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Policy Briefing: Innovation

Is innovation policy an oxymoron?

Innovation still is not truly central to, and at the heart of, the dealings of our elected governments.
We are lagging in innovation and productivity. Economists warn of the dangers of ignoring the trend lines, but the prescription to solve the problems is not universally agreed upon.
Supporting valuable connections between academia and the private sector are crucial to sparking innovation and driving the economy.
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.
As the government looks to spur productivity through tax credits, opponents say it’s time to invest in key drivers of innovation.
If not, our standards of living will stagnate and we’ll be unable to afford important programs such as healthcare as the baby boom generation enters retirement.
We ignore the alarm bells at our peril. While most of the world’s innovating nations are increasing resources for R&D, total financial resources in Canada have actually decreased. 
Guided by the S&T Strategy, our goal is to establish the necessary conditions and institutional components to meet the challenges of the 21st century and build a strong knowledge-based economy.
Or else, Gary Goodyear, Canada’s minister of state for science and technology, says it will affect the standard of living and quality of life.

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