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Are Canadians afraid to take risks?

Are Canadians afraid to take risks?

By:  Jennifer Kavur  On: 14 Oct 2009 For: ComputerWorld Canada Creator

Canada is ranked 13th in the world on the innovation list. In a roundtable discussion at the IBM Science & Innovation Summit, experts debate if and how risk-taking fits into the problem

Canada’s ranking as 13th on the global innovation list was addressed at the recent IBM Science & Innovation Summit, a two-day event at the IBM Toronto Lab where researchers and business executives gathered to discuss the state of innovation and R&D in Canada.

Experts from academia, government, health care and the private sector lectured on Canadian innovation strategies, while others presented on topics ranging from high-performance computing to the economics of investing in research to Canada in space.

The summit closed with a “report card” on Canadian innovation, which led into an extended question-and-answer period between a panel of experts and the audience on key problems and potential solutions for raising Canada’s status in the global community.

Canada is not addressing the issue of risk aversion, according to one attendee. “We need to get over the idea that we are not going to invest in something unless it’s a sure thing … the real weak link in the chain has to do with the implementation of commercialization,” he said.

He pointed to the Conference Board of Canada’s innovation score card, which ranked Canada 13th on a list of 17 countries worldwide and gave the country a "D" grade. “It’s not that we don’t come up with great ideas, it’s that we fall down when we try to commercialize [them],” he said.

Summit speakers elaborated on the subject of risk aversion in a roundtable discussion following the event.

“My perception is that Canadian researchers, up until a few years ago, were grossly under funded,” said Don Aldridge, general manager of Research & Life Sciences at IBM Canada. “They are doing a much better job in the last, I’d say, dozen years … but what it's instilled in many of our researchers is a huge amount of pride in (the fact) they managed to do an incredible amount with so little.”

While it’s true that they have done a lot with very little, if the mindset continues, researchers may not know what to do if they had more, Aldridge warned. There is a fear that, “’I don’t need to ask for a bigger something because I’m not going to get it anyway,’” he said.


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Jennifer Kavur Jennifer Kavur Jennifer Kavur was a senior writer for ComputerWorld Canada from 2008 to 2010.

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