The federal government has been afforded a timely opportunity to move the markers on innovation with the latest recommendations from the Advisory Council on Economic Growth
Topic: Innovation Agenda
The Advisory Council on Economic Growth says Canada must choose a small number of promising sectors for growth as the US, UK, New Zealand and Australia have done with varying degrees of success. And while the council does not provide a specific list, it does single out agriculture and food, energy and renewables, mining and metals, healthcare and life sciences, advanced manufacturing, financial services, tourism and education as the best bets.
The creation of two large funds aimed at scaling high-growth tech firms is among the recommendations contained in the second wave of reports from the Advisory Council on Economic Growth. The funds would target what the panel describes as bottlenecks in the innovation ecosystem – early- and expansion-stage companies as well as established small- and medium-sized enterprises (SMEs) with high impact potential.
R$ publisher, Dr. Jeffrey Crelinsten recently spoke with Dr. Patry about CFI, the challenges of being an entrepreneur in Canada and the government’s pending innovation agenda.