Canada needs “massive” investment in education, transformative learning and innovation programs for young people to support the country’s economic diversification, Cassy Weber, CEO of MindFuel, says in an opinion piece.
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.
The superclusters should be assessed by a broad innovation policy framework and with a longer time frame than their initial five-year mandate, says John Knubley, the former deputy minister of Innovation, Science and Economic Development Canada who was responsible for the creation of the superclusters initiative.
In this week’s The Short Report, the Government of Alberta contributes $20 million for vaccine R&D, a Canadian Infrastructure Bank invests in Ontario’s energy grid, 5G wireless tech to increase safety and reliability in the mining industry, Palette Skills leads consortium to address talent gaps in a post-COVID economy, and more.
The Clean Resource Innovation Network (CRIN) is making up to $80 million in federal funding available through oil and gas industry challenges to accelerate the development and commercialization of clean technology.
The Brookfield Institute and the Munk School of Global Affairs produce an online tool to monitor data and analysis of Canada’s inclusive innovation system; U of T and Denmark’s Novo Nordisk A/S invest $40 million on supporting healthier urban populations and finding solutions for chronic illnesses, and more.
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.
Innovation Science and Economic Development Canada, in a detailed response to growing criticisms, defends the federal government’s innovation performance, policies and programs.
Toronto-based digital accelerator Bay Street Diary and India Network have teamed up to establish a US$100-million venture capital fund for entrepreneurs and startups in Canada and India.
The University of Calgary has created Canada’s first pre-seed and seed-stage investment fund for spinoffs focused on child health. The new “UCeed” investment program also includes one of the country’s few private equity funds managed by students.