Ottawa, November 15, 2005…Canada's largest high-tech business association today called on the Federal Government to incorporate a Canadian Commercialization Fund (CCF), as the launch pad for a national program to support efforts to commercialize Canadian products and services.
Peter Cleveland, CATA Director and Executive in Residence at the University of Ottawa said, "If we are going to make a difference in moving the commercialization agenda forward in Canada we must advance one specific proposal or action that, if implemented, would have the greatest impact on increasing the rate of business growth."
The Canadian Commercialization Fund (CCF) creates a visible entity focussed solely on increasing the rate of commercialization. It would provide funding for mentoring activities, a screening process to avoid wasting tax dollars on ill-conceived ideas and create published data to measure success.
Proposal to the Government of Canada on Commercialization
Cleveland added, "A business would only be eligible to receive the grant if it could demonstrate a viable opportunity, potential market acceptance, a well thought out product or service plan and potential for employment to increase the tax base."
"Our rate of productivity increase is tumbling," said CATA President John Reid. "In comparison with our largest global trading partner, each American worker outperforms a Canadian counterpart to an amount equal to a new car each year. Our inability to commercialize our research -- to turn our research into rewards -- is a big contributor to that gap. We need to adopt a total-war approach in building "Enterprise Canada" -- a nation obsessed with the goal of obtaining the rewards of creativity. The Creation of the Canadian Commercialization Fund is the first step."