Each year, Canada funds more than $12 billion in research and development to create the ideas that will become the basis for next-generation products.
Sadly for the future of Canadian innovation, the Canadian venture capital industry – whose crucial mission is to finance emerging companies’ commercialization of these ideas into products, jobs and exports – is in serious trouble.
In 2009, both the funding of Canadian venture capital firms and their investing in Canadian technology companies were at their lowest levels since the mid-90s. Because emerging Canadian technology companies cannot obtain needed venture funding, much of Canada’s huge R&D outlays are going to waste.
To read the full, original article click on this link: Funds brighten future of Canadian innovation - thestar.com
Author: Stephen A. Hurwitz
