In a recent report for the Brookfield Institute for Innovation + Entrepreneurship, Sheldon Levy, special advisor to the federal minister of small business and export promotion, argued that government should identify and support select firms with high potential to become global competitors. “There are many countries that have to pick their laneway and can’t be the best at everything all the time,” Levy told Research Money.
Topic: Scale Ups
To recognize the annual United Nations World Oceans Day (June 8) and its theme “One Ocean, One Climate, One Future – Together,” Research Money spoke with Kendra MacDonald, CEO of Canada’s Ocean Supercluster, about the opportunities and challenges in growing the country’s ocean economy and the Ocean Supercluster’s activities.
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.
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.
Toronto-based MaRS Discovery District has proposed expanding some of its innovation components to Calgary. However, key players involved in exploratory talks say the $60-million “MaRS West” initiative will need to complement, not compete with, Calgary’s existing innovation entities and ecosystem.
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.
Tech clusters and Canadian cities with top tech markets attract the country’s fastest-scaling tech firms, according to research. But Canadian SMEs continue to face challenges scaling up.
The scaling-up challenges faced by an innovative Alberta company.
Emissions Reduction Alberta-Business Development Bank of Canada offers easier and timely access to funding for innovative greenhouse gas-reducing technologies.