2024/3/28
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Canadian Government Support Innovation Program
According to the report from DAWANEWS that the federation of Canada had set up special department for supporting the enterprise new creation development for a long time. In 1950s last century, the government launched a plan for supporting the small and medium size enterprises in industrial research and innovation. Since 1990s, innovation became the important standard for judging the Comprehensive strength of a country in this global knowledge economy era. Thus, Canada special department for innovation added more program plans for taxation ,hi-technology, environment and related fields. All the programs improved the Canadian enterprises innovation capability .
In 21st century, Canadian government adjusts its plan to complying with the world development in the following aspects:
Industrialization Research
The core of the comprehensive innovation plan is industrial research and marketing research for enterprises innovation. Commercial development bank Canada sets up a fund for prompting and assisting enterprise innovation, especially the industrializational innovation.
The government invests to enterprise construction like this subject to enterprise’s own character. In the innovation links of base and application study, technology development, manufacturing and sales, the latter links, the more advantageous the enterprise will face. Therefore, it is common for Canada government to take the most advantageous and most dangerous study and development as the key. On the other hand, it is relative with Canada government’s acknowledge to innovation. They think that innovation process will be finished only when new products and labor formed because the innovation is the process from new knowledge to treasures. That is why the Canada government pays much attention on constructions of latest thought and conception.
Transition
At the beginning, the government reduced taxation in research and development in order to support the innovation. After that , direct finance assistance was the main form for supporting innovation. And now, creating a better environment for research and development is the leading trend.
The changes of innovation supports showed that the government pays great attention to the enterprises development. When the government realized the economic support was just the traditional way for saving cost they adjusted the strategies and found a better way that is to know what is the enterprise real need and try to create a better innovative environment to meet the need .
The impact of the innovation plan
What the Canadian government did to support innovation gives great impact on the Overseas Chinese society. If you want to know more about the government plan for supporting enterprise innovation ,please feel free to contact us.

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