OTTAWA — Canada gets a D in innovation, according to a report card issued Tuesday, ranking the country 14th among 17 industrialized nations for its ability to turn knowledge into money-making products and services.
In a report from the Conference Board of Canada, this country ranked ahead only of Australia, Italy and Norway for innovation.
Switzerland, Ireland and the United States topped the list.
"The biggest challenge that we're facing is to turn some of the great ideas that we have into products that we can sell on the global market," Gilles Rheaume, the Conference Board's vice-president of public policy, said in an interview. "While we're doing some great research and development at the university level — and it's an important factor — it's not sufficient."
Of the 12 indicators used to compile these rankings, Canada was given a D in nine categories, two Cs and one B. Its highest grade was given for the number of scientific articles published relative to the population. Canada was eighth in that category.
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Author: Derek Abma