Government needs smarter policies and regulations, not more R&D incentive programs, to support innovation, say business and innovator organizations.
Topic: Innovation Policy
A Statistics Canada report on foreign firms operating in Canada points to both crisis and opportunity for the country’s innovation ecosystem.
Ottawa launches a new program aimed at helping businesses across all regions in Canada to grow, expand into new markets and adopt new technologies.
Amid other fierce disputes leading up to the Quebec election on October 1st, the four main parties convened on September 10 to debate their positions on science, technology and innovation. The question of what role the private sector should play in publicly-funded research animated the debate.
While current innovation policy initiatives are implemented with strong focus, professionalism, and conviction, Canadian policy makers must continue to cast an eye forward to the longer term economic battlefront.
The supercluster initiative marks a new and positive step in Canadian innovation policy. It is more than a research granting exercise. Instead, it is one that is designed to ensure a clear reaching out to all parts of the research ecosystem in industry, non-profit organizations, academia and government.
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.
Several of the country’s largest institutional investors are finalizing an action plan that, if adopted, could halve the $4 billion capital gap that exists today for Canada’s rapidly expanding pipeline of early- and growth-stage companies.
R$ 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.