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Panel would change Canada’s research landscape

Posted on behalf of Hannah Hoag. In an effort to address Canada’s problem with innovation, an independent panel has recommended a radical overhaul that includes the creation of a new funding council and transforms the country’s largest research entity, the billion dollar National Research Council (NRC). Study after study has shown that Canada’s businesses invest less on R&D, relative to the country’s gross domestic product, than those of many other OECD countries and, unlike others, has actually decreased its spending over the last decade. Many of these business investments include government support in the form tax credits, training programs, or 

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