The amount spent nationwide jumped 3.4 per cent in 2017–2018 from the previous year. This is the eighth annual increase, according to new data from Statistics Canada. For the first time in a decade, spending increased in all six categories: the federal government, provincial governments, businesses, post-secondary institutions, non-profits and foreign sources. (The Logic)
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The amount spent nationwide jumped 3.4 per cent in 2017–2018 from the previous year. This is the eighth annual increase, according to new data from Statistics Canada. For the first time in a decade, spending increased in all six categories: the federal government, provincial governments, businesses, post-secondary institutions, non-profits and foreign sources. (The Logic)
Talking point: The spending increase comes as governments across Canada are looking to overhaul how money spent on research and development translates into revenue. In April, my colleague Catherine reported that Canada’s top research institutes and universities generated less than $75 million combined from licensing innovations off $5.7 billion in R&D spending. The Ontario government has formed an expert panel chaired by Jim Balsillie, former Research in Motion (now BlackBerry) co-CEO, tasked with finding new ways to generate IP from its schools. In 2018, the federal government announced $85.3 million to try and get more revenue generated from IP.
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