Canada is one of the most generous
countries in funding research, innovation, and experimentation,
providing approximately $7 billion annually to over 30,000
- The business enterprise sector was expected to finance $14.4B
in 2013 for R&D funding, followed by the federal
government sector at $6B and the higher education sector at
- According to the State of the Nation 2012
Report , the federal government was the second largest funder
of R&D in Canada in 2011, at $6B accounting for 0.35 percent of
- The amount of R&D performed by the business sector has
risen considerably since the early 1990s, coming in at $15.5
billion in 2012 (see here).
However, it has yet to climb back to its pre-recession peak of
$16.8 billion, reached in 2007.
- At 0.24 percent of GDP (or $3.9B), the Government of Canada
ranked sixth highest among OECD countries in 2010 for its combined
direct and indirect support for business R&D.