The new Canada Innovation and Investment Agency faces daunting challenges and will need political autonomy, be free to take risks in picking companies and sectors for funding, and have strong private sector support to succeed in increasing business R&D investment and innovation, say innovation and policy experts.
Organization: U.S. Defense Advanced Research Projects Agency
The Short Report – Sept. 15, 2021: COVID-19’s financial impact on universities, boosting biotherapeutics manufacturing, and more
A new biomanufacturing partnership will boost Canada’s manufacturing capacity, projecting pandemic-induced revenue loss for Canada’s universities, IPIC makes pre-budget recommendations, and more.
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.