Canada must get creative to retain homegrown innovators

We are spending on our science base, which consists of our universities and colleges and government support for companies. But we are not capturing the value. Spending more on science won’t deliver better results unless we fix the other barriers to growth, as well.

Industry Minister Mélanie Joly, left, and Digital Innovation Minister Evan Solomon. Canada must get creative to build the successful economy of the future, including by reviewing whether our existing institutions, including our granting councils, are well designed for advancing Canadian success in science and technology, writes David Crane. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

August 17, 2026

Almost every week we learn of yet another Canadian tech company being sold to a foreign—usually American—multinational or private equity group because the domestic firm could not raise the capital at home that is needed for the next stage of growth. This is what is calle...

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