Canada lags behind many of its First World counterparts when it comes to business innovation, and urgently needs to improve its performance if it is to remain competitive and attractive to investment. The federal government's Expert Panel Report on Federal Support to Research and Development has recommended several policy initiatives that governments need to enact to close the gap.
The panel's two most promising recommendations are: (1) the consolidation of research and development spending programs at the federal level and (2) the adoption of smart procurement as a means of spurring innovation in the non-government sector.
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