We often hear about how well Canadian scientists perform, given the relatively meagre amounts of funding they receive. “We punch above our weight,” they say. “We are lean and efficient.” We also hear about the innovation gap, and how our great scientific achievements do not result in enough commercial activity and wealth generation. However, what policy-makers don’t seem to understand is that closing that innovation gap will depend not just on the amount of investment in research and development, but perhaps more importantly, how that investment is structured.
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