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.
Genome research receives major funding related to health, agriculture and environmental projects while Canadian Nuclear Labs pursue clean energy technologies for marine operations in Canada and internationally.
Canada needs a new set of indicators to more precisely measure the performance of its five superclusters, which would also enable policy-makers and government regulators to improve innovation practices and policies, says a new study by the Montreal-based Institute for Research on Public Policy.
Toronto-based MaRS Discovery District has proposed expanding some of its innovation components to Calgary. However, key players involved in exploratory talks say the $60-million “MaRS West” initiative will need to complement, not compete with, Calgary’s existing innovation entities and ecosystem.
Canada’s innovation superclusters are proving their value during the COVID-19 crisis and are well positioned to help lead the post-COVID economic recovery, the five superclusters’ CEOs told a Research Money webinar.