This issue of Policy Perspectives provides an overview of results from a recent Mitacs research project examining what attracts (and deters) foreign direct investment in R&D to Canada, with a specific focus on Canada’s outdated intellectual policy regime.
This edition of Policy Perspectives was guest-authored by Val Walker, Director of Policy, Mitacs and Stephen Higham, Policy Analyst, Mitacs.
- BC has a high number of small businesses that contribute to a dynamic economy, but lack the capacity to make the province a leader in developing and commercializing new products or services.
- To strengthen its economic competitiveness, BC needs to grow businesses, in part by promoting collaboration between firms and universities through research partnerships.
- Stakeholders in BC must ensure that policies surrounding intellectual property are understandable and timely, to avoid deterring potential research partnerships and foreign direct investment in R&D.
- No consistency currently exists in IP policies in provinces across Canada or at individual post secondary institutions, making navigating commercialization challenges even harder for potential collaborators.
- BC institutions would be well-served by clear and consistent guidelines to follow when it comes to IP for their researchers and industry partners.
- Best practices exist that can serve as a guide, including Google’s Advanced Technology and Projects group that has recently created a collaborative agreement with universities called MURA – their multi-university research agreement.