The College and Institute Applied Research Advantage
Innovation for Small Businesses and Communities
(Applied Research Environmental Scan 2011-2012)
With their business and community partners, colleges and institutes are increasing their applied research capacity and activities, providing greater research opportunities for students and faculty and diversifying sources of research funding. Colleges and institutes primarily focus on meeting the innovation needs of small- and medium-sized enterprises (SMEs). The impact for the Canadian economy is significant given that 98 percent of Canadian companies are small with less than 100 employees, and half of employed people work in these small firms.
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