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Innovation through Co-operative Education

Question:How do we work together to equip youth with the right skills for the future economy?
on 10/12/2016 1476309077
Introduction CAFCE (Canadian Association for Co-operative Education) is the voice for post-secondary co-operative education in Canada. Co-operative e .... Read more

Introduction

CAFCE (Canadian Association for Co-operative Education) is the voice for post-secondary co-operative education in Canada. Co-operative education (co-op) programs alternate periods of academic study and work experience in fields that are relevant to students’ programs of study. Students are given opportunities to test their theoretical knowledge in real-world contexts, explore a variety of careers before fully entering the workforce, and earn both valuable experience and compensation.

Co-operative education is a foundational part of Canada’s reputation as a nation full of innovative, skilled entrepreneurs. When students participate in co-op programs, they develop the professional skills — communication, teamwork, problem solving — that employees and creators need to thrive in the future economy. They’re also given the chance to watch and learn from existing innovators in their communities.

CAFCE recommends Industry Canada consider the following options as a means of furthering its Innovation Agenda:

Canada Innovation Co-op Grants

Startups and innovation businesses should be encouraged to hire Canadian co-op students through the establishment of a grant program.

How would this work?

The grant program would involve the development of partnerships between post-secondary institutions and businesses meeting a set of eligibility requirements. A portion of the grant funds would be put towards a percentage of students’ salaries, making it easier for small and medium-sized businesses to pursue innovation and plan for additional hiring.

The grants would be distributed across Canada’s provinces and territories based on a prorated distribution, i.e. more grants for provinces with a greater number of enrolled co-op students. The grants would also be spread equitably across the country’s various innovation sectors. A cap on eligible business size would be implemented to ensure the grants benefit startups and small businesses. The number of grant-eligible hires per fiscal year would also be restricted to ensure the grants’ reach across as many businesses as possible. Finally, an additional incentive could be implemented to encourage innovative businesses to hire students looking for their first co-op position.

What are the potential outcomes?

  • The creation of ground-level partnerships between startups and small businesses and post-secondary institutions (e.g. RIM’s relationship with the University of Waterloo)
  • Immediate incentives for innovation companies and startups who can support the hiring of co-op students.
  • Increased opportunity for students interested in pursuing careers in Canada’s various innovation sectors.

Co-op Entrepreneurship Program

A scholarship for co-op student innovators should be established, encouraging students to spend a term developing their own ideas and/or companies with fewer financial restrictions.

How would this work?

Scholarships valued at $10,000 per work term (four months) would be offered to student innovators intent on spending their terms developing their own ideas or enterprises. The scholarships would be distributed across Canada’s provinces and territories based on a prorated distribution and would be awarded based on applications. The collection of applications and delivery of funds would be coordinated with students’ post-secondary institutions and advertised on campuses and through institutions’ co-op programs.

What are the potential outcomes?

  • Canada’s innovative capacity would increase through the support and development of aspiring entrepreneurs in a co-op context.
  • The program would encourage the development of students’ entrepreneurial mindsets and innovation skills while still allowing them to experience formalized co-op programs. Students who haven’t actively considered entrepreneurship could be encouraged to give it a try by the provision of a considerable scholarship.

Mitacs Undergraduate & Graduate Co-op Program

Mitacs should expand its operations by introducing a series of co-op-specific awards at both the undergraduate and graduate levels. Co-op student recipients would spend a work term in a Mitacs-endorsed research environment, developing their skills and contributing to their employers’ innovative efforts. These awards would augment Mitacs’ existing efforts to expand and support research-based innovation in Canada.

How would this work?

Many post-secondary institutions already have a relationship with Mitacs because of its research funding, training, and support for international research collaborations. The new program would build on these pre-existing relationships and the associated infrastructure. The resulting co-op opportunities with researchers across the country would yield benefits for post-secondary institution, Mitacs, and its partners.

What are the potential outcomes?

  • Co-op students interested in research and innovation would have a new way to pursue appropriate employment within their chosen field.
  • Increased partnership between Mitacs and post-secondary institutions will reduce competition for talented students, and it can create opportunities for the sharing of knowledge and resources.
Credit: Canadian Association for Co-operative Education (CAFCE)

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Prediction innovation:Accuracy and possibilities

Question:How can Canada become the best country in attracting and developing talent?
on 07/01/2016 1467332184
A designed study need to be done to better predict what the future will bring us of new innovations and technologies.let us consider the current time .... Read more

A designed study need to be done to better predict what the future will bring us of new innovations and technologies.let us consider the current time a Zero start point.letu go back 5p years back and see the stand of technologies science and innovations.let us predict from the Zero start point moving forward 50 years and see what likely to be.let us analyze both datas by finding a group of creterias that are predictable.We will be more equipped to predict with more certainty and less errors.

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