Purveyors of 5G hardware are eager to tell us how important this technology will be for Canadian innovation, but new goods and services arising from this technology are likely to come from its users, not necessarily its manufacturers. Although the Chinese firm Huawei was banned as a manufacturer, it remains an active partner with many of the early adopters of 5G systems, which raises questions about whether Canadians will enjoy any of the economic benefits generated by innovation carried out and supported by Canada. It is a tale as old as the inventor of fire, who reaped few rewards compared with those learned how to work with fire.
Organization: Huawei Canada
Canadian companies’ R&D spending grew 1.3% in 2016 to reach $12.8 billion, according to a report of Top 100 Corporate R&D Spenders by Research Infosource Inc. By comparison, R&D spending increased by 6.9% between 2014 and 2015.
R&D spending Canadian companies grew at a modest 1.3% in 2016 to reach $12.8 billion, according to a report of Top 100 Corporate R&D Spenders. The growth in FY16, however, pales in comparison to the 6.9% increase between 2014 and 2015.