Innovation, Science and Industry Minister François-Philippe Champagne is facing a very busy year, with a mandate letter from Prime Minister Justin Trudeau that includes more than 30 assigned tasks. They include establishing a new advanced research projects agency, launching a Canadian critical minerals strategy and a national quantum strategy and creating a global centre of excellence for eliminating methane gas emissions.
Organization: Global Advantage Consulting Group
More public sector support is needed to help Canadian companies generate and protect valuable intellectual property, because businesses are failing to exploit their IP and reap the economic benefits for Canadians, Daniel Katz, lead research analyst at Global Advantage Consulting Group, and Natalie Raffoul, managing partner of Brion Raffoul LLP, say in an op-ed.
As Canada and other countries look to the U.S. Defense Advanced Research Projects Agency (DARPA) as a model to drive innovation, it is vital to recognize that DARPA isn’t simply a “plug and play” model but requires a supportive, integrated ecosystem and an enabling culture, says Dr. Camille Boulet, PhD, senior partner at Global Advantage Consulting, in an op-ed.
Canada needs a national R&D spending target and a permanent process for building a better R&D innovation system to overcome its lagging innovation performance and fuel longterm economic growth, says David Watters, president and CEO of Global Advantage Consulting Group.
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.
Innovation experts and business groups are stepping up calls for the federal government to fix a “weak and out of balance” innovation ecosystem. Canada continues to lag other countries in innovation performance and productivity, according to international indexes.
Ottawa should admit it has an innovation performance problem and adopt solutions that include industrial sector strategies, innovation targets and an innovation strategy that is an export strategy.