According to a “preliminary assessment” report by the Parliamentary Budget Officer, the five federally funded innovation superclusters are unlikely to attain goals for job creation and GDP growth. But the superclusters’ CEOs told Research Money the report is based on outdated data and that it’s too early to assess the superclusters’ long-term outcomes.
Topic: Innovation Policy
More than 550 members of Alberta’s innovation system call on the UCP government to act on an expert panel report to help the province’s struggling tech sector.
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.
Alberta’s United Conservative Party government says innovation is still a priority—it just won’t be funded through a provincial carbon tax.
The federal government has shrunk the number of innovation programs it offers, but there’s still ample funding and opportunities available, government officials say.
Canada is stuck in “a supply-side policy silo” that stifles innovation: IRPP study
Canada’s innovation ecosystem needs major cultural and structural changes to adequately support mid-tier firms with the potential to be global champions.
Better government policy and sustained financing from Canada’s big banks needed to grow scaleups into global firms.
Government needs smarter policies and regulations, not more R&D incentive programs, to support innovation, say business and innovator organizations.
A Statistics Canada report on foreign firms operating in Canada points to both crisis and opportunity for the country’s innovation ecosystem.