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OTTAWA Innovation Minister François-Philippe Champagne says the federal government is acting to ensure intellectual property developed in Canada remains in the country, following longstanding industry concerns about foreign firms capitalizing on domestic research and inventions.
Monday’s budget promised to fund advice for high-growth firms and startups and review IP provisions in Ottawa’s business-support programs. The government has also recently signalled greater scrutiny of foreign investments involving sensitive technologies and research partnerships. “Data and certainly intellectual property are going to be key in the economy of tomorrow,” Champagne said in an interview with
The Logic Wednesday. “I am willing to deploy all the tools that I have in my toolbox to make sure that this is staying in Canada.”
Federal government looks to “punch our way out of the COVID recession” with #Budget2021
The federal government has published its Budget 2021, which focuses on addressing the third wave of the pandemic and economic recovery. The commitments include targeted funding towards the tech and innovation sector as a way to support that recovery.
The Government of Canada called the budget “a plan to bridge Canadians and Canadian businesses through the crisis and towards a robust recovery.” Proposals include extending business and income support measures through to the fall and investments to create jobs. The Budget also includes plans to accelerate investment in the digital transformation of small and medium-sized businesses, and a focus on cleantech and creating inclusive workplaces, the latter of which includes a proposal to establish a $15 federal minimum wage.
iPolitics By Kady O Malley. Published on Apr 20, 2021 6:31am Border control was among the topics of the auditor general s report on pandemic preparedness. (Martin Regg Cohn/Toronto Star)
Amid another round of surging COVID-19 cases across the country,
PUBLIC ACCOUNTS members will take a closer look at the initial efforts by the federal government to respond to the first wave of outbreaks last year, courtesy of a briefing session with
Auditor General Karen Hogan on the findings of her report on “pandemic preparedness, surveillance and border controls,” which was tabled last month.
The committee will also hear from the heads of the two agencies that were the focus of the audit:
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Andrew Vaughan/The Canadian Press
The federal budget includes heavy commitments for innovation spending aimed at helping Canada’s economy climb out of its worst contraction since the 1930s.
It features billions of dollars of funding for life sciences and bio-manufacturing firms, quantum technologies, artificial intelligence (AI) as well as the third program in nine years to backstop venture capitalists.