Pembina Institute. It also received a $4.7 million grant from the Ontario Technology Fund and founder Mike Lazaridis received a $15,000 matching grant from the Student Venture Loan on the initial investment from his parents.

State of innovation: The U.S. government’s role in technology development. Project seeks to harness — and harvest — the force of Fundy. At the recommendation of his Council of Advisors on Science and Technology (Executive Office of the President, 2014), the president recently committed to a number of ambitious strategies, including a $300 million investment in three technologies deemed critical to manufacturing competitiveness. It raises our expectations of the public sector instead of dampening them.

Retrieved from source. So, too, is the image of the risk-loving venture capitalist making savvy bets and cashing in on the next Google or Instagram when it goes public.

In practice, governments around the world have long targeted industries and region-specific sectors for support, taking advantage of local networks or industry “clusters” and their resources and expertise (Ciuriak and Curtis, 2013; Creutzberg, 2011). The Advanced Research Projects Agency-Energy (ARPA-E).

It was founded by Ed Broadbent the former leader of the federal New Democratic Party (NDP) from 1975 to 1989. Sep 2012 – Present 8 years 2 months. Canadian Business. (2011). How do we begin to articulate a clear, common agenda for smart, equitable, and innovation-led economic growth? Recommendations for innovation nation and economic stimulus: Sir Terence Matthews, CATA national spokesperson. There is a unique Canadian connection in all of this, too. (2008, October 28).

The Canadian government, however, has historically engaged in a range of successful policies and targeted strategies to drive innovation and economic growth. iv. Entertainment Software Association of Canada. Retrieved from source. We are proud of Canada’s tradition as a diverse, fair, just, and inclusive society.

International Rankings: Innovation. But so do governments, with their longer-term focus and economies of scale, and with a deep commitment to sustainable growth and equitable wealth creation. Retrieved from source. Paradox lost: Explaining Canada’s research strength and innovation weakness. Retrieved from source.

Retrieved from source.

New ideas & tools for those seeking a more equal Canada. What’s working now — in Canada and around the world — that shows the way forward? Report to the President on accelerating U.S. advanced manufacturing. There are iconic examples, led by government, that many Canadians would recognize — the Canadian Space Agency’s Canadarm or the controversial supersonic aircraft, the Avro Arrow, for instance.

Senior Policy Advisor Broadbent institute. (2012, July 17).

The investments are risky.

“They are too focused on a profitable exit’ — usually through an IPO or a sale to a bigger company — within 3–5 years. Canada is falling behind global leaders in R&D. Of these, 32 Crown corporations, including 19 belonging to the federal government, were in the Financial Post’s top 500 Canadian corporations.”. Modelled on the successful DARPA, ARPA-E directs funding to researchers developing transformational ways to generate, store, and use energy, while attempting to “catalyze cutting-edge areas of energy research.” Its ambition is to advance “high-potential, high-impact energy technologies that are too early for private-sector investment” (Advanced Research Projects Agency-Energy, n.d.). More recently, the United States government has invested heavily in renewable energy and advanced manufacturing, two other areas where it sees opportunity for global leadership: 1. Quebec’s publicly owned Hydro-Québec has been responsible for many groundbreaking innovations in transmission lines and hydro dam construction (Sherman, 2012). Retrieved from source. New Haven, CT: Yale University Press. To the Canadian government’s credit, this is the approach Technology Partnerships Canada (TPC) and its successor, the Strategic Aerospace and Defence Initiative, adopted. (2014, November 16).

Innovations have emerged from, or have been supported predominantly by, the Department of Defense and other national security related agencies like the Defense Advanced Research Projects Agency (DARPA), the National Aeronautics and Space Administration (NASA), and the Atomic Energy Commission (AEC) (Weiss, 2014).

Canada’s 2013 and 2014 budgets did introduce encouraging new measures to boost business innovation. E3G.

They have also both used feed-in tariffs to encourage investment in renewable energy technologies, and to help establish stable markets for their wind and solar industries.

This program, which allows firms to write off part of their research costs, represents Canada’s biggest ($3.3 billion in 2012) federal tax expenditure for innovation. The popular myth is that America’s success is attributable to its status as the quintessential liberal free-market economy. (1987, September 18). (n.d.a).

Makuch, E. (2013, October 7). Broadbent Institute is a Canadian progressive and social democratic think tank. It is, however, increasingly public venture finance — from big public development banks like the KfW in Germany or the Small Business Innovation Research (SBIR) program in the United States — that has been making investments in the early stages when risk of failure is high.

Germany sets new record, generating 74 percent of power needs from renewable energy. Relative to the size of the Canadian economy, government support for business R&D in Canada is among the most generous in the world, yet we’re near the bottom of the pack when it comes to seeing business R&D investment,” says panel chair Tom Jenkins. This wasn’t the first time RIM had received government grants. On June 24, 2011, U.S. President Barack Obama launched the Advanced Manufacturing Partnership (AMP), “a national effort bringing together industry, universities, the Federal Government, and other stakeholders to identify emerging technologies with the potential to create high-quality domestic manufacturing jobs and enhance U.S. global competitiveness” (Executive Office of the President, 2012).

But innovation often takes 15–20 years.”. Weiss attributes the dynamism and transformative prowess of America’s innovative economy to the role of government, particularly in terms of the government agencies involved in defence and national security. Retrieved from source. Few Canadians appreciate that the growth and expansion of our oil sands was not a sure bet. The wily and brilliant entrepreneur, tinkering with the next iPhone in his or her garage, is a pervasive trope. The state of industrial R&D in Canada: The expert panel on the state of industrial R&D in Canada.

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