Calling on Canadians and Canadian businesses to transform original ideas and technologies into competitive new products, services and business growth on a global scale, the government intends to create and support an “operationally independent federal innovation and investment agency.” Starting in 2022-23, Ottawa will invest $1 billion over five years to support its initial operations.
Ottawa hopes to emulate Finnish and Israeli programs that have propelled these countries into global innovation leaders. Through its own market-oriented innovation and investment agency, the program will be guided by private sector leadership and expertise.
Later this year, more details on its operating budget will be released.
For more information, and to find out if you may qualify for these benefits, call Jason Adams, 877-753-2678, or email Jason [email protected]