The Polytechnics Canada submission has three key recommendations for improving the public-private partnership model of R&D (what we call P3RD):
- Implement a national commercialization voucher program that allows Canadian firms to choose the late-stage commercialization support they need, as recommended by the OECD study;
- Increase funds for the College Community Innovation Program to $50 million per year to address unmet demand from firms for innovation solutions;
- Expand the eligibility of NSERC’s Industrial Undergraduate Student Research Awards program to include college undergraduate students.
Fostering improved industry-academic collaborations through a P3RD model is an essential component of helping Canada improve its innovation and productivity. Reforming our approach to education along the way by providing a more modern approach to credential laddering and articulation will in turn foster greater education and training capacity throughout the economy. This can be understood as a productivity issue on the education system, and while Canada regulates education provincially, we have a unique opportunity to leverage federalism to enable greater mobility of highly qualified and skilled personnel across the life span. Life-long and life-wide learning will thus enable greater diffusion of innovation.
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