What is your definition of “innovation”?
Innovation is about pushing boundaries; finding a solution where others see a problem; and creating new ways of thinking, doing, and relationship building. For generations, Canadians have been at the forefront of discovery. We are a prosperous and competitive nation, adapting and thriving in a rapidly changing economy.
Why is it important for companies to innovate and invest in modern technologies?
In a globally connected world and an increasingly digital economy, businesses must continue to innovate and invest in modern technologies to remain competitive on the world stage. This is why, in 2015, our government began its work with a mandate that prioritized investing in innovation and job creation. We built critical infrastructure, modernized regulations, and invested in Canadian innovation so that companies could compete on the global stage. Our government created the first-ever Innovation and Skills Plan, which has redefined Canada’s innovation ecosystem, helping thousands of Canadian companies start-up, scale-up, and create one million new jobs.
What advice can you give to Canadian businesses looking to make the most out of their investments in innovation?
My advice would be to check out innovation.canada.ca to learn more about the tailored supports our government has for you. We know that entrepreneurs are busy. To help you access government programs and advice, we launched the one-stop-shop website where SMEs can enter just a few details about themselves and find out all the government programs for which they are eligible. We also launched the Canada Business App that brings the world of government programs and services to your phone and provides helpful notifications for entrepreneurs and business owners. I would also say to remain curious, creative, and bold. This entrepreneurial and innovative spirit long ago situated Canada as a global leader.