Supporting Entrepreneurs, Innovators and World-Class Research
The global economy is changing. Competition for the brightest minds is intensifying. The pace of technological change is creating new opportunities while making older business practices obsolete. Canada's long-term economic competitiveness in the knowledge economy demands globally competitive businesses that innovate and create high-quality jobs.
Since 2006, the Government has provided nearly $8 billion in new funding for initiatives to support science, technology and the growth of innovative firms. It is committed to a new approach to supporting innovation in Canada by pursuing active business-led initiatives that focus resources on better meeting private sector needs.
The Economic Action Plan includes specific initiatives and programs to help innovative organizations and businesses capitalize on new opportunities in the 21st century economy and bring jobs and prosperity to Canada.
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Canada’s Economic Action Plan is providing additional resources to support advanced research in universities and other leading research institutions.
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It is through innovation, modernization, forward thinking, and world-leading research advancements that Canada will be able to capitalize on new opportunities in the 21st century economy and bring jobs and prosperity to our county.