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.
Organization: Canadian Federation of Independent Business
“Tens of thousands” of Canadian SMEs could go under without faster government help, innovation and business groups warn
Some of Canada’s 12,000 Canadian-owned small tech and innovative companies have already folded while others are being bought at fire-sale prices by large U.S. companies. Unless the government takes stronger measures, things will get worse, business leaders say.
Canada’s fastest-scaling private companies linked to cities with tech clusters
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.
Business groups urge fewer R&D incentive programs and smarter policies to support innovation
Government needs smarter policies and regulations, not more R&D incentive programs, to support innovation, say business and innovator organizations.