Canada needs a targeted industrial strategy to improve innovation performance, experts say

Mark Lowey
March 17, 2021

Canada's continued poor performance in innovation and business productivity is due to a failure to link publicly funded research and innovation programs to an industrial strategy based on the country's strengths, say innovation experts. Meanwhile, studies by University of Toronto researchers show the federal innovation agenda has negatively impacted funding for basic, investigator-driven research but hasn't addressed the underlying problem of industrial innovation in Canada.

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Organizations: 3M Canada, AUTM, Business Council of Canada, Canadian Advanced Technology Alliance, Council of Canadian Innovators, General Motors of Canada, Global Advantage Consulting Group, Government of Canada, IBM Canada, National Aeronautics and Space Administration, National Research Council, Natural Sciences and Engineering Research Council of Canada, Organisation for Economic Co-operation and Development, Public Policy Forum, Statistics Canada, Suncor Energy, Syncrude Canada, U.S. Defense Advanced Research Projects Agency, UK Government, University of Toronto, and World Intellectual Property Organization
People: Benjamin Bergen, Dr. (PhD) Arvind Gupta, Dr. (PhD) Creso Sá, Emina Veletanić, Ömer Kaya, Robert Asselin, Royce Mendes, Sean Speer, and Suzanne Grant
Topics: Applied Research, business spending on R&D, Canada's superclusters initiative, Canadian universities, commercialization of Canadian IP by foreign firms, federal innovation programs, forestry industry, freedom to pursue research, Global Innovation Index 2020, government spending on R&D, higher education spending on R&D, human capital and research, impact of innovation agenda on basic research, Industrial Assistance Program, industrial innovation in Canada, Industrial Strategy, industry-driven research, intellectual property licensing revenues, metals and mining industry, new technologies and products, NSERC Collaborative Research and Development program, NSERC Discovery grant, NSERC Strategic Partnership Grants, NSERC's allocation of research funding, oil and gas industry, procurement policy, publicly funded research, research and innovation, research institutions, researcher-driven research, return on research investment, Scientific Research and Experimental Development tax credit, Strategic Innovation Fund, subsidiaries of foreign firms, technology, and university-industry research collaboration

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