Recommendation
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Re-imagined Recommendation
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Create an Industrial Research and Innovation Council (IRIC), with a clear business innovation mandate (including delivery of business-facing innovation programs, development of a business innovation talent strategy, and other duties over time), and enhance the impact of programs through consolidation and improved whole-of-government evaluation. |
Create a Community Research and Innovation Council with a strong focus on campus-community collaboration. Have a three tiered strategy including research, training and knowledge mobilization. This strategy would include a focus on metrics to be able to measure and report on success. This Council would work closely with the Social Sciences and Humanities Research Council, the Canadian Federation of Humanities and Social Sciences and the United Way-Centraide Canada as well as other leaders in Canada’s social/community sector. |
Simplify the SR&ED program by basing the tax credit for SMEs on labour-related costs. Redeploy funds from the tax credit to a more complete set of direct support initiatives to help SMEs grow into larger, competitive firms. |
Create a tax system that provides incentives for investment in social innovation and social enterprise (see the Canadian Task Force on Social Finance). Revise laws governing non-profits such as Ontario’s Not-For-Profit Corporations Act which now allows not-for-profits to make a profit from commercial operations so long as those are reinvested into the organization. |
Make business innovation one of the core objectives of procurement, with the supporting initiatives to achieve this objective. |
Reframe spending on social programs into an investment in (“procurement of”) social services. Demand a social return on investment and create incentives so that continued investment is dependent on success as demonstrated by agreed upon metrics. |
Transform the institutes of the National Research Council (NRC) into a constellation of large-scale, sectoral collaborative R&D centres involving business, the university sector and the provinces, while transferring NRC public policy-related research activity to the appropriate federal agencies. |
Learning from the NCE New Initiatives in Knowledge Mobilization, invest in an expanded mandate for the National Research Council and the Networks of Centres of Excellence to support national networks of social innovators that include community, university/college, government and private sector partners. |
Help high-growth innovative firms access the risk capital they need through the establishment of new funds where gaps exist. |
Canadian Task Force on Social Finance – one place the social sector seems to be leading. |
Establish a clear federal voice for innovation, and engage in a dialogue with the provinces to improve coordination and impact. |
A federal minister for innovation must have two portfolios for commercial and social innovation but two portfolios that are not siloed. These two portfolios must enable collaboration across sectors. |