Federal help is available outside the cumbersome R&D program that will aid innovation.
Competitive challenges are plenty but so are the opportunities for companies that choose to venture into new markets.
Great innovation does something differently instead of doing something better
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Corporate Canada expressing doubt over changes to federal innovation funding.
PLANT’s annual Business Outlook survey shows senior executives plan to spend an average of $1.4 million on machinery, equipment, technology, training and R&D next year.
Canada’s position among global innovators is an ironic one. A recent World Economic Forum report on global competitiveness ranked us 12th out of 142 countries.
Canada’s Scientific Research and Experimental Development tax incentive program is one of the most generous in the world, yet it’s under-utilized by Canadian manufacturers.
This year, it’s estimated federal and provincial governments will spend some $4.7 billion on research tax credits to more than 20,000 companies, but not all of them ae doing legitimate research.
Canadian manufacturers see the economy picking up over the next three years and they are preparing for business expansion with plans to hire, and invest in process improvements, facilities, technology, training and innovation, according to a survey of senior plant executives.
Sandy Hale Innovation is a cornerstone of the federal government’s plans to create economic growth in Canada. In fact, the March federal budget trumpets innovation as one of the key ways the government intends to “strengthen our capacity for world-leading…