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HomePolicy Articles Article Summary

Exploring Canada’s Innovation Character: Benchmarking Against Global Best

Report by Conference Board of Canada

In this report, the Conference Board of Canada presents a framework for understanding innovation, an evaluation of Canada’s innovation performance, and suggestions for future action that can be taken in this regard. An international comparison is used to assess Canada’s global standing in innovation.

The Conference Board defines innovation a process by which new ideas are created and turned into goods or services that can be sold, or processes that can provide firms with competitive advantage. The Conference Board argues that innovation can also generate social value by producing goods and services that create safer communities, better health care, and improved education.

To assess Canada’s innovation performance, this report selected 17 indicators of innovation and evaluated Canada against 10 other countries. The indicators are divided into four groups: knowledge performance, skills performance, innovation environment, and community-based innovation. The Conference Board argues that in order for Canada to increase its innovation, commercialization must be its primary focus.

This report concludes with suggestions for improving Canada’s innovation strategy. Some of these suggestions include: becoming more efficient in our commercialization efforts; increasing business investments in research and development, training, and new equipment; integrating our innovation skills into continuing education and immigration policies; and fostering locally led, community-based innovation. To conclude, the Conference Board suggests that Canada must be open to breakthrough discoveries that will invariably foster innovation.

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Policy Publication Details

Author(s): Conference Board of Canada;
Publisher: Conference Board of Canada [ Visit Website ]
Year Published: 2004; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: International; National;
Registration Required: Yes Language: English
Payment Required: No Publication Format: Adobe PDF

Subjects / Categories:

Policy Articles / International Trade, Development & Finance / Foreign Investment
Policy Articles / Monetary & Capital Management / Government & Business Enterprises
Policy Articles / Monetary & Capital Management / Government & Business Enterprises / 2004
Policy Articles / International Trade, Development & Finance / Foreign Investment / 2004
Policy Articles / International Trade, Development & Finance
Policy Articles / Monetary & Capital Management


Keywords / Tags:

innovation; innovation performance; international comparisons; social value; competitiveness; commercialization; research and development;