CANARIE releases economic benefits analysis

Guest Contributor
November 11, 2011

A report commissioned by CANARIE demonstrates that every $1 of federal investment in the high-speed research and education network generates nearly $3 in economic benefit. The report by Nordicity Group Ltd and Bytown Consulting concludes that the federal government's average annual investment of $28.2 million generates $80.3 million to Canada's gross domestic product. That breaks down into highly qualified personnel ($13.3 million), increased research productivity ($11.9 million), commercialization of products and services ($7.5 million), network cost savings for research institutions ($5.9 million), spillover effects of R&D funding ($14.8 million) and direct spending by CANARIE ($27 million). The economic impact analysis was based on a literature review, an on-line survey and a review of empirical research on the relationship between R&D outputs and economic performance. CANARIE's five-year mandate ends March 31/12 and it is currently seeking renewal for another five years….


Other News






Events For Leaders in
Science, Tech, Innovation, and Policy


Discuss and learn from those in the know at our virtual and in-person events.



See Upcoming Events










You have 1 free article remaining.
Don't miss out - start your free trial today.

Start your FREE trial    Already a member? Log in






Top

By using this website, you agree to our use of cookies. We use cookies to provide you with a great experience and to help our website run effectively in accordance with our Privacy Policy and Terms of Service.