Innovation Canada: A Call to Action - Review of Federal Support to Research and Develop... - 1 views
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Canada has a solid foundation on which to build success as a leader in the knowledge economy of tomorrow
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innovation is the ultimate source of the long-term competitiveness of businesses and the quality of life of Canadians
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We heard that the government should be more focussed on helping innovative firms to grow and, particularly, on serving the needs of small and medium-sized enterprises (SMEs)
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innovation support is too narrowly focussed on R&D – more support is needed for other activities along the continuum from ideas to commercially useful innovation
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whole-of-government program delivery vehicle – the Industrial Research and Innovation Council (IRIC)
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includes non-labour costs, such as materials and capital equipment, the calculation of which can be highly complex
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the base for the tax credit should be labour-related costs, and the tax credit rate should be adjusted upward
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facilitating access by such firms to an increased supply of risk capital at both the start-up and later stages of their growth.
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encouragement of innovation in the Canadian economy should become a stated objective of procurement policies and programs.
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Innovation Advisory Committee (IAC) – a body with a whole-of-government focus that would oversee the realization of our proposed action plan, as well as serve as a permanent mechanism to promote the refinement and improvement of the government's business innovation programs going forward.
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focus resources where market forces are unlikely to operate effectively or efficiently and, in that context, address the full range of business innovation activities, including research, development, commercialization and collaboration with other key actors in the innovation ecosystem
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the closer the activity being supported is to market, and therefore the more likely it is that the recipient firm will capture most of the benefit for itself.
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Still stack with the old paradigm of the "knowledge economy" http://en.wikipedia.org/wiki/Knowledge_economy My opinion is that we're moving into a know-how economy.
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