Research Money asked Innovation, Science and Economic Development Canada (ISED) to respond to four questions about criticisms of the Strategic Innovation Fund (SIF) program. In response, ISED says SIF is producing “significant benefits” for Canadians, including new jobs created, co-op placements and investment in R&D and new technologies.
Topic: R&D investment
Canada’s Top 100 corporate R&D-performing companies far exceeded 2017’s outlays, jumping from a 0.07% to a 10.6% increase in R&D spending in 2018. But big R&D champions remain scarce.
Clean Resource Innovation Network (CRIN) was allocated $100M in the federal budget, and is aiming to make Canada the world’s cleanest oil and gas producer.