The following is excerpted from a 30 January 2013 news release by The Conference Board of Canada.
Canadian firms say lack of financing is the key barrier to innovation, even though Canada has one of the best-developed financial markets in the world. The first report of The Conference Board of Canada’s Centre for Business Innovation (CBI) suggests that investors will be more willing to finance innovation if innovators get better at explaining how their new or improved products or services will make money.
This is an image which represents innovationA quarter of respondents to the CBI’s Innovator Survey on Innovation Metrics and Management identified finance as their number one challenge. Respondents to the nation-wide survey of more than 1,000 Canadian firms who are seeking financial support cited finance about four times more than any other issue. The respondents to the survey were firms of all sizes and across industrial sectors.
This release is available in its entirety at:
http://www.conferenceboard.ca/press/newsrelease/13-01-30/canadian_firms_failing_to_explain_the_benefits_of_their_innovations_to_investors.aspx
Topic(s)
International Trade and Border Management
Information source
Canadian News Channel
Disclaimer
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