Become an Investor
Investors in this major new initiative will help to fundamentally change Canada’s business innovation performance. The Centre is a five-year, multimillion-dollar initiative that will devote its resources and expertise to gathering essential information (much of which does not currently exist); analyze the root causes of Canada’s lagging business innovation performance; and develop firm-level solutions and public policies that will enable businesses to become more innovative. These actions will result in raising our national innovation performance and enhancing our competitiveness in global markets.
The Centre will appeal to investors from both the private and public sectors. Private sector firms want to better understand the different ways that innovation occurs, and how it can be enhanced in their workplaces. Public sector organizations have an interest in stimulating business innovation throughout Canada’s economy. They are responsible for the policy and regulatory environment in which the private sector corporations operate. In addition, public sector organizations are familiar with the complexities and inter-relationships between federal departments, and among their provincial counterparts, which affect the macro environment in which businesses must operate.
- The Centre brings together its investors and partners to share and discuss research results and to seek guidance. Participants will have opportunities to access and review the detailed research findings and recommendations. And they will learn from each other, as we tackle the tough issues of business innovation.
- Centre investors meet twice annually as a plenary group to provide guidance on research priorities, review progress, and provide ongoing advice to the research team.
- In addition, special meetings are organized to bring together experts to discuss ideas, issues, and research findings as part of our outreach, engagement, and research quality processes.
- The CBI releases public reports so that firms and others can access the findings and recommendations.
- The Centre advises the media when reports are released in order to broadcast more broadly the findings and recommendations. Briefings will be given to business groups, government officials, and public policy-makers.
We intend to fund the work of the Centre through membership fees from participating organizations. Centre members will include businesses, government representatives, and key partners from the academic and not-for-profit sectors. Investors will be asked to commit for a five-year period, at one of three annual levels. (See Exhibit 2.)
Champion Investors contribute $50,000 annually, sit on the Centre’s Steering Committee for the term of their commitment, and are deeply involved with Conference Board staff in drawing up the Centre’s research plans and meeting agendas. Champions will be represented by a senior executive who will be invited to advise and participate in the overall planning, conduct, and decision-making for the Centre—through specific activities such as defining the research agenda and selecting research projects. Champion Investors will have access to Centre research results prior to public release. They will also have first priority in hosting two CBI plenary meetings to be held annually, as well as special events.
Partner Investors contribute $30,000 annually, sit on the Centre’s Steering Committee for the term of their commitment, and work with the Conference Board and Champion Investors to develop the research plan and review the research in progress. They will have access to Centre research results prior to public release. Partner Investors will be invited to host two CBI plenary meetings to be held annually, as well as special events.
Participant Investors contribute $12,000 annually. This is a special level for universities and associations. They sit on the Centre’s Steering Committee for the term of their commitment. Participant investors are invited to participate in the two CBI plenary meetings to be held annually, as well as special events. They will have access to the detailed research findings, and they will also provide input on the choice of research and meeting topics.