OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 19
6. Support the generation, protection, and commercialization of intellectual property (IP) in small to
medium enterprises (SMEs).
Small to medium-sized enterprises are integral to the economic recovery and long-term prosperity of Ontario and Canada. According to a
recent report by the Ontario Chamber of Commerce titled Small Business, Big Impact, Canada is home to 1.2 million SMEs (426,490 are in
Ontario). SMEs are responsible for employing 90% of Canada's private sector workforce.
As outlined in our short-term letter, due to COVID-19, SMEs are being forced to pivot their operations to adapt to new realities and remain
competitive. These enterprises play an important role in fueling innovation through the creation and commercialization of new products,
services, and processes. As a result, it has become increasingly important for these companies to invest in research and innovation.
These investments are not only critical to the long-term sustainability of organizations but to the overall economic health of the province
and its workforce.
A key driver of this innovation potential is the generation, protection, and commercialization of associated intellectual property (IP). As
noted in Ontario's IP Report titled Intellectual Property in Ontario's Innovation Ecosystem, Ontario has fallen significantly behind other
jurisdictions in its economic growth and prosperity. The report outlines the potential to recover Ontario's economic position through
research and innovation with a specific focus on increasing intellectual property assets. As a significant contributor to Canada's GDP,
Ontario is well positioned as a major force to drive the country towards economic prosperity through innovation potential.
We commend the federal government's commitment to help Canadian businesses to understand, protect and access intellectual property
(IP) through a comprehensive IP strategy. Many engineers and engineering school graduates are either entrepreneurs involved in
launching SMEs or otherwise associated with SMEs.
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government
Table of Contents for the Digital Edition of OSPE - COVID-19 Economic Recovery Recommendations - Federal Government
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - Cover1
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 1
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 2
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 3
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 4
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OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 12
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 13
OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 14
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OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - 19
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OSPE - COVID-19 Economic Recovery Recommendations - Federal Government - Cover2
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