Reflections of 2024: Resilience in the Face of Adversity

As 2024 draws to a close, it is hard not to focus on the tremendous challenges brought on by abrupt federal policy changes on the international student file. Our members – like much of the postsecondary community – are grappling with the fallout of sweeping cuts, harsh rhetoric about the quality of Canadian education, then further caps and restrictions to post-graduate work permits.

While the difficulties cannot be overlooked, moments like this can also be transformative. They force us to review, retrench and find new paths forward. As we turn the page on 2024 and look ahead, there are reasons for optimism.

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Polytechnic Applied Research

Applied research is an important way that Canada’s polytechnics support small- and mid-sized businesses that lack internal R&D resources. This four-page brief includes annual statistics gathered from our member institutions and provides ideas for how to maximize the impact of applied research in Canada.

Canada’s innovation tool box should contain more applied research

While Canada’s productivity indicators have long been lacklustre, the urgency of addressing persistently sluggish economic performance has only recently made headlines.

What we’ve known for some time — that small businesses are relatively slow to adopt new technology, that skill mismatches diminish performance and impede growth — is no longer a conversation confined to economists and central bankers.

With poor productivity performance, quality of life in Canada is being eroded and policymakers urgently need effective solutions. Past federal measures introduced to boost innovation and productivity have been disappointing or delayed, failing to generate promised results. Productivity indicators continue to lag those of peer countries.

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The Economic Impact of Applied Research at Canada’s Polytechnics

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