Entrepreneurial and creative society

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National Innovation Voucher Program - Students Gain Experience in Startups

Question:How do we work together to equip youth with the right skills for the future economy?
on 07/20/2016 1469030961
Take great provincial examples like BCIC Innovator Skills Initiative and the Nova Scotia Productivity and Innovation Voucher Program and create a nati .... Read more

Take great provincial examples like BCIC Innovator Skills Initiative and the Nova Scotia Productivity and Innovation Voucher Program and create a national effort to supply students with applied knowledge and skills through working directly in startups/SMB environment. At the same time ,you will be building stronger linkages with businesses, universities, colleges and research organizations and exposure to entrepreneurship career stream.

Provinces that already have programs in place will maintain their inter-province competitive advantage and either expand scope and eligibility of students and firms. They could also have the option of providing voucher for ICT skills development of existing employees like the B.C Micro Business Training (MBT) Program.

Federal government can have the oversight to ensure all provinces all equipped at a high standard and the provinces can choose to expand scope of program or eligibility to differentiate themselves in the clusters they have deemed a priority.

Links to examples below:

http://bcic.ca/programs_initiatives/current/bcic-innovator-skills-initiative/

https://innovacorp.ca/acceleration-initiatives/productivity-and-innovation-voucher-program

https://www.linkedin.com/company/micro-business-training-pilot-program

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Fostering Innovation from Non-Traditional Sources

Question:How can Canada become the best country in attracting and developing talent?
on 10/27/2016 1477536302
In a true innovative culture, innovation can and does come from many different sources.  Some may be traditional established companies or university .... Read more

In a true innovative culture, innovation can and does come from many different sources.  Some may be traditional established companies or university researchers, but in the modern age where access to information and ease of networking, collaborating and sharing of ideas have never been greater and “crowdsourcing” is increasingly becoming common, significant innovation is also being driven outside of these traditional sources.  Small startups, individual entrepreneurs, researchers and hobbyists, private collectives of innovators such as “hacker spaces”, and student teams and organizations are all filled with highly talented people and highly original ideas.  Moreover, these small, non-traditional innovators are typically much more nimble and have far less overhead than their larger, more established counterparts and as such can do “more with less”. 

Moreover, their work serves not only as a potential source of commercially viable products, technologies and future companies, but also as a direct, hands-on means of fostering learning, skills development and creativity that is invaluable in helping those who engage in it to reach their full potential as innovators and contributors to the creative economy.

To truly foster a culture of innovation, the government and its agencies should actively strive to make Canada among the most favourable countries in the world for this rapidly growing group of innovators.  The government should make it policy to recognize the existence of these small, non-traditional innovative groups and individuals as potentially valuable sources of both innovation and hands-on skills development, and ensure that support is specifically available to them that recognizes and is responsive to their unique needs, capabilities and situation, rather than being solely available to or heavily biased towards larger established companies and universities only. Such support may take the form of grants or funding, but could also include tax incentives, access to government facilities and government experts.

Not all innovators are the same, and the needs and abilities of individual or small groups of innovators are inherently different from those of large organizations, established companies and universities.  By ensuring support is specifically available to individuals and small groups engaged in innovative work, this large and growing source of innovation can be encouraged.

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Ensuring that SMEs Have Access to Skilled Employees and Encouraging the Next Generation of Innovators

Question:How do we work together to equip youth with the right skills for the future economy?
on 11/04/2016 1478282522
Skilled labour remains the top concern of SMEs looking to innovate. As significant funds are already being invested in post-secondary institutions, go .... Read more

Skilled labour remains the top concern of SMEs looking to innovate. As significant funds are already being invested in post-secondary institutions, governments must ensure that these investments translate into actual results for small businesses. The focus should remain on job-ready graduates who are able to fill labour gaps across sectors of the economy.

  • Work with the provinces to reform the education system to improve basic skills training, including building job-readiness skills, and to reach out more to the small business community when creating curriculums;
  • Better co-operation and coordination with other levels of government, as well as post-secondary institutions, to focus funding on programs linked to the employment market;
  • Better communication by governments with small business owners on which programs and services that may be able to assist with training in their business.
  • Review existing tax credit programs to promote hiring and retention, and introduce new tax credits such as an EI training credit or EI holiday for youth hiring that recognize the investment in both formal and informal training made by small employers when they expand their payroll;
  • Recognize the importance of informal training in small businesses by designing a federal training tax credit based on existing government reporting and filing requirements, such as payroll-based EI;

* For full list of recommendations, see attached CFIB report on SMEs and innovation, Beyond the Big Idea: Redefining and Rethinking the Innovation Agenda 

 

Credit: Canadian Federation of Independent Business

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Allowing easier and faster access to human resources to help SMEs innovate

Question:How can Canada become the best country in attracting and developing talent?
on 11/04/2016 1478282835
Streamline temporary and permanent immigration programs to allow easier and faster access to human resources to help with innovation. Recent changes .... Read more
  • Streamline temporary and permanent immigration programs to allow easier and faster access to human resources to help with innovation. Recent changes to the Temporary Foreign Worker Program are a step in the right direction in helping employers deal with labour shortages, and we hope the government’s review of the program will result in effective changes to the program;
  • Ensure that the number of economic migrants allowed into Canada is not reduced so that employers can continue to access the skilled workers they require.

* For full list of recommendations, see attached CFIB report on SMEs and innovation, Beyond the Big Idea: Redefining and Rethinking the Innovation Agenda 

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Support entrepreneurs who develop entrepreneurs

Question:How do we work together to equip youth with the right skills for the future economy?
on 12/02/2016 1480715966
INTRODUCTION Mining requires a complex network of skills in engineering, business, and trades.  These skills are developed by a strong educational s .... Read more

INTRODUCTION

Mining requires a complex network of skills in engineering, business, and trades.  These skills are developed by a strong educational system that teaches science, technology, engineering, financial literacy, business, math, social science and the arts.  However, young people must also learn how to embrace change, take smart risks and be resourceful. In the workforce, a great way for young people to build technical competence while practicing these soft skills is through the long-term application under the advisement of a competent entrepreneur or business leader.

The Ultra-Deep Mining Network (UDMN) is a Business-Led Network Centre of Excellence comprised of mining industry leaders, academia, mining supply and service companies.  UDMN believes in equipping entrepreneurs  and young thought leaders with the right skills and experience for the future economy through active roles in UDMN supported projects. The concept of a business-led network provides a challenging environment that attracts the most skilled and creative thinkers, thus providing connectivity and global visibility to accelerate their careers.

CHALLENGES

For entrepreneurs, the task of training the next generation of entrepreneurs can be extremely valuable, but risky.  When a promising young employee begins work, they often lack the experience and skills to perform at the same level as a tenured employee.  Sometimes when an entrepreneur invests upfront in young employees (through training, education and mentoring), they decide to take their new skills and leave the company for a competitor or become an entrepreneur themselves (and perhaps a competitor).  

SOLUTIONS

It is important to train mining industry entrepreneurs the skills necessary to mentor young professionals, while also ensuring they have the right growth mindset necessary to value mentorship. This could mean direct, sector specific training and support for hiring, leadership, and implementing tactics for developing talent, along with courses on leadership for enabling business growth.  By expanding Canadian entrepreneurs’ management capabilities, we secure the best trainers for the next generation of Canadian entrepreneurs.   

*Note:  For information about the Ultra-Deep Mining Network, please visit: https://www.miningdeep.ca/

Credit: Ultra-Deep Mining Network

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