As Department of Finance Canada conducts an internal review of the SR&ED program, innovation advocates and business consultants say Canada’s largest funding program for incenting R&D by the private sector is “broken” and needs a major overhaul.
Person: Kenneth J. McKenzie
Expert panel debates effectiveness of direct R&D funding vs. SRED tax credits
The number of direct government funding programs in Canada aimed at increasing private sector R&D and innovation has tripled during the last three years, despite a lack of scientific evidence showing such support is effective.