Innovation Canada: A Call to Action

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Innovation Canada: A Call to ActionList of RecommendationsRecommendation 1Create an Industrial Research and Innovation Council (IRIC), with a clear business innovationmandate (including delivery of business-facing innovation programs, development of abusiness innovation talent strategy, and other duties over time), and enhance the impact ofprograms through consolidation and improved whole-of-government evaluation.Recommendation 2Simplify the Scientific Research and Experimental Development (SR&ED) program by basingthe tax credit for small and medium-sized enterprises (SMEs) on labour-related costs.Redeploy funds from the tax credit to a more complete set of direct support initiatives tohelp SMEs grow into larger, competitive firms.Recommendation 3Make business innovation one of the core objectives of procurement, with the supportinginitiatives to achieve this objective.Recommendation 4Transform the institutes of the National Research Council (NRC) into a constellation of largescale,sectoral collaborative R&D centres involving business, the university sector and theprovinces, while transferring NRC public policy-related research activity to the appropriatefederal agencies.Recommendation 5Help high-growth innovative firms access the risk capital they need through theestablishment of new funds where gaps exist.Recommendation 6Establish a clear federal voice for innovation, and engage in a dialogue with the provincesto improve coordination and impact.xii
Executive SummaryExecutive SummaryInnovation Canada: A Call to ActionCanada has a solid foundation on which tobuild success as a leader in the knowledgeeconomy of tomorrow. We have a strongfinancial sector and attractive corporate taxrates. We have a diverse, well-educatedworkforce and significant natural resourceendowments. We have institutions thatsafeguard the rights of individuals andencourage initiative. Yet, despite thesenotable strengths, challenges remain.Studies have repeatedly documented thatbusiness innovation in Canada lags behindother highly developed countries. This gapis of vital concern because innovation isthe ultimate source of the long-termcompetitiveness of businesses and thequality of life of Canadians. The ability toconjure up new products and services, tofind novel uses for existing products and todevelop new markets — these fruits ofinnovation are the tools that will ensureCanada’s success in the twenty-first century.Recognizing that innovation is paramountto continued prosperity, Budget 2010,Leading the Way on Jobs and Growth,announced a comprehensive review ofsupport for research and development(R&D) in order to optimize the contributionsof the Government of Canada to innovationand related economic opportunities forbusiness. Our Panel was appointed inOctober 2010 and was mandated by theMinister of State (Science and Technology)The Panel’s Advice in aNutshellCreate an Industrial Research and InnovationCouncil (IRIC), with a clear business innovationmandate (including delivery of business-facinginnovation programs, development of abusiness innovation talent strategy, and otherduties over time), and enhance the impact ofprograms through consolidation and improvedwhole-of-government evaluation.Simplify the Scientific Research andExperimental Development (SR&ED) program bybasing the tax credit for small and mediumsizedenterprises (SMEs) on labour-related costs.Redeploy funds from the tax credit to a morecomplete set of direct support initiatives to helpSMEs grow into larger, competitive firms.Make business innovation one of the coreobjectives of procurement, with the supportinginitiatives to achieve this objective.Transform the institutes of the NationalResearch Council (NRC) into a constellation oflarge-scale, sectoral collaborative R&D centresinvolving business, the university sector and theprovinces, while transferring NRC public policyrelatedresearch activity to the appropriatefederal agencies.Help high-growth innovative firms access therisk capital they need through theestablishment of new funds where gaps exist.Establish a clear federal voice for innovation,and engage in a dialogue with the provinces toimprove coordination and impact.E-1
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Vision and PrinciplesChapterVision
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Vision and Principlesout in Chapter
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Program EffectivenessChapterProgram
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Program Effectivenessfull spectrum
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Program Mix and Designthe needs of
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Program Mix and Designcapital costs
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Filling the GapsChapterFilling the
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Filling the GapsBox 7.1 Use of Proc
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Filling the Gapscompetitive levels,
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Filling the GapsThe budgetary impli
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Filling the GapsAngel InvestmentAt
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Leadership for InnovationChapterLea
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ConclusionChapterConclusion9We are
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Programs in the ReviewAnnexPrograms
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