Government funding essential to spur innovation

So what say we just cut back on it, shall we? Oh wait - no - I have an idea - let's shackle it to industry players that don't think past the next quarter. Oh wait - get this - you'll love it - let's do both. Isn't that great?

By moving away from its current reliance on indirect measures like tax credits, the report says the Canadian government could do much more to spur innovation success and ensure that its rewards are shared more fairly.
“By seeing (the state) as an impediment to a dynamic private sector, as something that needs to get out of the way ... (business) isn’t empowered to do big, bold things,” says Jonathan Sas, Broadbent’s director of research.