OTTAWA — Innovation Minister François-Philippe Champagne says the federal government is acting to ensure intellectual property developed in Canada remains in the country, following longstanding industry concerns about foreign firms capitalizing on domestic research and inventions.
Monday’s budget promised to fund advice for high-growth firms and startups and review IP provisions in Ottawa’s business-support programs. The government has also recently signalled greater scrutiny of foreign investments involving sensitive technologies and research partnerships. “Data and certainly intellectual property are going to be key in the economy of tomorrow,” Champagne said in an interview with The Logic Wednesday. “I am willing to deploy all the tools that I have in my toolbox to make sure that this is staying in Canada.”