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.
Organization: Science and Economic Development
New federal strategy aims to ensure Indigenous governance of research
Canada’s Tri-Council of major government funding agencies and Indigenous partners across the country have co-developed a new Indigenous research strategic plan. The plan, which proposes a new interdisciplinary research and research screening model, represents a significant new approach by the federal government and a contribution to reconciliation. With implementation starting this spring, the strategy aims to ensure Indigenous peoples lead and control any research involving them.
Social science research project aims to accelerate commercialization in agri-food sector
The Global Institute for Food Security is providing $675,000 to the University of Saskatchewan for interdisciplinary social science research aimed at accelerating innovation-to-commercialization in Canada’s agri-food sector. The research will look at why some innovative technologies don’t get implemented and used, and how to improve social acceptance of new technologies.
Cisco invests $15M to expand operations in Western Canada
Cisco invests $15 million to expand its digital technology operations and enhance workforce education in Western Canada.
Ottawa invests $6M in Mississauga-based cleantech firm Imtex Membranes
Mississauga-based Imtex Membranes receives $6 million from Ottawa to scale up and demonstrate its gas-separating technology for petrochemical operations.
Feds invest $21 million to hasten commercialization at 16 Alberta high-tech companies
Sixteen Alberta high-tech companies share nearly $21 million in federal funding aimed at getting their innovative products to markets faster.
Feds beef up clean tech support with $700 million in BDC assistance
Details of the federal government’s $2.3-billion investment in clean tech – unveiled in the 2017 Budget — are emerging with an announcement by Business Development Bank of Canada (BDC) of $700 million over five years to allow the federal banker to assume a higher risk profile in its loans to business. The BDC investment is…
Narwhal List 2018: 2017 a good year as more tech firms on path to become unicorns
According to Narwhal List 2018 of Canadian private companies in technology, 2017 was so successful in attracting VC money that 2018 might see a few “narwhals” possibly maturing to become “unicorns.”
Government to consider expansion and greater coordination of digital research infrastructure
Canada’s digital research infrastructure (DRI) is fragmented, oversubscribed and underfunded, according to officials close to the file. Its precarious state compared to competitor nations comes at a time when more and more areas of R&D are becoming digitized and data driven while the size and complexity of data sets are increasing exponentially.
Supercluster contenders must include strategies for confronting the risks in managing diverse interests
Managing different organizations with varying interests and different sizes of financial commitment will require a change in culture for the companies and institutions engaged in the Innovation Supercluster Initiative (ISI) competition. Governance and managing millions of dollars in government funds matched by industry are among the key challenges and risks ISI contenders will face, according to panelists at the recent Canadian Science Policy Conference