Canada Launches Innovation Agency


credit: via Mahalo

"Invention is not enough."

That's the message from Canada's government, which is hoping to change that with the creation of a $1 billion Canadian Innovation and Investment Agency that it says will help businesses grow and create jobs, the Guardian reports.

According to the country's 2022 budget, Canada's business R&D spending is the lowest in the G7 (the US, UK, Japan, Germany, Italy, and Canada), and it's fallen by a third over the past 20 years.

"Canadians and Canadian companies need to take their new ideas and new technologies and turn them into new products, services, and growing businesses," the budget states.

The new agency, which will be modeled on innovation agencies in Israel and Finland, will be "operationally independent" but will still be "accountable" to the government, a Department of Finance spokesperson tells the Guardian.

The budget states the agency will help small and medium-sized Canadian businesses that lack the funds to bring new products to market.

The budget also states the government will consider adopting a "patent box" tax system, in which patents will be taxed at a lower rate than in the US and EU, the CBC reports.
Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Accelerating Government Efficiency through Advanced Technologies and Innovation

When it comes to getting a driver's license in the US, there's a lot of red tape. In fact, more than half of the country's DMV offices are still manual, according to a new report from the...more

7.4 Representative Jennifer Mcclellan Talks Climate Resilience and Environmental Justice ...

Virginia Rep. Jennifer McClellan is the first black woman elected to Congress from her home state, and she's also the first black woman to represent it in the House of Representatives. But...more

Editorial: Regional Projects Show Benefits of State Grant Money
Foundation: Lilly Endowment

Indiana is adding $500 million to its coffers and the Lilly Endowment is throwing in $250 million for community and economic development programs designed by communities themselves, the Columbus...more

Nonprofit Mission Statements: 30 Examples of Brands Who Are Crushing It [Infographic]

If you're in the market for a new website, you might want to check out this list of 30 nonprofit mission statements, rounded up by Nonprofit World. They're great if you're in the market for a new...more

How Reading The Morning Paper Inspired an Alumnus' Mission to Shape Ethical Leadership

"One day, he decided to do something about it." That's how Steve Bachand describes his $5 million donation to the University of Virginia's Darden School of Business, which will create the Stephen...more

Women'S Fund of Greater Milwaukee

"We are part of a global women's movement, and our effort is really directed towards the barriers that stand in the way for women in every aspect of their lives," Lisa Attonito, executive director...more

Unc Collaborates on Regional Nsf-Funded Initiative on Climate Resilience

"In 10 years, the CO-WY Engine will generate significant economic impact for our region, including new climate technology-related jobs, $1.5 billion in regional impact, more than $1 billion in...more

Adapting to a Warmer World: How Ski Resorts Are Thriving With Innovative Strategies

A Utah ski resort is the first in the world to have installed a snow-making system that uses a mineral called feldspar, which is "very abundant and efficient" because of its ability to cause water...more

Invest in Climate-Smart Agriculture to Combat Malnutrition in Uganda

The people of the Democratic Republic of Congo's Bunyoro region are among the world's most vulnerable to the effects of climate change, especially when it comes to food security and nutrition, the...more

Apple'S Cook Tells China Forum Ai Is Key for Climate Battle

"We are making great progress, we are not there yet, and the road ahead requires more innovation," Tim Cook said Sunday during the China Development Forum in Beijing. The Apple CEO was there as...more






Social Entrepreneurship
Spotlight



GiveEasy – A Thriving Social Enterprise


GiveEasy is a social enterprise startup geared for growth after partnering with Australia Post, a move that will set them up in the Australian forefront.




Nonprofit Jobs in Utah

  Substance Abuse Jobs
  Fundraising & Development Jobs
  Substance Abuse Jobs
  Social Services Jobs
  Education Jobs


Federal Government Grant and Assistance Programs


Improving, Enhancing, and Evaluating Outcomes of Comprehensive Heart Health Care Programs for High-R | Transformation Initiative Research Grants: Sustainable Community Research Grant Program | Social Services Block Grant | Great Ships Initiative | Ready-To-Learn Television | West Coast Estuaries Initiative | Agriculture Wool Apparel Manufacturers Trust Fund | Learn and Serve America Innovative Community-Based Service-Learning Programs | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders