Canada has launched its first patent collective to help data-driven clean tech companies understand, generate and strategically use intellectual property in scaling up. The Innovation Asset Collective, backed by $30 million in federal funding, includes a defensive “war chest” to help Canadian SMEs defend their patents in an often predatory global IP marketplace.
Topic: national IP strategy
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.
The federal government has created several initiatives since 2018 to bolster new knowledge generation, facilitate commercialization and support technology transfer at post-secondary institutions. Ottawa also has introduced five separate initiatives under Canada’s first-ever National IP Strategy, launched in 2018.
Canada needs a new innovation agency to support tech scale-ups and drive adoption of digital technologies across all sectors, says a new report by innovation policy expert David A. Wolfe.