Federal Budget 2021 included the government’s largest-ever investments in intellectual property and IP services, underscoring the importance of protecting and leveraging IP for Canada’s economic growth, according to IP experts and heads of innovation groups.
Topic: IP generation
Strategic Innovation Fund producing “significant benefits” for Canadians, ISED says
Research Money asked Innovation, Science and Economic Development Canada (ISED) to respond to four questions about criticisms of the Strategic Innovation Fund (SIF) program. In response, ISED says SIF is producing “significant benefits” for Canadians, including new jobs created, co-op placements and investment in R&D and new technologies.
Canada’s first patent collective launched with defensive “war chest” to protect Canadian IP
Canada has launched its first patent collective to help data-driven clean tech companies understand, generate and strategically use intellectual property in scaling up. The Innovation Asset Collective, backed by $30 million in federal funding, includes a defensive “war chest” to help Canadian SMEs defend their patents in an often predatory global IP marketplace.
Nation-wide, standardized approach needed to manage Canadian universities’ IP
Canadian universities’ approach to intellectual property should be standardized to benefit both researchers and industry. Canada’s chief scientist and the research granting councils could take the lead in this initiative.