Public sector must better support industry’s commercialization of intellectual property

IP products only comprised 1.87 per cent of Canada’s gross domestic product in 2019. In the advent of the knowledge-based economy, Canada’s IP stock assets remain trivial. And, the number of Canadian businesses that hold IP rights abroad is sobering—only five per cent.

Minister of Innovation, Science, and Industry François-Philippe Champagne holds a media availability after he was sworn into the post on Oct. 26. Canada needs a new approach to exploit both public- and privately-funded intellectual property, as Canadian businesses are failing to exploit their IP and reap the economic benefits from their outputs, Daniel Katz and Natalie Raffoul. The Hill Times photograph by Andrew Meade

Opinion

BY DANIEL KATZ AND NATALIE RAFFOUL

November 16, 2021

Canada must incentivize and support domestic industry to commercialize new knowledge. We need a new approach to exploit both public- and privately-funded intellectual property, as Canadian businesses are failing to exploit their IP and reap the economic benefits from t...

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