16,000 +

research and innovation projects funded

$858M +

invested in the last 10 years

$250M

invested in 2019-20

33,000

researchers in our network

6,000 +

industry partners

117

post-secondary partners

6,000 +

international research internships

1,450 +

professional skills courses

22,000 +

training participants
Policy

Converting research

to revenue

Takeaways

  • Many Canadian companies struggle to commercialize their research due to a variety of factors, including insufficient resources and a lack of collaborative opportunities.
  • Growing the use of intellectual-property (IP) rights by Canadians — both domestically and abroad — is critical for successful research commercialization in an increasing intangibles-driven economy. 
  • Industry-academic collaborations, such as those powered by Mitacs, can help businesses reap the benefits of commercialized research

In today’s intangibles-driven economy, knowledge is not only power – it’s revenue. Assigning a commercial value to research can benefit a company’s bottom line by effectively monetizing its intellectual property (IP). Commercializing I ideas, research breakthroughs, or inventions can, in turn, transform those intangibles into valuable products and services; foster new business ventures; grow the workforce; and inspire innovation.

To remain competitive, position themselves at the forefront of innovation and reap the financial rewards of their R&D, Canadian businesses must develop comprehensive strategic solutions.

Yet, many Canadian businesses struggle to successfully commercialize their IP due to a variety of factors, including:

  • a lack of collaboration between industry and research organizations
  • insufficient facilities and/or administrative resources to fund and manage the commercialization at universities, and a lack of harmonized policies and management infrastructure
  • the sales of Canadian-generated innovation to foreign entities, which results in foreign ownership of – and long-term commercial returns from – Canadian R&D investments

 

As a result, Canada is underperforming as an innovator in the global market, regularly outranked in development and patents by peer countries such as the United States, France and South Korea.

To remain competitive, position themselves at the forefront of innovation and reap the financial rewards of their R&D, Canadian businesses must develop comprehensive strategic solutions implementing several key components:

  • ensuring that industry has easy and abundant access to top talent in the post-secondary-education (PSE) sector
  • developing programs, procedures, and policies that facilitate – and encourage – collaboration between businesses and research organizations
  • securing the appropriate patents, trademarks and industrial designs to control usage rights, protect branding, and distinguish unique products and services in the marketplace

 

Growing the use and protection of R&D rights by Canadians — both domestically and abroad — is critical for successful research commercialization in an increasingly intangibles-driven economy.

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Mitacs Team

Mitacs’s website content is created by people throughout our organization, united in their passion for innovation and eager to share their perspectives with others in the innovation ecosystem. 

Mitacs is a national, not-for-profit organization that has designed and delivered research and training programs in Canada for over 20 years. Working with over 100 post-secondary institutions, more than 6,000 companies and not-for-profit organzations, and both federal and provincial governments, we build partnerships that support industrial and social innovation in Canada. 

Organizations we have worked with