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Policy

Canada needs to own critical IP and data assets to inspire generational economic prosperity

By Jim Hinton      

Intellectual property is clearly important to world-leading technology champions, so why hasn’t IP been important enough to Canadians?

In November 2017, then-Google chairman Eric Schmidt, at an appearance at the Google Go North conference in Toronto with Prime Minister Justin Trudeau, thanked Canada for its contributions to artificial intelligence and machine learning. Screenshot courtesy of Twitter

Artificial intelligence (AI) and 5G are infrastructure layers for future technologies: 5G enables collection and use of data while AI unlocks the ability to extract value from that data. For Canada’s economic prosperity, we need strategic stewardship of Canada’s investment in these technologies. And that stewardship starts with Canadian firms owning the innovation assets—intellectual property (IP) and data.

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