Canada's Innovation Strengths and Priorities
"The Government supports an innovative economy and the creation of high-quality jobs through investments in education and training, basic and applied research, and the translation of public research knowledge to the private sector"
Canada is a world leader in science, technology and innovation, and is recognized as one of the most innovative and competitive economies in the world.
- Canada generates over 4% of global knowledge, despite accounting for just .5% of the world’s population.
- Canada’s performance is consistently strong in measures related to the quality of education, market regulation, and social factors.
- Since 2006, over $9 billion in support of science, technology, and the growth of innovative firms—fostering a world-class research and innovation system that supports Canadian businesses and economic growth.
Economic Action Plan at Work
Over the last few years, the Government of Canada has increased its focus and placed more emphasis on science, technology and innovation as key elements of growing Canada's national prosperity. This is reflected in the Government of Canada’s most recent budgets.
- Budget 2010 featured the 5 year renewal of the International Science and Technology Partnerships Program (ISTPP).
- In Budget 2011, the Government of Canada introduced measures to support SMEs, drive innovation in Canada’s digital economy, strengthen Canada’s research advantage, and foster commercialization and business innovation.
- In Budget 2012, over $1.1 billion in direct R&D investments and $500 million in venture capital funding was announced.
- Budget 2013 included a key focus on supporting entrepreneurship, innovation and world-class research, with $60 million committed to expanding the services of business incubators and accelerators, and another $100 million to invest in the firms graduating from these programs.
Excellence in Priority Sectors
Canadians are global innovators with strong capabilities across a wide range of sectors. From breakthroughs in medicine to advancements in communications technologies, Canadian innovations have transformed the world. Canada’s research and technological advantage is clearly evident in its reputation of excellence across four key sectors:
- Environmental Sciences and Technologies
- Information and Communications Technologies
- Life Sciences and Biomedical Technologies
- Energy Sciences and Technologies
Key National Strategies
- Mobilizing Science and Technology to Canada's Advantage - a comprehensive, multi-year science and technology agenda for the nation
- Global Markets Action Plan: The Blueprint for Creating Jobs and Opportunities for Canadians through Trade - Canada's economic prosperity depends on international trade, innovation and investment. The Global Markets Action Plan will ensure that all the diplomatic assets of the Government of Canada are harnessed to support the pursuit of commercial success by Canadian companies, innovators and investors in key foreign markets, to generate new jobs and new opportunities for workers and families here at home.