What Canada’s Tech Gurus Want From Trudeau’s ‘Innovation’ Budget
- Focus on international students to fix talent shortage
- Require government to spend part of their budget domestically
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Innovation is set to be a key theme of Canada’s budget this week as Justin Trudeau’s Liberal government tries to spur the world’s 11th largest economy away from its commodity roots toward technology and higher-value services.
Last year’s budget set aside C$800 million ($600 million) over four years for innovation. This budget won’t include any significant additions to that but will begin to identify where that money’s going to be spent, people familiar with the matter said. The government plans to launch a competition to pick about half a dozen research clusters that will receive the funds.