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Policy Briefing: Innovation

We need to bring people together to turn research into innovation, innovation into enterprise

It is an exciting time to be in the innovation game in Canada. We have all the key elements to boost our standing in the global innovation race.
We need to provide a foundation for important, urgent and feasible actions that, collectively, work towards a more systematic approach to innovation policy-making.
The muzzling of federal government scientists, death of evidence, and assault on reason that has been played up in the press and elsewhere has glossed over yet another dimension of closed access to citizens; open, well-informed national science policy advice.
By creating an environment that fosters innovation, and investing wisely, Canadian health care and the Canadian economy can reap rewards for generations to come.
But the government’s budget in 2012, as implemented in Bill C-45, makes significant changes to SR&ED. The bill contains a reduction in the SR&ED tax credit from 20 per cent to 15 per cent of eligible expenses, and eliminates the eligibility of capital expenditures.
With an eye to forming government in 2015, the NDP has initiated a necessary dialogue about how to stimulate innovation in Canada in the fields of science, technology and engineering.
Final negotiations around Canada-Europe free trade pact focused on intellectual property, but experts say stronger patent protection won’t guarantee more research dollars.
Alberta is funding innovations that reshape the oil sands, while B.C.’s carbon tax has cut income and corporate tax rates.

While our economic foundation is more solid than most, we must continue to create and harness new technologies to compete.
Minister of State for Science and Technology Gary Goodyear discusses emerging trends in Canada’s knowledge-based sectors, and what needs to be done to keep pace in an increasingly competitive global economy.

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