Mark Lowey

After billions in funding, Strategic Innovation Fund failed to improve Canada’s innovation performance, experts say

Mark Lowey
April 21, 2021

Nearly $3.4 billion in federal spending through the Strategic Innovation Fund (SIF) during the last three years has failed to improve Canada's "disastrous" innovation performance and productivity, say some innovation and policy experts. An analysis by Research Money of SIF data shows that Ontario, Quebec and foreign-based firms have received the lion's share of SIF funding.

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Other stories mentioning these organizations, people and topics
Organizations: Alcoa Corporation, Algoma Steel, Centre for International Governance Innovation, Elysis Limited Partnership, federal superclusters, G7, Government of Canada, Innovation, KOGAS, LNG Canada Development, Macdonald-Laurier Institute, Mastercard Inc., Mitsubishi, National Research Council, PetroChina, PETRONAS, Rio Tinto, Rio Tinto Aluminum, Sanofi Pasteur Limited, Science and Economic Development, Stelco, Toyota Motor Manufacturing Canada, University of Calgary, University of Toronto, and University of Waterloo
People: Joël Blit, Richard Hawkins, and Richard Owens
Topics: aerospace industry, allocation of SIF funding, aluminum manufacturing, auto manufacturing industry, automation, Canada's innovation performance and productivity, clean technology, co-investment, cybersecurity software, decarbonization, foreign investment, foreign multinationals, freedom to operate, government funding for innovation, high-tech manufacturing, industrial transformation, innovation inputs, innovation knowledge, innovation outputs, Innovation Policy, innovation rankings, innovation strategy, Innovation Superclusters Initiative, Innovators, intellectual property, Intelligence and Cyber Centre, investment criteria, job creation, joint ventures, large emitters, LNG production, local industry, mines and metals industry, natural gas turbines, Net-Zero Accelerator Fund, oil and gas industry, patent laws, patents filed, R&D expenditures, regional subsidization, Scientific Research and Experimental Development tax credit, sector productivity, SIF funding, SMEs, steel production, Strategic Innovation Fund, support for SMEs, technology adoption, technology providers, and virus manufacturing

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