Universities Earned Just $75 Million from IP in 2017, but Spent $5.7 Billion on R&D
Canada’s top universities and research institutes spent $5.7 billion on research and development (R&D), but generated less than $75 million from licensing their innovations in 2017. That’s an average return on investment of 1.3 per cent.
When it comes to impact assessment, there are things that are easy to measure, and then there are things that we care about. On the divide through the examples of two recent online initiatives from the Canadian federal government.
As United States and British legislators tighten the screws on travel and visa rules, they might be squeezing out international researchers and students. Canadian universities, meanwhile, are seeing surging interest from both groups.
To Spark Medical Innovation, Canada Should Embrace Open Science
The Canadian government is again in the midst of its annual consultations on innovation. It seems our efforts to find the magic key to an “innovative economy” just never go away. By Aled Edwards, CEO of the Structural Genomics Consortium and professor at the University of Toronto.