September 19, 2012
Venture capital funding for business in Canada is strongly linked to innovation, as measured by new patent applications, according to a report released today by the C.D. Howe Institute. In “Can Venture Capital Foster Innovation in Canada? Yes, but Certain Types of Venture Capital Are Better than Others,” author Tariq Fancy finds Canadian venture capital (VC) funding, overall, is more effective in stimulating innovation than business research and development investment, on a dollar-for-dollar basis.
