Canada needs better ways to transform early stage companies into future global champions
While excellent at starting really smart new companies, Israel, like Canada, has much less success in turning these into locally owned multinationals with the potential to create thousands of domestic jobs.
Canadian taxpayers invest billions of dollars to train tech talent, fund university-based scientific research and provide grants and tax incentives for early stage tech companies. But if much of this effort ends up simply expanding jobs, intellectual property and, consequently, tax revenues in other countries, what’s the benefit for Canada, writes David Crane. Image courtesy of Pexels.com