“Discovery research… is very important because it turns out that if you attempt to only do direct commercializable research, then you find that you run out of ideas fairly quickly.”
By the numbers
Universities performed $13 billion in R&D in 2014, accounting for 40 percent of total Canadian research and development.
$1Bin research for business
Canada’s universities conduct $1 billion in research for businesses and help build their competitive advantage.
$1.2Bin research for not-for-profit sector
Universities conduct $1.2 billion in research annually for the not-for-profit sector, which has nearly tripled since 2000.