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We’re falling behind.
Canada’s place in the Global
Innovation Economy.
Dan Herman
Executive Director
DEEP Centre Inc.
The DEEP Centre: an entrepreneurial think tank
The DEEP Centre’s research informs action on
the two following axis:
1) Und...
Three key questions:
• How to do you build competitive companies?
• What are the investments in technology,
capital and pe...
WIPO Global Innovation Index 2015:
• 16th down from 8th in 2011
World Economic Forum Global Competitiveness Report 2015:
•...
SMEs who export ?
Less than 10% of SMEs export.
In Germany >40%.
BERD spending?
Of 30 OECD countries, the share BERD
under...
Canada’s R & D Performance – Inputs
Canada’s R & D Performance – Largest Companies
Canada’s Firm Performance – Outputs
• New entrants in the billion-dollar category
were predominantly in the energy sector,
with a net addition of 17 energy co...
• In knowledge-intensive sectors of the
economy, a high degree of churn sees no
change in the number of billion-dollar
fir...
The Good News….
• 146 business accelerators & incubators
• 2nd most entrepreneurial ecosystem
in the world
High-growth enterprises, as
measured by employment (or
turnover), are enterprises with
average annualised growth in
employ...
• Talent across sectors and disciplines enabled by strong links with
world-class post-secondary institutions;
• Enabling i...
Need to focus on scaling up growth
companies.
Tax policy and incentives needs to
reward growth not size.
Immigration refor...
For more:
Dan Herman
Executive Director, DEEP Centre
Waterloo
dherman@deepcentre.com
@danherman
Dan Herman GKWCC On innovation we're falling behind 1.20.2016
Dan Herman GKWCC On innovation we're falling behind 1.20.2016
Dan Herman GKWCC On innovation we're falling behind 1.20.2016
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Dan Herman GKWCC On innovation we're falling behind 1.20.2016

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Canada's innovation and commercialization performance lagging behind.

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Dan Herman GKWCC On innovation we're falling behind 1.20.2016

  1. 1. We’re falling behind. Canada’s place in the Global Innovation Economy. Dan Herman Executive Director DEEP Centre Inc.
  2. 2. The DEEP Centre: an entrepreneurial think tank The DEEP Centre’s research informs action on the two following axis: 1) Understanding the changing nature of entrepreneurship and innovation-enabled growth in the global economy 2) Assessing how governments and firms can adapt and foster innovation, economic growth and employment
  3. 3. Three key questions: • How to do you build competitive companies? • What are the investments in technology, capital and people that enable that success? • How do different levels of government facilitate that success? Our work – 250 interviews + a year with executives
  4. 4. WIPO Global Innovation Index 2015: • 16th down from 8th in 2011 World Economic Forum Global Competitiveness Report 2015: • 13th down from 10th in 2011 • 26th in business innovation OECD Productivity Report 2015: • Growth in Canada’s labour productivity over period 1995-2013 28th out of 35 Conference Board Innovation Report Card: • 13th of 17 countries, “D” grade Canada’s Relative Performance
  5. 5. SMEs who export ? Less than 10% of SMEs export. In Germany >40%. BERD spending? Of 30 OECD countries, the share BERD undertaken by large Canadian companies is the 8th lowest. Partnerships? Less than 20% of firms have worked with a college or university. Training & Development Employers spend on T&D has declined by about 40 per cent, from a peak of $1,207 per employee in 1993 to $705 in 2013 (U.S. employer spending significantly higher $1,071 per employee) Canadian Firms – leaders or laggards?
  6. 6. Canada’s R & D Performance – Inputs
  7. 7. Canada’s R & D Performance – Largest Companies
  8. 8. Canada’s Firm Performance – Outputs
  9. 9. • New entrants in the billion-dollar category were predominantly in the energy sector, with a net addition of 17 energy companies since 2003. • The consumer retail and wholesale sectors added 7 new entrants to the billion-dollar category. • The engineering and construction sectors added 4 new entrants to the billion-dollar category. • The transportation sector added 3 billion- dollar revenue firms. Canada’s Billion Dollar Firms: Oil & Gas …
  10. 10. • In knowledge-intensive sectors of the economy, a high degree of churn sees no change in the number of billion-dollar firms but wholesale changes in who those firms are. • Sectors such as healthcare and technology, for example, saw no net increase in the number of billion dollar firms. • The IT sector, however, features a large number of SMEs that are contributing to significant growth and employment. Canada’s Billion Dollar Firms: Knowledge Intensive Sectors
  11. 11. The Good News…. • 146 business accelerators & incubators • 2nd most entrepreneurial ecosystem in the world
  12. 12. High-growth enterprises, as measured by employment (or turnover), are enterprises with average annualised growth in employees (or turnover) greater than 20% a year, over a three-year period, and with ten or more employees at the beginning of the observation period. Contribute approximately 50% of net job growth. What Actually Matters: High Growth Firms
  13. 13. • Talent across sectors and disciplines enabled by strong links with world-class post-secondary institutions; • Enabling infrastructure and financing environment; • Government leadership in both policy and regulation; • Business culture that embraces risk and experimentation; • Anchor industry firms who absorb and circulate talent, dollars and ideas into their local ecosystems; • Universities that remain on the cutting edge of research, teaching and experiential learning. Growth Ecosystems: What’s Necessary
  14. 14. Need to focus on scaling up growth companies. Tax policy and incentives needs to reward growth not size. Immigration reform to ease flow of talent. Firms need to step up and compete. We have to decide if we’re going to play to win
  15. 15. For more: Dan Herman Executive Director, DEEP Centre Waterloo dherman@deepcentre.com @danherman

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