How to Make Canada an Innovative Country

Adherence to an economic strategy based on knowledge will determine Canada's success and progress in the twenty-first century. Canada, once a center of innovation, is presently confronted with a number of economic challenges as a result of the changes in marketing brought on by globalization. The rapid advancement of information and communication technology creates a new obstacle for the Canadian economy's survival. Nevertheless, Canada is home to one of the first technical behemoths. The pacemaker, insulin, and electric ovens are just a few of the innovations that were developed in the area. The challenges to innovation being experienced in the region currently with regards to innovation are a culmination of the convergence of the global economy towards a knowledge-based economy which is mostly predicated on technical know-how rather than the tangible resources. In recognition of the immensity of innovation for the sustenance of the Canadian economy, Budget 2017 has stressed immensely on the incorporation of innovation and skills plan to facilitate nation’s economic assent.

Part 2 of Chapter 1 of the Canadian 2017 budget implicitly addresses the measures that will be taken to facilitate the incorporation of innovation in to the daily operations of the average citizen. Despite the availability of relevant and several recommended measures on ways through which innovation can be promoted in the country, a new approach to supporting Canadian innovators provides the most appropriate intervention. The intervention will facilitate the bringing of Canadian innovations to market, streamlining the Canadian Innovation programs and the attraction of investment and encouragement of growth in Canada.

Considerations

An increase of support for Canadian innovators presents several advantages that can be used to augment innovation in the region. The initiative serves the purpose of empowering business minded innovators to find and secure the support that they need. To facilitate its application in the country, several factors will need to be considered:

• Review and examine several innovation programs that are instituted in many departments to determine ways through which they can be simplified and consolidated. The review facilitates the determination of those programs that are inefficient. Identification of faulty programs provides the country with the information and data that is required to re-diversify funds into other more viable programs. A review of the innovation programs further provides the state with the moral authority to infer on the programs that can be turned into propitious initiatives. The review of the many departments allows the collection of the most appropriate innovation technology and thus the prevention of future stagnation which would have been occasioned by the limitedness of the review.
• The provision of client-centered approached which is augmented with readily accessible application processes to facilitate quick response and assistance that is extended to the innovators. The initiative will serve the purpose of accelerating the innovative ventures and inspiring quicker and more efficient innovations in the country.
• Committing to the reinforcement of focus on data in the comprehension and development of reports to Canadians on the influences of federal support on the country’s innovation. Information that is extended to Canadian’s on the commitment of the State to innovative interventions provides the pillar by which productive and meaningful technological advancement can be achieved.

Recommendations

To further the efficiencies of the support that is extended to Canadians, there will be need to engage several actions:

• Increased funding and commitment to the promotion of quality and technologically inclined education. Essentially, every Canadian deserves to learn and apply their knowledge to the improvement of the Canadian economy. There will be an increased need to support, both financially and socially, part time students to ensure that innovative knowledge is disseminated to the majority of the citizens.
• Increase the threshold for eligible Canadian part-time students to ensure more of them are supported in the learning process.
• The state should commit itself to the aiding of the citizens on their pursuit of their job opportunities. Increased funding on the learning programs ensures that a larger volume of technical knowhow is spread which will in turn facilitate the growth of innovation.
• Instituted federally regulated employees power and freedom to demand for a flexible work schedule to allow them the freedom and time to pursue their innovative goals. The individuals should be allowed the opportunity to work from home and the possibility of assuming increased responsibility which is very important for innovative growth.

Conclusion

Supporting innovation and innovators in Canada provides a medium through which the state will be able to inspire the innovative spirit among the Canadians. Reviewing and vailing innovative programs enables the determination of programs that are viable and innovation-inclined. The support that is extended to the citizens should address both the social and financial support. Most of the students are unable to pursue innovative-inclined courses because of the financial limitations. Subsequently, innovative knowledge becomes limited and stagnant. Lastly, empowering the employees to request for more time to pursue their innovative ventures.The initiatives will serve to augment Canada’s innovative levels.