Canada offers international investors a special blend of innovation capacity across a wide array of industries.
“ Canada is one of the world’s leaders in mobile-software development. Venture capitalists have started taking note. Google is certainly taking note. ”
Chris O’Neill, Managing Director, Google Canada
Canada’s predictable, stable fiscal environment ensures that the benefits of innovation can lead to profits over both the short and long terms. The country’s efficient innovation system actively involves Canadian research institutions in the development of next-generation products such as electric vehicles, paper phones, wood-based jet fuel, simulation technologies and the new chemicals and plastics that will shape tomorrow’s bio-economy.
- Canada is the world's leading country in terms of its integrated approach to driving economic growth through innovation, based on recent research (2012) from the Information Technology and Innovation Foundation (Washington, DC) and the Kauffman Foundation (Kansas City).
- In addition to very favourable R&D tax credits and incentives , Canada’s appealing environment for leading-edge research is built upon several innovation-supporting policies: effective protection of intellectual-property rights; open competition in domestic market in the deployment of digital information and communications technologies and platforms; transparent government-procurement practices, and openness to high-skill immigration.
- In 2010, IBM, Pratt & Whitney Canada,Ericsson, AMD, Alcatel-Lucent, Sanofi- Aventis group, Pfizer, Glaxosmithkline, Imperial Oil and Novartis were all among Canada’s top 25 R&D spenders . In the past five years, these companies have collectively invested more than $10 billion in Canadian R&D.
- In 2011, the OECD ranked Canada number one among G-7 countries for higher-education R&D expenditures as a percentage of GDP.
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