Innovation. Noun. A new idea, method, process. Synonyms: change · alteration · revolution · upheaval · transformation · metamorphosis · breakthrough · new measures · new methods · modernization · novelty · newness · creativity · originality · ingenuity · inspiration · inventiveness · a shake up
Dictionaries may be able to define the term, but that doesn’t easily translate into concrete action plans for a government to lead an economic transformation.
At its most basic, innovation is about making things better in ways that benefit everyone. Innovation isn’t always based on technology. Any idea can be transformed into a simple solution that results in new products or services. Innovations can create entirely new jobs, markets and industries that never existed before. And they can give existing industries a new lease on life by making them more productive and efficient.
- Canada has failed at innovation for 100 years. Can the Trudeau government change that?, National Post, Feb 23, 2017
- How will Ottawa spur innovation in Canada? Here’s 15 ideas Trudeau’s cabinet is almost certain to consider, National Post, Feb 24, 2017
These articles refer to three important source papers that are worthwhile reviewing:
- Canada’s Low-Innovation Equilibrium: Why It Has Been Sustained and How It Will Be Disrupted, Peter Nicholson in Canadian Public Policy, November 2016
- Unlocking innovation to drive scale and growth [700KB, pdf], Advisory Council on Economic Growth, Feb 6, 2017
- Towards an Inclusive, Innovation Canada – Volume 1 [pdf, 19MB], Mike Moffatt and Hannah Rasmussen for Canada2020, February 2017
Earlier this week, University of Toronto News profiled Professor Dan Breznitz, one of the world’s leading authorities on innovation.
How do we transform Canada’s economy to be more innovative? This will be a core theme at The 2017 Canadian Telecom Summit, taking place June 5-7 in Toronto.
Have you registered yet?