EDMONTON, AB, Mar. 5, 2010/ Troy Media/ — Will yesterday’s budget improve innovation in Canada? Let’s remember that Canada’s performance when it comes to innovation is woefully inadequate.
Let’s start by looking at the numbers:
- $108 million to support both young workers, through internships and skills development to help them find jobs, and Aboriginal students.
- Over $600 million to help develop and attract talented people, to strengthen our capacity for world-leading research and development, and to improve the commercialization of research.
- Canada becomes a tariff-free zone for manufacturers with the elimination of all remaining tariffs on machinery and equipment and goods imported for further manufacturing in Canada.
- A Red Tape Reduction Commission is established to reduce paperwork for businesses.
- Measures to support investment in clean-energy generation will be implemented.
The $600 million for innovation unfortunately looks like it is headed to universities rather than to business. This is how the money will flow:
To read the full, original article click on this link: Canada's budget lacked innovative ideas | Troy Media Corporation
Author: Stephen Murgatroyd
