Research Money Inc.

Canada’s research and innovation ecosystem needs to embrace failure and experiment with new ways of funding

Mark Lowey
July 2, 2025

Canada's research ecosystem is too risk-averse, shunning failure and hindering innovation, said experts at Research Money's annual conference in Ottawa. To compete globally, Canada must embrace new research funding models that foster wealth creation, provide societal benefits and encourage cross-sector collaboration.

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Other stories mentioning these organizations, people and topics

Organizations:	Brazilian Agency for Research and Industrial Innovation, Canada Innovation Corporation, Department of Defense, Department of Energy, Futurpreneur, Mindel Solutions, Mitacs, National Institutes of Health, National Research Council-Industrial Research and Assistance Program, Natural Sciences and Engineering Research Council of Canada, Research Canada, Research Nova Scotia, Simon Fraser University, Tech-Access Canada, and University of Waterloo
People:	Alison Evans, Justin Trudeau, Ken Doyle, Marcellus Mindel, Mark Carney, Sarah Lubik, and Stefan Leslie
Topics:	collaboration, Commercialization, ecosystem, entrepreneurship, failure, industry, innovation, R&D, research funding, risk, startups, training, and universities

Canada’s research and innovation ecosystem needs to embrace failure and experiment with new ways of funding

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Science, Tech, Innovation, and Policy

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Canada’s research and innovation ecosystem needs to embrace failure and experiment with new ways of funding

Events For Leaders in Science, Tech, Innovation, and Policy

Discuss and learn from those in the know at our virtual and in-person events.

Events For Leaders in
Science, Tech, Innovation, and Policy