Why has the government put a cap on innovation success? innovationnation
Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The Financial Post set out explore what is needed for businesses to flourish and grow. You can find all of our coverage here.
As a result, only one per cent of companies reach the 100- to 499-employee mark in Canada.Take for instance the National Research Council’s Industrial Research Assistance Program . Most innovators would agree that IRAP is one of Canada’s more successful innovation programs. It allows the NRC to partner with Canadian companies on R&D projects. In the 2018 federal budget, the government increased the size of an individual IRAP matching contribution from $1 million to $10 million.
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