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.
Topic: foreign multinationals
Opinion: Stop putting “lipstick” on Canada’s innovation mess and solve early-stage funding gap
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.
Federal government must improve “catastrophic” innovation performance, say innovation experts and business groups
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.