Canada lagging behind in business R&D

May 5, 2009

Although Canada ranks near the top globally in terms of funding allocated to higher education and to research and development, the country lags behind when it comes to business R&D, according to a report released yesterday by Canada's Science, Technology and Innovation Council. Canada ranks sixth among the G7 nations in R&D as a proportion of Gross Domestic Product. The council urges for greater research collaboration among businesses, government, universities, colleges, and non-profit organizations. The report states that not enough university students are pursuing science and engineering degrees, and Canada is producing too few PhDs. STIC News Release | Canadian Press | Read the full report