Innovation: Opportunities without frontiers

May 2011
OECD Observer;May2011, Issue 284, p46
Academic Journal
The article focuses on the need for innovative businesses in Canada. It notes the study in 2008 which reveals that the venture capital for start-up companies in the country account for 0.08 percent of the gross domestic product (GDP). According to the author, the lack of risk capital impacts the ability of the country to grow global companies. The government spending in Canada for businesses and research and development (R&D) was also outlined to be below the average of 1.6 percent.


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