article

Southern Ontario should be an innovation cluster, not a farm team

[WHAT]

1. ] byPATRICK DEANE, MERIC GERTLER AND FERIDUN HAMDULLAHPUR @ theglobeandmail.com - 

[WHY]

1. ] 

[WHERE]

1. ] READ THE FULL ARTICLE
1. ] http://www.theglobeandmail.com/report-on-business/rob-commentary/southern-ontario-should-be-an-innovation-cluster-not-a-farm-team/article27941198/

[WHEN]

1. ] 2016-01-03

[EXAMPLE]

1. ] At the Waterloo Innovation Summit in September, Steve Blank pointedly wondered whether we should be content to let Southern Ontario be a farm team, continuing to leak talent, ideas and companies south to the United States. Instead, shouldn’t we try to build an unique ecosystem that generates, attracts and retains talent, and stands tall on the world stage?
2. ] We’re already a world player with a strong higher education system, an enviable immigration record and generous research and development provisions, all conducive to nurturing innovation. And with a lower Canadian dollar and accelerating U.S. growth, it would appear we’re on the right path.
3. ] Truly innovative economies and ecosystems are anti-fragile. They aren’t just resilient in the face of change – they thrive on it. This is the economy we envision for a Southern Ontario innovation supercluster driven by Toronto, Waterloo and Hamilton. 
4. ] 

[HOW-TO]

1. ] Turn taxpayers into equity partners and give the public a share of the upside.
2. ] Support firms that can scale up by connecting them to successful mentors, addressing gaps in our venture financing systems and leveraging public procurement strategically.
3. ] Inculcate a culture of risk-taking that rewards rather than penalizes failure, that fosters adaptability and learning from mistakes.
4. ] Co-ordinate investments in research areas with both the highest success rates and strongest growth potential, from regenerative medicine to quantum science; from advanced materials to environmental technologies.
5. ] Invest in organizations that drive local economic development and quality of life, from civically minded governance bodies to cultural institutions.
6. ] Ensure that our immigration rules make us a destination of choice for high-potential individuals.

[REFERENCE]

1. ] SRC = /r/canadapolitics, comments

 

Details

ID: 4894

NAME: southern-ontario-should-be-an-innovation-center

DESCRIPTION: ] byPATRICK DEANE, MERIC GERTLER AND FERIDUN HAMDULLAHPUR @ theglobeandmail.com - things we "should" be doing

AUTHOR: article.author/s

EDITOR: article.editor/s

PUBLISHER: article.publisher/s

STATUS: Write

PRIORITY: -5

OWNER ID: 75

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