The Innovation Multiplier: Building Canada’s Competitive Edge

Canada invests heavily in R&D but lags in commercialization output. Dr. Robert Cooper, top innovation scholar and Professor Emeritus, McMaster University, warns: “If Canada isn’t getting enough of a bang for its buck on its innovation spending, this could indicate insufficient support, resources, and capability for commercialization and scaling.”  Dr. Cooper notes: “The stakes couldn’t be higher—innovation and new products are the engines of growth and prosperity. When innovation investment fails to deliver results, businesses don’t just stagnate; they lose their competitive edge, revenues plummet, and their capacity to reinvest and expand crumbles. This isn’t just an economic concern—it’s a threat to Canada’s future competitiveness on the global stage.”

In reaction to Prime Minister Mark Carney’s release of the Canada Strong 2025 Budget, three of Canada’s leading authorities, Dr. Robert G. Cooper, Michelle Jones, and Brian Hartman, discuss how to empower and equip Canadian businesses to lean into a more ambitious innovation commercialization strategy by integrating three enablers to create what they call Canada’s Innovation Multiplier effect.

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