When the federal government has money to spend on innovation, municipal leaders are often quick to vie for some of it in hopes of creating their own local hubs of innovation. Many cities are trying to replicate the innovation boom that happened in California's Silicon Valley and, to a certain degree, in Ontario's Kitchener-Waterloo region. “It is kind of a fad and a bandwagon," said James Brander, a professor of economics at the Sauder School of Business at the University of British Columbia.
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