Innovation is a highly competitive race
Research partnerships between industry and post-secondary institutions are a very important element to foster innovation and help Canadian companies compete in the global, knowledge-based economy. Kevin Lynch, vice-chair of BMO Financial and former clerk of the Privy Council has put it best: “The modern wealth of nations will be driven not only by physical […]
Canada falling behind global competitors when it comes to innovation
Despite having one of the most stable G7 economies since the global recession of 2009, Canada continues to fall behind other countries when it comes to innovation. The government has focused on tax credits as a means to incentivizing private sector research and development, but opposition critics say that the complexities of Canada’s innovation […]
Government must do better job of investing in innovation
“Discoveries in theoretical physics have driven huge practical innovations in fields like computing and electronics.” That was a phrase in a recent article noting that the Perimeter Institute in Waterloo had lured world-renowned theoretical physicist Xiao-Gang Wen away from the Massachusetts Institute of Technology. He will be the inaugural BMO Financial Group Isaac Newton […]
Canada needs policies to drive 21st century economy
In June, we saw troubling numbers from the most recent state of the nation report by the Science and Technology Innovation Council. Canada ranked last amongst OECD countries in direct research and development public funding, almost last in the number of patents developed, and second last in PhD graduates. R&D should be a productive engine […]
We want to realize Canada’s full potential
OTTAWA—It has become apparent in recent years that long-term economic competitiveness depends, as never before, on ideas and inventiveness. Innovation is key to our future economic success. In determining the right mix of elements to promote a thriving knowledge economy, however, there are a number of issues that need to be addressed. Innovation is […]
Goodyear says Canada must turn its lacklustre innovation record around
Gary Goodyear, minister of state for Science and Technology, says in this fragile world economic recovery, the federal government is focusing on creating jobs, promoting economic growth, and he is urging Canadian businesses to invest more in research and development. “The future standard of living of Canadian families is directly connected to how productive […]
Biotechnology
‘Everyone wants what Canada has,’ says leading biotechnology industry association
Canada’s leading biotechnology industry association says it’s boosting the country’s potential to capitalize on abundant natural opportunities, and strong research and development capabilities within our borders. President and CEO of BIOTECanada, Peter Brenders, praised biotech as the “technology that is going to solve all our problems,” noting that “it enables so much,” in industries […]
Canada’s current IP regime lags behind U.S., EU in protecting biotech research and development
While industry stakeholders readily acknowledge that progress has been made in the field of intellectual property (IP) law over the past 25 years, more is required for Canadian companies to truly compete with their American and European counterparts. As Rx&D President Russell Williams wrote in a Hill Times column, Canadian companies’ ability to garner […]
BIOTECanada’s goal: make Canada a biotech world leader by 2020
The biotechnology sector in Canada is on the verge of something very big, says BIOTECanada president Peter Brenders. “Biotech is the technology that is going to solve all the world’s problems,” Mr. Brenders told The Hill Times confidently, adding that Canada is poised to become a global leader in the industry if the right […]
