Polytechnics Canada has worked with economists at Prism Economics and Analysis to study the economic and social impacts of applied research underway at our member institutions. Along with datasets drawn from NSERC, Statistics Canada and our own annual surveys, principal investigators and business partners provided information about the value derived from applied research collaborations. The report includes 30 case studies, showcasing projects driving market innovation, technology adoption, environmental impact or improved health and wellness.

Key takeaways include:

• Every dollar invested in polytechnic applied research generates a return on investment from a low estimate of $8.09 to a high of $18.49
• As a result of applied research collaborations, 51 per cent of project partners reported increased R&D capability, 48 per cent achieved improved competitiveness and 12 per cent said they created new jobs
• More than 85 per cent of applied research partners are small- or mid-sized organizations – a group that faces unique barriers to investing in R&D. Among the barriers identified are a shortage of technical staff, lack of facilities, capital constraints and regulatory burden