TORONTO—Canada performs below its innovation potential. We have exceptionally well-educated and creative people producing world-class research and a handful of innovative and growing firms making a mark on the world stage. Yet, innovation and commercialization across the economy more widely are lacklustre. Canadian firms continue to falter on business spending on research and development, technology adoption, and patent generation and protection. While previous analyses point to a range of structural, policy, and behavioural factors for Canada’s weak innovation performance, an overlooked explanation may be a persistent failure to adequately include, empower and reward a more diverse labour force of innovators and entrepreneurs.
By Schneider Electric’s Secure Power Division - Canada
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