Innovation
Driving businesses to invest in innovation for a better BC
Recognizing the potential for innovation
BC manufacturers spend less than the national average on both R&D and capital investment. Businesses need to be encouraged to create ideas and turn them into products.
Fostering more investment in technology will help manufacturers improve productivity and be more competitive. Innovation also create opportunities for advanced skills.
Government should adopt a leadership position with respect to encouraging more manufacturers to pursue innovation so the province can grow new advanced technology and industrial clusters.
This requires reforming and simplifying tax incentivization schemes so they target and promote advanced manufacturing industries.