Leaders’ Panel on Innovation-Based Commerce (LPIC): The Importance of Focus

Canada’s innovation performance needs to improve. Although Canada has numerous companies that excel at innovation, overall performance at the national level is not sufficient to provide the productivity levels needed to maintain the high standard of living Canadians currently enjoy. Focusing on a limited number of areas will allow Canadian leaders from industry, government, academia, and non-government organizations to address the need for a supportive innovation environment. Success in specific areas will ensure that supporting industries and services grow, knowledge and investment deepen, and more resources are devoted to innovation. This briefing looks at the Leaders’ Panel on Innovation-Based Commerce’s work on identifying key opportunities for innovation and the importance of developing a focused national strategy.