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Richard Florida Writes That Canada Is Losing The Global Innovation Race – Globe and Mail

I was very interested yesterday to read the article in the Globe & Mail by University of Toronto Professor Richard Florida, and Ian Hathaway, Research Director for the Center for  American Entrepreneurship, and Senior Fellow at the Brookings Institute. The article by Florida and Hathaway draws the same conclusions as my research, providing even more precise data to support their disturbing conclusions. It is not hard to find many additional articles on these issues.  Ironically, also yesterday, a LinkedIn connection shared a post by Sciences, Innovation, and Economic Development Canada with a very upbeat, positive assessment of venture capital for startups in Canada. This is the essence of the problem. Since I came to Canada years ago now, I have seen a pollyannaish state of denial about the true situation for entrepreneurship, immigration policy, and the lack of “smart” venture capital for Canadian startups. No amount of counter-evidence has changed this mistaken rosy outlook. Without a recognition of these problems, nothing will change. 

Clean tech

Canada's Entrepreneurship Dilemma: Decades Of Anemic Research Investment

This issue has driven me absolutely nuts since I first arrived in Canada from Silicon Valley. It did not take me long to figure out that things did not work they way they did in California, and that there wasn’t much of a true entrepreneurial economy here. Since then, I have also been appointed to the Canada Foundation for Innovation grant process, providing me with insight into how R&D funding works in Canada. I have seen many issues in Canada that have impaired the nation’s ability to develop an entrepreneurial culture, among them is the inherent Canadian conservatism and short term horizon of investors unfamiliar with technology venture investment. But none has been worse than Canada’s decades-long neglect of adequate funding for research and development nationwide.

New Zealand Economy

Can Accelerate Okanagan's Report On Local Tech Industry Economic Impact Be Believed?

Report Lacks The Rigor Necessary To Give It Much Credibility. The AO report’s “economic impact” conclusions are based on 2014 Survey Monkey voluntary responses, which are problematic due to an apparent lack of critical assessment. The report does not follow the kind of rigorous industry analysis performed by leading technology consultancy firms like International Data Corporation (IDC) or Gartner.

Industry Analysis

Entrepreneurs Can't Fix What They Don't Understand

Francisco Dao is one of my favorite bloggers. Francisco focuses like a laser beam on the tough issues of entrepreneurship with unfailing logic, sometimes tough for some to hear. In a previous post, Francisco spoke openly about the frothy enthusiasm and euphoria surrounding entrepreneurship, suggesting that there were too many entrepreneurs producing too many mediocre ideas. In this post, Franciso explores the current shift in entrepreneurial profiles, bemoaning their ignorance of how businesses work, and the embarrassing consequences.

Supercomputers

Vancouver D-Wave's Groundbreaking Quantum Computer Sale to Lockheed Martin Aerospace

This is a very Big Deal, which increases the likelihood that Big Data will be a very Big Deal.
While the Canadian economy is expected to languish in the doldrums for the foreseeable future, D-Wave, a Vancouver quantum computing company, with e@UBC funding, is making big waves (pun intended). Seemingly out of the blue we now have two Vancouver companies that may be showing Canada the way out of its “natural resource curse:” D-Wave and potentially also Hootsuite.

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