To foster domestic innovation, Canada needs less intellectual property rights, not more

Canada has an innovation problem for which there is no magic bullet. To address it, Canada must consider different levers, including reforming R&D tax credits and R&D grants, investing in human capital, and fostering more competition.

Canada’s innovation challenges are well-documented. Among the G7, we are the only country to have experienced a decline in R&D spending as a fraction of GDP over the last 20 years, writes Joel Blit. Photograph courtesy of Pixabay

Opinion

BY JOEL BLIT

October 25, 2021

Canada’s innovation challenges are well-documented. Among the G7, we are the only country to have experienced a decline in R&D spending as a fraction of GDP over the last 20 years. Only Italy produces fewer so-called triadic patents, innovations that are patented in each of the main three pate...

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