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Companies with well-defined innovation policies and practices show higher long-term growth in revenue, profits and company worth, according to a Conference Board of Canada study.
Companies with well-defined innovation policies and practices show higher long-term growth in revenue, profits and company worth, according to a Conference Board of Canada study.
(ANDREA COMAS/REUTERS)

Budgets promise innovation and, once again, don’t deliver

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Budgets come and budgets go and they almost always include a nod to innovation, but rarely do they actually do anything to encourage more of it. Too often, what gets slotted by Canadian governments as innovation policy is really just industrial policy dressed up with “research” or “technology” in the title.