In an interview with BNN’s Jon Erlichman, Jim Balsillie, former co-CEO of Research In Motion slams Canada’s leaders for forcing the Canadian technology industry into a “race to the bottom,” warning that firms are even looking to move operations to the United States.
He said that “ Canada’s leaders have focused too much on attracting foreign tech firms, rather than growing the country’s own champions at home… Now, our orientation is cheap foreign branch plants.”
“ Understand that if our strategies are to make Canada a cheap branch plant economy, that’s not a path to prosperity, that’s a race to the bottom… The coziness that all three levels of government have shown to foreign tech is misguided…Without a national strategy, Canada may also be losing out on the potential to become a “world leader” for data-based businesses,” Balsillie concluded.
Our CATA Advocacy Team now asks you to Voice Your View and Grade Canadian Tech Leadership.
CATA would like to start the Conversation:
” Canada needs to grow, attract and retain foreign multinational corporations with strong Canadian mandates, SME’s (Small to mid-sized enterprises) with global flagship potential and start-ups as the fuel for future success in the marketplace. Public policies do show very good intention, but our grade would be B minus. Let’s now work together, governments and companies of all sizes and origins to advance Canada’s competitive innovation rankings. “
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The Canadian Advanced Technology Alliance (CATAAlliance) is Canada’s One Voice for Innovation Lobby Group, crowdsourcing ideas and guidance from thousands of opt in members in moderated social networks in Canada and key global markets. (No Tech Firm Left Behind)