Jim Hinton is a patent lawyer based in Kitchener-Waterloo and the co-founder of the Innovation Asset Collective (IAC), which launched this year with $30 million in federal funding. Research Money spoke to Hinton about the challenges facing tech developers, researchers and policymakers surrounding IP.
Topic: Innovation Policy
The superclusters should be assessed by a broad innovation policy framework and with a longer time frame than their initial five-year mandate, says John Knubley, the former deputy minister of Innovation, Science and Economic Development Canada who was responsible for the creation of the superclusters initiative.
Nearly $3.4 billion in federal spending through the Strategic Innovation Fund (SIF) during the last three years has failed to improve Canada’s “disastrous” innovation performance and productivity, say some innovation and policy experts. An analysis by Research Money of SIF data shows that Ontario, Quebec and foreign-based firms have received the lion’s share of SIF funding.
The 2021 federal budget gives a big boost to the NRC’s Industrial Research Assistance Program, BC budget provides $500 million to new fund for tech startups, US President Joe Biden proposes funding surge for federal research agencies, Canada’s Stem Cell Network to receive $45 million dollars for regenerative medicine therapies, and more.
Researchers and businesses appear to be ready for more policy experimentation and leadership from the federal government after more than a year of lockdowns and economic disruption from COVID-19.
According to a “preliminary assessment” report by the Parliamentary Budget Officer, the five federally funded innovation superclusters are unlikely to attain goals for job creation and GDP growth. But the superclusters’ CEOs told Research Money the report is based on outdated data and that it’s too early to assess the superclusters’ long-term outcomes.
More than 550 members of Alberta’s innovation system call on the UCP government to act on an expert panel report to help the province’s struggling tech sector.
Canada’s innovation superclusters are proving their value during the COVID-19 crisis and are well positioned to help lead the post-COVID economic recovery, the five superclusters’ CEOs told a Research Money webinar.
Alberta’s United Conservative Party government says innovation is still a priority—it just won’t be funded through a provincial carbon tax.
The federal government has shrunk the number of innovation programs it offers, but there’s still ample funding and opportunities available, government officials say.