The latest release of research and development (R&D) statistics from Statistics Canada is further confirmation that business and federal government spending continues to decline. The data should raise some alarm bells in light of Rivka Carmi’s and Martha Crago’s timely op-ed about the importance of university-based basic research to the innovation agenda proposed by business and government. […]
research and development
The latest provincial-level data on Research and Development (R&D) shows that R&D expenditures as a proportion of Gross Domestic Product (GDP) in Ontario continue to be higher than the national average. Only Quebec spends more. Although Canadian – and Ontario and Quebec – businesses spend comparatively less than the OECD average , they still account for the largest proportion of R&D expenditures. Quebec businesses invest […]
In these difficult economic times, “innovation” seems to have become the mot-de-jour for the private sector; actual investment in innovation, not so much. Statistics Canada estimates that industry expenditures on research and development (R&D) in 2012 will increase by less than one per cent over 2011 levels. If economic forecasts for GDP growth are borne […]