The global economy is changing. Competition for the brightest minds is intensifying. The pace of technological change is creating new opportunities while making older business practices obsolete. Canada's long-term economic competitiveness in the knowledge economy demands globally competitive businesses that innovate and create high-quality jobs.
Transcript
To view this video in an accessible format, Click here.
Since 2006, the Government has provided nearly $8 billion in new funding for initiatives to support science, technology and the growth of innovative firms. It is committed to a new approach to supporting innovation in Canada by pursuing active business-led initiatives that focus resources on better meeting private sector needs.
Click through the themes listed below to learn more about what is in the Economic Action Plan for you.
Advanced Research
The Economic Action Plan includes programs and funding in support of advanced research in universities and other leading research institutions. Canada's long-term economic competitiveness depends on encouraging research that can be commercialized and used to fuel the high-growth companies of tomorrow.
View all related initiatives.
Business Innovation
The Government’s support is making it easier for businesses to pursue the innovation that is so vital to Canada’s economy. The Economic Action Plan offers initiatives and programs such as tax incentives, increased access to risk capital for high-growth innovative firms, and a more direct support model. These help innovative businesses remain competitive and create high-paying jobs in Canada.
View all related initiatives.
Venture Capital System
Venture capital plays a critical role in making businesses more innovative and the economy more competitive by providing the investment and resources needed for high-potential small and medium-sized business to grow. The Economic Action Plan includes initiatives to complement the Venture Capital Action Plan and promote the broader venture capital system.
View all related initiatives.