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Canada’s terrible record of commercializing its ideas won’t change until we build proper infrastructure to help our entrepreneurs succeed on the global stage, where the real money is made

Jim Balsillie,
co-founder and former co-CEO of Research in Motion, now known as Blackberry
THE FACTS

Canada’s expenditure on research and development is 1.69% of GDP, compared to the OECD average of 2.36%

(Statistics Canada, 2015)

The combined value of the technology cluster in Toronto, Kitchener, and Waterloo is $9.9 billion. It is $410.9 billion in the Silicon Valley

(McKinsey Global Institute)

The number of new businesses in Canada has declined steadily over the last 10 years

(OECD, 2014)

An estimated 350,000 Canadians are living and working in Silicon Valley