News & Views item - November 2011 |
Report to Canadian Government Seeks to Upgrade Business R&D.
(November 10, 2011)
The American Association for the Advancement of Science notes in its "AAAS Policy Alert" of November 9:
Report to Canadian Government Seeks to Promote Business R&D.
A panel charged with advising the Canadian government on promoting business R&D
has delivered its near 150-page report, "Innovation
Canada: A Call to Action."
Noting that business innovation in Canada lags behind other highly developed
countries and that business R&D spending has been falling since 2006, the panel
provides a set of recommendations for the government, including creating an
Industrial Research and Innovation Council; simplifying the Scientific Research
and Experimental Development tax credit program while making a more complete set
of direct support initiatives available to small and medium-sized enterprises;
transforming the institutes of the National Research Council; and increasing
access to risk capital for high-growth innovation firms.