110 research outputs found

    Bridging Canadian Technology SMEs Over the Valley of Death

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    This comment analyses the Panel report and finds that its main diagnosis is correct: Canada's BERD is low. The Panel report is fairly silent about the necessary improvements to Canada's innovation system. This comment suggests that while Canada's tax credit for R&D and Industrial Research Assistance Program (IRAP) are useful programs, they need to be complemented by other direct incentives that may help small technology firms to cross the "valley of death", complete proof of concept and become eligible to venture capital. The US Small Business Innovation Research (SBIR) program, imitated by Japan, is the best model for such an incentive and Canada should consider its adoption.Review, innovation, productivity, Industrial Research Assistance Program, Small Business Innovation Research program, public policy

    La multinationalisation des pétrolières canadiennes

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    Canadian foreign direct investment in the oil and gaz industry has been growing at a very rapid pace during the seventies and early eighties. Traditionnally oriented towards the United States, it is now flowring towards the United Kingdom and other North Sea Countries, the Mediterranean, Indonesia and Australia. Increasing oil prices and profits, mainly in international operations, explain the growth of many Canadian independent. These international firms are not already truly multinationals: they produce oil and/or gaz in two to four countries, but the extent of their exploration and development activities is leading them towards a more global activity.The article is organized into three sections. In the first section the patterns of ownership and control in the Canadian industry is shown, including the emergence of local companies and the "Canadianization" process of the seventies; in the second one, the multinational expansion of Canadian firms is analyzed using agregate data; in the final section the main results are summarized and some forecasts are made on the future evolution of Canada emerging oil multinationals

    R&D support for the aerospace industry

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    Avant-Propos

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