Canadian Innovation Commercialization Program (from 2010)

daviding's picture was announced in 2010 at .

The Canadian Innovation Commercialization Program (CICP) is a new initiative, launched as part of the Government of Canada’s commitment to promote Canada’s economic growth as announced in Budget 2010.

Created to bolster innovation in Canada’s business sector, the CICP helps companies bridge the pre-commercialization gap for their innovative goods and services by:

  • Awarding contracts to entrepreneurs with pre-commercial innovations through an open, transparent, competitive and fair procurement process.
  • Testing and providing feedback to these entrepreneurs on the performance of their goods or services.
  • Providing innovators with the opportunity to enter the marketplace with a successful application of their new goods and services.
  • Providing information on how to do business with the Government of Canada.

The CICP targets innovations in four priority areas:

In October 2011, an expert panel led by Thomas Jenkins for Innovation Canada criticized that the federal government was not doing enough.  From , 

Canada's use of procurement to enhance industrial innovation has been very modest by international standards, although recent federal initiatives like the Canadian Innovation Commercialization Program (CICP – see Box 7.2) 1 and a revised Industrial and Regional Benefits (IRB) policy suggest a new recognition of opportunities. The use of procurement to stimulate innovation has been along-standing practice in other countries, particularly the US, with its enormous defence expenditures.

In the 2012 budget, John Lester (U. Calgary) criticizes the underfunding of large enterprises, and the balance of funding for SMEs at .

The Jenkins Panel expressed concern about excessive subsidization of small and medium-sized firms and recommended cutting back on the enhanced SR&ED credit in order to finance more targeted support for these firms. Following that advice would have improved the social return on support for R&D; in contrast, the budget measures marginally reduce the benefits to society from subsidizing R&D.

[This blog post was originally published on Rendez Central, and migrated here to Rendez Commons]