During a speech today at the Creative Economy Summit, the Minister of State for Science and Technology, Gary Goodyear, announced that Canada will continue to make key investments in science and technology.

“Through our government’s science and technology strategy, we are keeping our economy strong, creating high-quality jobs and ensuring Canada is a premier destination for the world’s top researchers.  By supporting innovation, we are not only encouraging cutting-edge research but also bringing promising creative ideas to the marketplace.”  (Gary Goodyear)

In regards to SR&ED, the federal government is currently studying the recommendations of the Jenkins report, and while they do not necessarily subscribe to all of the recommendations, they agree with the need to address the challenges present in business-related R&D.  Gary outlined the achievements of Canada’s science and technology strategy, which is aimed at attracting and retaining the world’s brightest researchers, increasing R&D investment, and commercializing promising research.