Canadians needs to “embrace the entrepreneur” and invest in the innovation ecosystem to make Canada a leader in the digital economy, says Perry Kinkaide, a former public servant, corporate executive and manager of Kinkaide Enterprises Inc., in an opinion piece.
Topic: Canada's superclusters initiative
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.
Small and medium companies are hiring more employees, partnering with larger firms and expanding into new markets as a result of their participation in Canada’s superclusters.
Strong industry leadership without burdensome government bureaucracy will be key to Canada’s superclusters’ success, R$ conference hears.