Bridging the Valley: Linking Public Investments in Research to Business Innovation

The Conference Board of Canada, 90 pages, May 20, 2015
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Canada is a world leader in public investments in R&D, but lags in innovation performance. This report examines why Canada is falling behind other OECD countries.

Document Highlights

Canada is a world leader in public investments in research and development (R&D), but it is a laggard in innovation performance. Bridging the Valley: Linking Public Investments in Research to Business Innovation seeks to understand why Canada’s significant investments in R&D do not translate into better business innovation performance.

The report undertakes a diagnostic of why public investments do not translate into business innovation performance. It suggests practical ways for government, higher education institutions, and businesses to work together in order to better leverage Canada’s research capabilities toward business innovation performance.

The report recommends changing professors’ incentives to collaborate, changing financing, introducing new institutions, and expanding small business voucher programs.

Table of Contents

Executive Summary

Chapter 1—Introduction

  • Method
  • Guide to the Report

Chapter 2—Getting to the Heart of the Matter

  • Understanding Versus Use
  • Market or Country Failure
  • Applied Versus Commercialized
  • Financing and the Valley
  • Knowledge Versus Collaboration
  • Conclusion

Chapter 3—Current Performance

  • Research Funding
  • Links in the Chain
  • Direct Commercialization: Spin-Off Enterprises
  • Conclusion

Chapter 4—Innovations to Improve Performance

  • Developing an Ecosystem
  • Changing University Ethos and Practices
  • Building Extra-University Research Capacity
  • Improving Collaboration
  • Direct Commercialization by Highly Qualified People
  • Conclusion

Chapter 5—Conclusions

  • Fewer Return on Investment Studies, More Action
  • Change Professors’ Incentives
  • More Collaboration
  • Reaching Out to Small Business
  • Getting the Most Out of Highly Qualified People
  • Build the Ecosystem

Appendix A—Bibliography

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