The following was written by Darren Fast, Director, Technology Transfer, University of Manitoba, and published by The Conversation on April 22, 2018.
There has been increasing interest in developing a strategy that takes advantage of Canada’s research expertise to turn it into economic advantage for our country.
A great deal of research is undertaken at Canadian universities and colleges — more than $6 billion in total research expenditures were reported by the Association of University Technology Managers’ Canadian Licensing Activity Survey in 2015.
We’ve had big success stories. Canola is a great example of how research at universities became an economic boon for the entire country; there is now about $26 billion annually in economic activity generated by canola.