What if we stopped playing second fiddle in terms of innovation?
Will resuscitating the idea of a Canadian Advanced Research Projects Agency (CARPA) provide the necessary coordination to improve Canada’s innovation performance and impact? I have my doubts.
Despite the generosity of the combined effect of R&D subsidies and tax credits, Canadian firms fund less and less in-house R&D compared to the OECD average. Further rebalancing of the policy mix (increasing direct support compared to tax credits) is in jeopardy as the economic recovery neede...
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