A real innovation agenda for Canada

October 11, 2019

Canada lags behind other developed nations when it comes to innovation. From declining investments in research and development to a lack of competitive productivity, our economy seems to show clear symptoms of “innovation sickness.” Ottawa’s traditional approach to innovation has focused on deficit spending, corporate welfare, and subsidies toward certain favoured businesses. In large part, these policies have failed to spur meaningful increases in productivity or inspire serious gains in innovation as they fail to address the core drivers of innovation. If a new government wants to really boost innovation in Canada, it should do more to strengthen IP rights and curb IP theft and counterfeiting, lower taxes, direct funding to basic research, and encourage commercialization of university research.