Alberta Innovates has launched a new program called Accelerating Innovations into CarE (AICE)-Concepts that provides funding to help early-stage entrepreneurs commercialize digital health technologies.
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.
The superclusters should be assessed by a broad innovation policy framework and with a longer time frame than their initial five-year mandate, says John Knubley, the former deputy minister of Innovation, Science and Economic Development Canada who was responsible for the creation of the superclusters initiative.
Nearly $3.4 billion in federal spending through the Strategic Innovation Fund (SIF) during the last three years has failed to improve Canada’s “disastrous” innovation performance and productivity, say some innovation and policy experts. An analysis by Research Money of SIF data shows that Ontario, Quebec and foreign-based firms have received the lion’s share of SIF funding.
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.
The Clean Resource Innovation Network (CRIN) is making up to $80 million in federal funding available through oil and gas industry challenges to accelerate the development and commercialization of clean technology.
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.
Small and medium companies are hiring more employees, partnering with larger firms and expanding into new markets as a result of their participation in Canada’s superclusters.
Surveillance border study at Toronto’s airport continues to track international travellers for COVID-19; the Canadian Space Agency supports the launch of two lunar technology payloads to the moon.