Organization: Innovation

After billions in funding, Strategic Innovation Fund failed to improve Canada’s innovation performance, experts say

Nearly $3.4 billion in federal spending through the Strategic Innovation Fund (SIF) during the last three years has failed to improve Canada’s “disastrous” innovation performance and productivity, say some innovation and policy experts. An analysis by Research Money of SIF data shows that Ontario, Quebec and foreign-based firms have received the lion’s share of SIF funding.

Strategic Innovation Fund producing “significant benefits” for Canadians, ISED says

Research Money asked Innovation, Science and Economic Development Canada (ISED) to respond to four questions about criticisms of the Strategic Innovation Fund (SIF) program. In response, ISED says SIF is producing “significant benefits” for Canadians, including new jobs created, co-op placements and investment in R&D and new technologies.

Oil and gas innovation network has yet to spend $80 million of federal funding for cleaner technologies

A pan-Canadian oil and natural gas innovation network has yet to spend the bulk of $100 million of federal funding on commercializing new, cleaner technologies, two years after Ottawa announced the funding and seven months after a contribution agreement was signed. The Clean Resource Innovation Network, which aims to produce the world’s cleanest hydrocarbons, plans to announce details of its planned three technology competitions by end of March 2021.

Canada’s first patent collective launched with defensive “war chest” to protect Canadian IP

Canada has launched its first patent collective to help data-driven clean tech companies understand, generate and strategically use intellectual property in scaling up. The Innovation Asset Collective, backed by $30 million in federal funding, includes a defensive “war chest” to help Canadian SMEs defend their patents in an often predatory global IP marketplace.