“One of the paradoxes of this time, however, is this: while the global economy lags, innovation continues to surge ahead at a staggering and unprecedented pace.”
2011 Ontario throne speech
“We [in Ontario] have a wide prosperity gap with other large North American jurisdictions. The source of this gap is our inability to be as innovative as we could be in our economic life.
“Our business leaders … must relentlessly pursue improved products, services, and processes.”
Roger Martin, Tenth Annual Report, Task Force on Competitiveness, Productivity and Economic
Progress, November 2011
Because innovation is an inherently social process – requiring people to make connections, develop ideas, and orchestrate implementation – colleges have built relationships to help their clients increase their scope of innovative practices. Each college is directly involved with many local economic development and innovation networks.
“Centennial’s professors and students have provided a pool of talent that has proven invaluable to the development and validation of our cleantech solutions.”
John Tuerk, Blue Heron Systems
“The [Fanshawe College] students exceeded our expectations and not just from the content point of view, but in their professionalism ... the recommendation to track venture capital was a novel idea the company had not considered. 3M later
adopted a similar approach as a global business strategy.” 3M Canada