Canada’s High Tech Community: Re-Direct a Billion Dollars to Fuel Commercialization Success
December 8, 2011

Ottawa, Dec 08, 2011... Today, the Canadian Advanced Technology Alliance (CATAAlliance) released its White Paper on “Canada as a Competitive Innovation Nation: What Needs to be Done.”

According to CATA CEO, John Reid, “The White Paper is an integral part of the Alliance’s Innovation Nation Campaign, with a core goal of creating an eco-system that does not put a drag on innovation; one that encourages Canadians to lead as creators, innovators and adapters of next generation technologies.”

The White Paper, argues that Canada has traditionally focused on the "R" side of research and technology - and not enough on creating environments that promote and reward commercialization successes.

Specific proposals for new initiatives aimed at improving the investment climate for commercialization and the support for commercialization are outlined as part of boosting Canada’s innovation & competiveness rankings as an Innovation Nation.

Reid stressed, “Of mission critical importance, is our identification of efficiency gains that can be made to the Scientific Research & Experimental Development Program.  Not only could the effectiveness of the tax credits as incentives be significantly improved, but perhaps a billion dollars or more of the current spend on SR&ED could be freed up for redistribution.”

He concluded, “Our argument is that the federal government absolutely needs to redirect these major efficiency gains that we believe can be obtained from improving the SR&ED Program and from the rationalization of federal direct support programs to new direct and indirect support activities, promoting successful commercialization of Canadian achievements; and the retention and growth of the benefits of these successes in Canada.

A copy of the White Paper is available on-line at:

http://www.cata.ca/Cata_Members/News/pre-budget2012.html

++ Call to Action:

MP and Community Mobilization
Please send electronically and/or print out and fax this release, including the Innovation Nation submission and follow up with a phone call to your local MP at the federal and provincial levels, elected officials, such as, the Mayor of your  City and Counselors,  media and network of public and private sector contacts, inclusive of posting on your social media. This will help us get across the need for change and the consequences to your firms and communities if actions are not taken.  

Organizational Mobilization
Please circulate this release internally to all your employees and alumni and ask them to engage in the MP and Community Mobilization.

Join the Conversation
Dr. Russ Roberts, CATA’s Sr. VP, Tax & Finance moderates a social media discussion Group at this URL: http://www.linkedin.com/groups?about=&gid=3246301  Join the conversation to network with peers, provide guidance and receive critical alerts.