Corporate innovation is often talked about, but when it comes to pushing innovation alongside the entrepreneur and startup communities, Canadian firms are decidedly lacking, according to the Business Development Bank of Canada (BDC).
While Canada has all the elements to be an innovation nation, including high-quality research and an active national network of incubators, accelerators and startups, corporate R&D spending in Canada is less than half the average rate of other OECD countries, says Michael Denham, BDC president and CEO.
