More public sector support is needed to help Canadian companies generate and protect valuable intellectual property, because businesses are failing to exploit their IP and reap the economic benefits for Canadians, Daniel Katz, lead research analyst at Global Advantage Consulting Group, and Natalie Raffoul, managing partner of Brion Raffoul LLP, say in an op-ed.
Topic: publicly funded research
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.