Archived - Minister Oliver Consults With Canada’s Science and Technology Sector
August 26, 2014 – Toronto, Ontario – Department of Finance
Finance Minister Joe Oliver attended a business roundtable today hosted by AceTech, a non-profit organization that provides training and mentorship for CEOs of innovative firms. Minister Oliver consulted with them on the state of the science and technology sector as well as the state of Canada’s economy.
Minister Oliver outlined the Government’s significant investments in science, technology and innovation—investments that are creating jobs, growth and long-term prosperity across Canada.
- Canada has created more than 1.1 million net new jobs since the depths of the recession—the strongest job creation record in the Group of Seven (G-7).
- In 2013, Canada leapt from sixth to second place in Bloomberg’s ranking of the most attractive destinations for business. Canada’s total business tax costs are now the lowest in the G-7, 46% lower than those in the United States.
- Since 2006, the Government has provided more than $11 billion in new resources to support basic and applied research, talent development, research infrastructure, and innovative activities in the private sector, including more effectively aligning federal support for research with business needs.
- The Venture Capital Action Plan was launched in January 2013 to increase private sector investments in early-stage risk capital, and contribute to a vibrant private sector-led venture capital sector in Canada.
- In September 2013, the Government launched the Canada Accelerator and Incubator Program to help entrepreneurs create new companies and realize the potential of their ideas through intensive mentoring and other resources to develop their business.
Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861
Stéphanie Rubec
Media Relations
Department of Finance
613-996-8080
