On July 20, 2016, Tesla Motors’ CEO Elon Musk released a blog entitled “Master Plan, Part Deux”. The highly anticipated document identified several key changes to Tesla’s business model and also unveiled some of the newest, most innovative technologies that Tesla is working on. Among some of the most notable changes, Tesla may be modifying…
Modern healthcare technologies (healthtech) are transforming Ontario’s health care system to provide greater care for patients at a lower cost. This rapid acceleration of innovation has made the province a better place to live, work, and perform scientific research in. Businesses may take advantage of Ontario’s healthtech ecosystem, which includes a variety of research grants,…
Reducing carbon emissions and creating a sustainable low-carbon economy are top priorities for provincial governments across Canada. While some provinces have taken more ambitious steps than others, all provinces and territories are beginning to shape the future of climate change legislation, and with it, a series of new incentives for businesses ‘going green’. Ontario and…
What if everything your business has been doing since its inception was flipped upside down and the complete opposite approach was enforced? This is the concept behind W. Chan Kim and Renée A. Maurborgne’s Blue Ocean Strategy, which was created based off of primary research conducted on over 150 businesses across more than 30 industries…
The Government of Canada is constantly seeking new innovative technologies to improve the function of government. Since 2012, the federal government’s Build in Canada Innovation Program (BCIP) has provided a first-procurement program that enables Canadian businesses and entrepreneurs to test and sell their innovative pre-commercial technologies to the government. This partnership bolsters the innovative abilities…
Recently, “innovation” has become one of the most popular buzzwords in Canadian business, politics, and the economy. While there are many definitions of innovation, it can simply be stated that innovation entails revolutions to make the subject matter faster, more efficiently, or simply better than previous version, sometimes creating a completely new product/technology category altogether….
Created in 2013, the five-year Western Innovation Initiative (WINN) will invest up to $100 million towards late-stage research and development projects conducted by businesses in western Canada. By commercializing new innovative products and processes, small and mid-sized businesses across western Canada will be able to expand and support employment opportunities. The Western Innovation Initiative provides…
Ontario small and mid-sized technology companies often face technical challenges when developing innovative products and services. In order to develop innovative technologies, businesses must have access to high performance computing equipment and other resources that enable creativity, productivity, and collaboration. To harness the power of small and mid-sized businesses (SMBs), post-secondary research institutions, and high…
Canadian small and mid-sized businesses (SMEs) are often the drivers of industry change, developing innovative solutions to complex problems. These solutions can increase productivity, reduce technical barriers, and provide new capabilities that expand product and service offerings. However, for many small businesses in Canada, a lack of resources restricts the amount of research, development, and…
The “Internet of Things”, or “IOT”, is a phrase that’s being used a lot these days. Many bloggers, commentators, and analysts are trying to pin-point what the Internet of Things will mean for specific industries, business in general, and even how it will change our personal lives. The goal of this post is to explain…