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.
Topic: post-COVID economic recovery
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.
Federal, Alberta and municipal governments are jointly providing $2.25 million to launch Canada’s first industrial hydrogen hub in the Edmonton region. Initial funding for the hub is seen as the first step in creating what Ottawa envisions will be a $50-billion Canadian clean hydrogen sector.
Canada needs to stop putting “lipstick” on Canada’s innovation mess and solve the funding gap for early-stage entrepreneurs and SMEs, Michael Nitefor, president and founder of Air Lab, Inc., says in an editorial.
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.
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.
Canada’s SMEs will be crucial to the post-COVID economic recovery, but they need improved government policies and incentives to secure intellectual property, successfully scale up and increase exports globally, says a new report by the Information Communications and Technology Council.
The St. John’s, Newfoundland-based tech startup Avalon Holographics launched its first-generation prototype display; the federal government will launch the first round of its $300-million Housing Supply Challenge, focused on the provision of reliable housing data; Alberta Premier Jason Kenney put Doug Schweitzer at the head of his new ministry of Jobs, Economy and Innovation; and more.
Ottawa and Alberta are working together and with other governments, industry, researchers and innovators to build a transformative clean “hydrogen economy” in Canada.
A new $108.5-million technology and agri-food research and innovation network, supported by the federal government and industry, is expected to begin operations by the end of this month. Alberta Innovates’ Inventures conference also highlighted a new $40 funding challenge from Emissions Reduction Alberta to accelerate technology innovation in agriculture, agri-food and forestry.