Roger L Martin Canadas Innovation Imperative

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Canadas innovation imperative

Ro er L. MartinToronto Reference Library | June 1, 2011


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The Institute Mandate

Ontarios and Canadascom etitiveness roductivit

and economic progress

com ared to other rovinces,

US states and the US as a whole

and to report to the public on aregular basis

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Canadas Innovation Imperative

Productivity and innovation

or nnova on

Steps to Canadas prosperity

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Canada Has 9 International Peers

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Canada Is Among The Most Prosperous Of International Peers

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Canada-US Prosperity Gap Remains Significant

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Families Would Benefit From Closing Prosperity Gap

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And Families Would Be Happier

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GDP Trends Are Very Similar In Canada And US

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Canada Has Outperformed US Participation Rates

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And Unemployment Rates

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More Canadians Are Working Than In US

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Layoffs Affect Older Workers More Severely

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Institute Measures Four Components Of Prosperity

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Canadas Labour Effort Matches US

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But Productivity Trails Significantly

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Canadas Prosperity Gap Is A Productivity Gap

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Our Labour Effort Leads Peers; Productivity Lags

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Innovation And Productivity Are Closely Linked

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Institute Recommends 2020 Prosperity Agenda

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Institute Measures Four Prosperity Components

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Lagging Productivity And Intensity Drive Prosperity Gap

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Lagging Productivity And Intensity Drive Prosperity Gap

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or nnova on


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AIMS Drives Prosperity; Prosperity Drives AIMS

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Canadian And US Attitudes Are Similar

Ontarians differ little from their US peers in

Views of business and business leaders

Attitudes toward risk and success

competitiveness

Willingness to take action to achieve ahigher standard of living

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Our Managers See Risk As Innovation Roadblock

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Canadas Public Investment In Education Trails Health Care

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Canadas Public Investment In Education Trails US

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More Education Means Higher Earnings

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F U i it D A A d d I C d


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Fewer University Degrees Are Awarded In Canada

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O i P ll U C d P f I D A d d


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Ontario Pulls Up Canadas Performance In Degrees Awarded

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C di B i I t t L US


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Canadian Business Investments Lag US

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ICT I t t G I L


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ICT Investment Gap Is Larger

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C d T il US I B i R&D


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Canada Trails US In Business R&D

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B i I S Of R&D G


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Business Is Source Of R&D Gap

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B i R&D S di Li k T P t t O t t


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Business R&D Spending Links To Patent Output

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Canadian B siness Patenting Trails Significantl


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Canadian Business Patenting Trails Significantly

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Many Large Scale Incentive Projects Fail


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Many Large-Scale Incentive Projects Fail

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Large Scale Incentive Packages Can Be Costly


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Large-Scale Incentive Packages Can Be Costly

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Taxes Can Be Low And High Or Wise And Unwise


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Taxes Can Be Low And High Or Wise And Unwise

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Our Tax On Business Investment Is Now Much Lower


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Our Tax On Business Investment Is Now Much Lower

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Canada Should Explore Tax Policy Innovations


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Canada Should Explore Tax Policy Innovations

Consider a Carbon Tax

Tax corporations on cash flow, not accruals

Eliminate the corporate tax

low income earners

ax n v ua s on consumpt on, not ncome

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Support And Pressure Drive Innovation


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Support And Pressure Drive Innovation

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Venture Capital Investment Is Lower In Canada


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Venture Capital Investment Is Lower In Canada

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Canada Has More Deals


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Canada Has More Deals

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Venture Capital Deals Are Smaller In Canada


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Venture Capital Deals Are Smaller In Canada

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Venture Capital Returns Have Been Abysmal Recently


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Venture Capital Returns Have Been Abysmal Recently

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Lean Startups Are New Approach To Venture Capital


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Lean Startups Are New Approach To Venture Capital

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Microfunding Offers Potential For VC


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Canada Had 15 Billion$ Global Leaders In 1985


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Canada Had 15 Billion$ Global Leaders In 1985

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Canada Created 25 New Billion$ Global Leaders, 1985 2003


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Canada Now Has 42 Billion$ Global Leaders


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Invention And Innovation: Whats The Difference?


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Invention And Innovation: What s The Difference?

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Innovation Is Key For Canadian Global Leaders


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Innovation Is Key For Canadian Global Leaders

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Base FDI Policy On Reciprocity, Not Net Benefit


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Base FDI Policy On Reciprocity, Not Net Benefit

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p


or nnova on


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The Innovation Imperative: Steps To Canadas Prosperity


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p p p y

Attitudes

an ever more competitive world ema n e erm ne o c ose e prosper y gap

through aggressive attitudes toward making

innovation happen

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p p p y

Investments

critical for innovation on nue nves ng n peop e or ana a s

competitiveness

Increase business investment in research andeve opmen an n n orma on an

communications technology

Review provincial policies and programs on

incentives to attract businesses to Canada

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p p p y

StructuresDrive innovation through smarter public

Balance our public innovation strategies

international free trade agreements

Step up our efforts to increase trade with China,

States and the European Union

Replace the net benefit test for foreign direct

Explore policy options to improve venture capitalstructures

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Keep the friendly pressure on our US neighbours toresist protectionist impulses

Canadas innovation imperative


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Canada s innovation imperative

Ro er L. MartinToronto Reference Library | June 1, 2011

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Roger L Martin Canadas Innovation Imperative