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Canada’s innovation approach is failing to support scale-up tech firms: study

Mark Lowey
March 6, 2024

Canada’s innovation policies and funding fails to support scaling tech companies and prevents potential high-growth firms from becoming large enterprises, according to a study by policy researchers.

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Organizations:	Advisory Council on Economic Growth, Canada's Economic Strategy Tables, Carleton University, Global Advantage Consulting Group, Government of Canada, Innovative Solutions Canada, Mitacs, Munk School of Global Affairs and Public Policy, National Research Council, Nortel, Organisation for Economic Co-operation and Development, Research in Motion, Statistics Canada, Trade Commissioner Service, and University of Toronto
People:	David Watters, David Wolfe, Steven Denney, and Travis Southin
Topics:	"neutral" policy supports for innovation, an export strategy for R&D and tech strategy, barriers for companies to reaching scale-up status, benefits of scale-up companies, Business Innovation and Growth Support (BIGS) programs, Canada lags in technology expenditures and adoption, Canada's "low innovation equilibrium", Canada's business entreprise expenditure on R&D, Canada's decline in productivity levels, Canada's high-tech sector, Canada's innovation policies and funding, Canada's lack of domestic anchor firms, Canada's lack of policy coordination, Canada's low R&D spending and low productivity, Canada's small and medium-sized enterprises, challenges of a limited domestic market, definitions of scale-up firms, dependence on foreign technology imports, direct spending programs for innovation, disconnect in Canada's innovation system, federal support for scaling tech firms, government business innovation and growth support for scale-ups, government procurement to help scale-up firms, Innovation and Skills Plan, investments in digital technology, macroeconomic "framework" policies, misalignment of government support to scaling up objectives, need for Canada to increase exports to support R&D spending, need to increase Canadian business spending on R&D, NRC Industrial Research Assistance program, Science and Public Policy journal, Scientific Research & Experimental Development (SR&ED) program, selecting firms for targeted innovation support, support for firms that cross the scale-up threshold, targeted policy supports for innovation, and tax policy instruments to support innovation

Canada’s innovation approach is failing to support scale-up tech firms: study

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Canada’s innovation approach is failing to support scale-up tech firms: study

Events For Leaders in Science, Tech, Innovation, and Policy

Discuss and learn from those in the know at our virtual and in-person events.

Events For Leaders in
Science, Tech, Innovation, and Policy