The new Canada Innovation and Investment Agency faces daunting challenges and will need political autonomy, be free to take risks in picking companies and sectors for funding, and have strong private sector support to succeed in increasing business R&D investment and innovation, say innovation and policy experts.
Topic: Industrial Research Assistance Program
The Liberals latest federal Budget takes aim at Canada’s perennial innovation problem with billions in new funding, including a new $15-billion Canada Growth Fund.
Ottawa announces over $550 million in federal research investments, the International Energy Agency reviews Canada’s energy policies, an international study details COVID-19’s impacts on children, MDA wins a second contract for a 2023 moon mission, and more.
The growth of Kraken Robotics, based in St. John’s, has been possible only with the financial investment and support of many federal and provincial government agencies, says Bill Donovan, senior program manager at Kraken.
Canada’s national climate plan needs a complementary approach focused on long-term public research and innovation to develop transformative Canadian technologies, including novel approaches to carbon management, Wilf Keller, Vice-President, Outreach at the Agri-food Innovation Council, says in an op-ed.
COVID-19 & HEALTH NEWS New projects are being funded by the Government of Canada‘s Immunization Partnership Fund, which received $64 million in 2020 to support vaccination coverage in Canada. The Indigenous Primary Health Care Council (North York) and the Women’s College Hospital (Toronto) will each receive up to $500,000 to promote vaccine uptake among clients…
Federal Budget 2021 included the government’s largest-ever investments in intellectual property and IP services, underscoring the importance of protecting and leveraging IP for Canada’s economic growth, according to IP experts and heads of innovation groups.
Innovation Science and Economic Development Canada, in a detailed response to growing criticisms, defends the federal government’s innovation performance, policies and programs.
The Short Report: Feds invest in mining sector, CSIS warns universities about China, new Supercluster projects, more COVID 19-related support for Indigenous businesses, University of Alberta geologist on Mars mission, and more.
The federal government is providing $1.2 billion in emergency funding to help startups and rural businesses survive the COVID-19 crisis. Participants in Canada’s innovation sector say government could also help by providing tax incentives, matching funding and loans for angel investment.