A Tax Court of Canada ruling that reduced a Montreal aerospace company’s federal Scientific Research and Experimental Development tax credits impacts the entire tech sector and further complicates a government incentive program already rife with problems and in need of reform, say innovation advocates.
Topic: Strategic Innovation Fund
Aerospace industry calls for more government support, despite significant public subsidies
Canada’s aerospace industry is calling for a national strategy for the sector and more government support for innovation. But critics argue that aerospace is already one of the most subsidized industrial sectors in Canada and, if can’t survive in the global marketplace without continuous public funding, should be allowed to die.
Opinion: It’s time for Canada to rethink its innovation policies and integrate its programs
Canada must rationalize its innovation programs and provide its research, development and innovation ecosystem with coherent direction as part of a plan for long-term economic growth, Dr. Camille Boulet, PhD, and Ömer Kaya at Global Advantage Consulting Group, say in an op-ed piece.
Government and industry push to make Canada preferred supplier in critical minerals market dominated by China
China currently dominates the global market for rare earth materials. Establishing a domestic rare earths industry in Canada will take a focused industrial strategy, more government support and greater private investment, say industry executives and academic and government researchers.
CMC Microsystems pitches Ottawa on $120-million chip manufacturing plan amid global shortage
Two separate groups are hoping to safeguard Canada against future semiconductor chip shortages. CMC Microsystems has applied for $120 million to expand domestic manufacturing capacity for niche applications, while a new semiconductor council has started work on a National Semiconductor Strategy and Action Plan.
The Short Report – May 12, 2021: Canada invests $80 million in cyber security, a Canadian-German clean tech collaboration, the third Arctic ministerial, and more
Ottawa invests $80 million to position Canada as a cyber security leader, German and Canadian institutes partner on material acceleration centre, the third Arctic Science Ministerial promotes Arctic science collaboration and Indigenous research priorities, and more.
After billions in funding, Strategic Innovation Fund failed to improve Canada’s innovation performance, experts say
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.
Oil and gas innovation network offers $80 million in clean technology competitions
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 a targeted industrial strategy to improve innovation performance, experts say
Canada’s continued poor performance in innovation and business productivity is due to a failure to link publicly funded research and innovation programs to an industrial strategy based on the country’s strengths, say innovation experts. Meanwhile, studies by University of Toronto researchers show the federal innovation agenda has negatively impacted funding for basic, investigator-driven research but hasn’t addressed the underlying problem of industrial innovation in Canada.
Oil and gas innovation network has yet to spend $80 million of federal funding for cleaner technologies
A pan-Canadian oil and natural gas innovation network has yet to spend the bulk of $100 million of federal funding on commercializing new, cleaner technologies, two years after Ottawa announced the funding and seven months after a contribution agreement was signed. The Clean Resource Innovation Network, which aims to produce the world’s cleanest hydrocarbons, plans to announce details of its planned three technology competitions by end of March 2021.
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