Create systems to encourage business investment

Question:How can we increase demand for science, technology, engineering and math graduates?
on 07/10/2016

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Imagine a new self-sustaining non-profit enterprise, founded and led by Canadians, that becomes the global leader in linking innovation to business.

The idea is to build a platform where new patents are examined and vetted by experts, where inventions are matched to industry needs, and where new opportunities for pure and applied research are aligned with commercial interests.

Such an enterprise would promote Canadian ingenuity and generate market intelligence to guide policy decisions; it would identify barriers to commercialization and promote solutions; and it would make Canada the destination of choice for scientists, technologists, engineers and mathematicians.

Comments »

Bruce Bailey by Bruce Bailey
07/11/2016

Develop industry champions who must meet a standard of excellence for bringing products to market.  Then align the innovation with the industry champion, eliminate the red-tape, and let the entrepreneurial spirit of Canadians lead the way.  

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Michael Van Belle by Michael Van Belle
07/11/2016

Such a concept would receive support from the business community that would welcome a resource that vetted ideas and provided access to high-quality innovations and new technologies relevant to their areas of commercial interest.

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RIchard Coulson by RIchard Coulson
07/11/2016

A great idea!  The number of Canadian who seek the assistance of Patent or Invent help websites and end up spending 10s of thousands of dollars for a piece of paper and a patent application is astonishing.  They are then left wondering what is next and how to proceed, it is a shame.

To provide individuals and companies with the assistance (not necessarily financial) to successful bring an idea or a product to market or kindly inform them that the idea is not a good one at an early stage would a great organization to be a part of.

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Gary Brownstone by Gary Brownstone
07/11/2016

Sounds great.  How can I help?

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Steve Leach  Steve Leach 
Gary, please send me your coordinates -- sleach@ridoutmaybee.com

Timothy Ley by Timothy Ley
07/11/2016

Steve, the concept of a non-profit central repository / review / clearinghouse  sounds wonderful - and very Canadian. However, if we look to the US (one of the most prolific new business generators) as well as our common experience with a new business it seems to me that new business creation is best served with a system that rewards survival of the fittest and tolerates failure. Successful new businesses / new technologies require a driven champion to capture interest / investment / people. Such a champion will fight for and find what they need. A system that offers mentoring, business and technical advice plus encouragement is great. However, it also needs to quickly push the new bird out of the nest. In Canada the greatest challenge for entrepreneurs are a lack of risk tolerant investors and insufficient leadership talent with early-stage business building experience. As you and I have seen, Canada has a growing Angel network but that network is constrained by the limited industries from which they come

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Rick Froese by Rick Froese
07/11/2016

Innovation is the key to long term economic growth and this would address the issues that innovators face.

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Christopher Belchers by Christopher Belchers
07/11/2016

Following a career in professional accounting & auditing, management consulting, and general management, in recent years I have become a co-founder and full-time CEO of an advanced engineering technology start-up.  Based on my experiences, I welcome and wholeheartedly support Steve's proposed initiative.  Amongst other things, it helps to address two critical constraints faced by most start-ups in the Canadian economy.  Firstly, the risk-averse culture that is prevalent in Canadian business and financial markets.  Secondly, the lack of access to capital in Canada, unless you happen to be a large, well-established operation.

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Shawn Dellegar by Shawn Dellegar
07/12/2016

Such a great idea to promote innovation.  Let me know if/how I can help.

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Wally Earle by Wally Earle
07/12/2016

Great Idea, been around a long time and it would be nice to see it up and running. I fully support the idea.

Good Luck

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Abe Verghis by Abe Verghis
07/12/2016

Innovation should be at the heart of the Canadian manufacturing engine and is fundamental to ur continued job growth & self-sustnance. The federal government touts 11,000 new business' every year while at the same time limits the tax incentives for innovative ideas. Scandinavian countries seem to do it best and we should look to emulate strategies that link education, infrastructure, human capital and market/business sophistication. Another key indicator for strong innovation is to increase expenditure on basic education and to increase focus on graduates of science and engineering. Canada was a global leader in the 50's and 60's for innovation, the key word being "WAS".

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Ramesh Chittur by Anonymous
07/12/2016

For investors, a degree from an elite institute does make a difference. There seems to be some sort of a connection between a good educational pedigree and entrepreneurial success. Getting exposure to entrepreneurship during university/college is one of the strengths for top institutions. Every university/college has a different ecosystem to support entrepreneurship and a few  colleges have over the years developed a social network that supports entrepreneurs.

Yes, there is a great need to improve science, technology, engineering and mathematics (STEM) in Canada. Perhaps we need to  motivate students starting at grade school and make science attractive by creating good labs and infrastructure. Primary, secondary and post secondary levels must work in concert towards the same goal. In order to achieve such an objective, the state must have an integrated policy in improving education. It makes little sense to promote science and mathematics in the primary and secondary level and do not fund or promot

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David Carter by David Carter
07/13/2016

Has anyone seen a competitor to this that is not preying on people to file patents

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Mark Farrell by Mark Farrell
07/14/2016

Great idea Steve!

Matching patents and IP to critical industry needs and problems to provide rapid solutions for the future of Canadian industry is paramount. Showcasing and/or connecting scientists, engineers, and inventors with industry funding/licensing to exploit their patents while targeting major industry problems with protected IP/patented novel solutions is the way to go, and for Canada to grow. Applied science and knowledge-based assets can be quite lucrative for all parties involved, depending upon the size of the market, or game changing impact of the technology being commercially exploited. Patented IP is safe IP that can be wholly owned and legally protected against infringements. Everything depends upon the quality and breadth of the patents, and the expertise that is applied in crafting the original patent application is what dictates the likelihood of success in not only getting the patent granted, but also the speed in which the application gets through the reviewing and issuance p

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Alan Sawula by Alan Sawula
07/15/2016

Every time an innovation and an immediate industry need fail to connect, we all lose. These tragic missed opportunities need to be addressed if we are to reap the full potential of our current innovation initiatives and commercial operations.

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Tammy Hwang by Tammy Hwang
07/18/2016

This is a great idea. Too many times have we heard about patents that get filed but put on a shelf and forgotten. This is a great way to encourage the innovation that is existing and get businesses to create interesting business models from these existing ideas.

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Randy Hendriks by Randy Hendriks
07/18/2016

Excellent. Anything that can be done to more clearly support matching  research and commercial interests would be a step in the right direction!

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Atomtonic Digital Innovations by Atomtonic Digital Innovations
07/21/2016

Excellent idea Steven! This is an amazing initiative to spearhead the concept of research into commercialization. Amazing step forward! I am happy to help and assist in any way possible

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