R&D and innovation
Innovation is about making positive change. It's finding creative new ways to tackle problems, react to change, or make something better.
In business, this means coming up with new or improved products or services that you can produce, licence or sell. It also means developing business processes that reduce your costs and boost your productivity. Investing wisely in innovation can improve your ability to compete in Canadian and world markets.
The road from developing and testing an original idea to introducing it in the marketplace can be long and costly. Remember that many great ideas never make it off the drawing board. Carefully evaluate your ideas and stick with those offering the most promise and return on your investment.
To innovate, you may need to do research, implement new technologies, train employees, improve productivity, establish partnerships and seek financing. The resources below might help you in the innovation process.
- Improving your productivity with technology
Find programs and resources to help you adopt and use information and communications technologies in your business.
- Research and development
Explore the many resources that can help you design new offerings or improve your existing products, services, and procedures.
Introduce new or improved products and services to the marketplace.
- Licensing and technology transfer opportunities
Leverage the research and development efforts of others to further develop or commercialize technologies or applications.
- Financing for innovation
Discover some key government programs that help finance innovation activity.
- Innovative business activities
Find resources to help support your innovative work.
- Innovation resources
Learn about organizations that could help your business become more innovative.
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