Canada’s innovation ranking over the past two decades has not improved, according to the latest OECD data. Let me express alarm in the situation as publicly funded research is an important contributor to innovation.
Environmental and clean technologies are contributing to the Canadian economy, accounting for 3% of the gross domestic product and employing more than a quarter of a million, according to the first ever set of data released by Statistics Canada last month.
Almost a billion dollars in taxpayers’ funds are the carrot that the federal government hopes will bring industry and other stakeholders together to talk to each other and tap into each other’s resources to boost the Canadian economy through innovation. That’s the logic behind the $950-million Innovation Supercluster Initiative (ISI) which is heading into the final stretch of the two-phase selection process for between three and five winners.