Innovation and productivity
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Innovation and productivity

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  • 05/24/13

Innovation and productivity Innovation and productivity Presentation Transcript

  • Innovation & Productivity
  • For its people to lead healthy, satisfying lives, Atlantic Canada desperately needsmore innovation.Productivity does not necessarily mean working longer hours or even workingharder. It means increasing output for each hour worked, and this is whereinnovation comes in.The Important IssuesSource: Kevin Lynch
  • In this year’s World EconomicForum’s global competitivenessranking, Canada slipped from 12thto 14th in its overall ranking, scoringbehind China.While Canada has slipped relativeto its peer group, Atlantic Canadafor the most part has been near thebottom of national innovation andproductivity scale for most of thepast decade.Newfoundland and Labrador is apositive outlier, measuring up wellin total productivity, but it too lagsbadly in the key metric of R&Dspending as a % of GDP.The Important Issues (continued)
  • We suffer a risk-averse business culture; chronic under-investment in machineryand equipment and inefficient and insufficient support for innovation.Universities, to their credit, are overwhelmingly responsible for R&D within theregion, which is why our total investment in R&D, while below the Canadianaverage, isn’t nearly as bad as the comparable business investment in R&D.The Important Issues (continued)
  • Our universities have not been very successful in commercializing technologies.That is primarily the role of business, and the business community perceivesacademia as being difficult to engage with in meaningful relationships, and likelyvice versa.There is a general lack of public awareness about what is being done on collegeand university campuses and how business can play a role in commercializingthe schools’ discoveries.There is also limited knowledge in the private sector of awareness of governmentprograms to support R&D collaboration.The Important Issues (continued)
  • Not all is Doom and Gloom:Recently each Atlantic province has highlighted innovation and productivity aspillars for future growth.There are pioneering programs to bridge the gap, such as Springboard Atlantic,which acts as a link between business and the universities’ research capacity, andAcelR8, a New Brunswick program aimed at knitting together innovative clusters.there are massive capital programs underway in Atlantic Canada – such as theMuskrat Falls hydro project, and the ship building contracts.The Important Issues (continued)
  • What’s NeededWe need to reorient our competitivenessapproach to one based on productivity andinnovation—continually turning new ideas intonew, commercially viable, goods and services.We must invest in advanced skills andprocesses that stay in the region.Our businesses must do more to invest in anddrive innovation.We need to reorient our competitivenessapproach to one based on productivity andinnovation—continually turning new ideas intonew, commercially viable, goods and services.We must invest in advanced skills andprocesses that stay in the region.Our businesses must do more to invest in anddrive innovation.
  • Private companies must play a lead role in innovation. They have to understandit, invest in it and manage for it. There should be increase the collaboration andalignment between university and industry R&D, making university researchcapacity more accessible to private companies.– Private companies should approach the universities’ industry liaison offices withchallenges they face.– Universities must leverage the private sector investments with government programsand build research capacity relevant to the challenges of business.Our “Big Ideas”
  • We would like a refined and expanded role of Springboard Atlantic as a keycontact point and relationship-builder between industry and academia.– Develop a prospect list of the top 300 companies in Atlantic Canada that could growtheir businesses through increased innovation and productivity.– Visit all 300 companies over the next 12 months to educate, engage and find realrelevance for collaboration.– Work with industry associations to identify common research agendas and work with themembers and universities to develop meaningful R&D.We’d like regional chambers of commerce to commit to help educate the privatesector on the importance of R&D.– Establish a private sector–university council on innovation, comprised of private sectorleaders and university vice-presidents of research, with the intention of aligningbusiness needs with university research.Our “Big Ideas” (continued)
  • Atlantic Canadian innovators need an accelerator to support and mentor ouremerging start-ups and companies looking to innovate (similar to Communitech inWaterloo). The recently launched Volta, is a great start and deserves oursupport.It should be easier for students, including international students, to be hired bycompanies by leveraging existing partnership programs.– Private sector companies should invest in internships under the federal Mitacs andNSERC programs.– Chambers of commerce to play a lead role in educating members on the value of theseprograms.Our “Big Ideas” (continued)
  • We need to improve the regional capacity for innovation.– Create an ‘ideation space’ where businesses can come together to generate ideas.– Create a mentor bank to help make matches between companies looking for advice,connections, or introductions with experienced business leaders eager to give back.We should our provincial governments to have strategic procurement programs inplace to enable innovative technologies.Our “Big Ideas” (continued)
  • The big ideas outlined are appropriately ambitious, hopefully exciting, but they arenot “blue-sky impossible” – far from it.They will flow from the collective product of thousands of personal actions takenby committed, passionate individuals like us who want Atlantic Canada tosucceed in the changing and challenging world arena.On the following slides is a list of some things you can do, as a business leader inour region, to help create a better Atlantic Canada.What You Can Do
  • Commit to increasing your firm’s investment in R&D.Approach a university’s industry liaison office to see how you can work with theinstitution’s researchers or tap into its projects with the challenges you face.Get involved in regional chambers of commerce and help to educate the privatesector on the importance of R&D.Investigate and use the Springboard program—Invite Springboard Atlantic intoyour company to learn about university research, and how you may link into thiswork.Set aside “blue sky” innovation time at your companies.Learn about Mitac and NSERC and offer a Mitac or NSERC internship program.What You Can Do
  • Support and or participate in the launching of:– an ideation space– a mentor bankIf you are a young university or college graduate, consider turning your researchinto a new business, or working with an established company in the region.What You Can Do
  • Thank you for your helpwith this importantinitiative