Let’s stop the spread of a uniquely Canadian disease: innovation philanthropy GlobeBusiness
. But, sadly, Canadians will not be the ones to financially benefit from these inventions. Instead we will pay for them once again as part of commercialized products sold back to us.
Innovation without an IP strategy is philanthropy, and Canadians are giving away the family farm at a time when we can least afford it. “Canada is the world’s open source factory for ideas. We create it, but let others commercialize it,” said one of the participants in a report produced byin Ontario’s innovation ecosystem.
This is the only way that we are going to add value to our companies and ensure we create wealth for both present and future Canadians. This is the wealth that is needed to support our expanding public spending and critical health infrastructure.To achieve these objectives, there are three ideas that the federal government can deploy right away:
Dedicate appropriate funding for the creation and stewardship of strategic data trusts for Canadian innovators to unlock, accumulate and commercialize Canada’s data assets.
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