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The Canadian Chamber of Commerce

Submission — The Canadian Chamber of Commerce

Important note: The content of submissions and summaries is the sole responsibility of the person and / or organization having made a submission. The posting of this content does not indicate that the Panel supports or endorses it. Submissions and summaries are posted in the language provided without modification.

Submitter(s): Gray, Chris

Summary: The Canadian Chamber of Commerce is pleased to provide our submission to the Expert Panel reviewing federal support to research and development in Canada.

Canada continues to lag comparatively with a disappointing productivity performance. With the right plan, Canada can play a leading role in the global digital economy to lay the foundation for a more productive and competitive economy. By building on our strengths and working together with the federal and provincial/territorial governments, Canadian businesses can realize the benefits of new technologies and achieve a competitive advantage internationally.

Government has a definite role to play, but businesses must also continue to evolve their business models with a greater focus on innovation. Government programs, like the Science Research and Experimental Development (SR&ED) program, are key to the early success for many Canadian companies. Venture capital is also a key element for early stage success for Canadian companies and the government's recent move to remove a tax reporting burden on foreign investors, specifically in information and communications technology (ICT), clean technology and life sciences, is helpful in aiding research and development.

The Canadian Chamber urges the Expert Panel to recognize that the enhancement and importance of broadband networks across Canada is critically important to the commercialization of R&D to enable the private sector to continue to innovate and drive productivity. It is not sufficient for the government to invest in R&D unless that investment is pursued in the context of an industrial strategy of promoting strategic innovation through commercialization and adoption of new products, services and processes. Additionally, ownership of intellectual property is of principal importance to a successful business/post-secondary partnership. There should be one model that is used across the board. The adoption of smart technologies, preparing Canadians with appropriate education and skills training and implementing the Digital Economy Strategy are all key elements to improving productivity in Canada. Canada must continue to develop its digital infrastructure to strengthen its capacity to compete in global supply chains.

Full submission: PDF Version