere fast with the trend lines for key indicators going down rather than up.
Boost to growing mining cluster
Sudbury’s quest to become a major centre of mining R&D received a significant boost with a decision by Rio Tinto to invest $10 million in a Centre for Underground Mine Construction (CUMC), the fifth and final centre in its global research network.
US exceeds $400 billion for first time
Industrial R&D spending in the US in 2011 is expected to increase 3.4% to $265.4 billion, an annual growth of about half the rate experienced between 1981 and 2008 but enough to lift overall R&D funding above $400 billion for the first time in history.
Countries need to be wary of cutting expenditures on science, technology and innovation (STI) in the name of fiscal belt tightening, says a new report from the Organisation for Economic Co-operation and Development (OECD).
Canada could profit from studying Australia’s approach to innovation
By Peter Calamai
It is possible for a middle-ranked OECD country to craft a rational approach to research and innovation through open and informed consultation among scientists, government officials and the interested public.
Innovation 2010 Conference
The financing dilemma facing innovative Canadian companies must be confronted and solved to reverse the flight of global capital to emerging nations, says a panel of entrepreneurs and investors at the recent Innovation 2010 conference in Ottawa.
Ottawa’s decision to support a $1-billion R&D program at Pratt & Whitney Canada (P&WC) to develop new engine technologies has reignited the perennial policy debate over government support for some of Canada’s largest companies and corporate R&D players.
By Dr Robert Luke
If Canada is to compete in the global innovation economy, we must increase and improve our capacity for innovation and productivity. To do this we need to take research from ideas to invoice: we must craft an Innovation Policy that encourages firms to invest in R&D and provides an “any point of contact” entry to link industry with our postsecondary institutions (PSIs).