OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 24
6. Support the generation, protection, and commercialization of intellectual property (IP) in small to medium
enterprises (SMEs).
All small to medium sized enterprises are integral to the economic recovery and long-term prosperity of Ontario and Canada. According to a
recent report by the Ontario Chamber of Commerce titled Small Business, Big Impact, Canada is home to 1.2 million SMEs (426,490 are in
Ontario). SMEs are responsible for employing 90% of Canada's private sector workforce.
As outlined in our short-term letter, due to COVID-19, SMEs are being forced to pivot their operations to adapt to new realities and remain
competitive. These enterprises play an important role in fueling innovation through the creation and commercialization of new products,
services, and processes. As a result, it has become increasingly important for these companies to invest in research and innovation.
These investments are not only critical to the long-term sustainability of organizations but also to the overall economic health of the province
and its workforce.
A key driver of this innovation potential is the generation, protection, and commercialization of associated intellectual property (IP). As noted in
the province's IP Report titled Intellectual Property in Ontario's Innovation Ecosystem, Ontario has fallen significantly behind other jurisdictions
in its economic growth and prosperity. The report outlines the potential to recover Ontario's economic position through research and innovation
with a specific focus on increasing intellectual property assets.
We commend the government's recent announcement to develop a Made-in-Ontario Intellectual Property Action Plan, to ensure that the social
and economic benefits of research and innovation are incentivized and retained within the province. Many engineers and engineering school
graduates are either entrepreneurs involved in launching SMEs or otherwise associated with SMEs. As such we recommend that the
government address three key barriers currently preventing all types of SMEs from pursuing the generation, protection, and
commercialization of IP:
* Limited access to IP professionals with practical expertise (patent agents or patent lawyers)
* Lack of transparency and uniformity in the process to engage research institutions in IP development and commercialization
* Cumbersome administrative requirements that impact the access for funding
24
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government
Table of Contents for the Digital Edition of OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - Cover1
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 1
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 2
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 3
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 4
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 5
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 6
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 7
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OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 9
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OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 11
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 12
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 13
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 14
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OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 16
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 17
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 18
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 19
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 20
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 21
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OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 23
OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 24
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OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - 27
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OSPE - COVID-19 Economic Recovery Recommendations - Provincial Government - Cover4
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