There are successes in Canada, surely Google’s presence there counts for something. It’s an huge multinational corporation, some big AI units are in London and Toronto. Among startups in AI, Ideogram. Public funding in the arts in Canada is also really good, and it’s not an accident Ideogram is there and not here.
50% of VC is biotech, HistoSonics is on the front page of HN, and it was a PhD project turned into a huge company with deep, liquid capital markets. BBC doesn’t really write about that but the venture system that made HistoSonics was super sophisticated, full of very bright people willing to take huge risks, and while the inventor isn’t going to be a billionaire, she is still there inventing stuff, and she’s not going to be poor either.
Nobody is asking economists in the article any questions. How does R&D show up as something measurable? - thats really the meaning of financial we care about in this case, as opposed to economic or humanistic, where it’s pretty obvious that Canada, Russia, and the US, among other smaller countries like Israel and Finland, benefit from R&D more than financially, compared to say the UAE, which has spent relatively much more but yielded far less. A very attractive measure, to me, is the productivity of sectors that are basically indexes on a nation’s geography, like real estate, agriculture and minerals, versus innovations-driven sectors like healthcare, education and technology. In relative terms, given how great the weather is and how much oil there is, California and British Columbia (for EXAMPLE) swing way above their weight, no?
Instead of asking why Canada is doing this or that - Canada is doing quite well - we should be looking at South Korea.
50% of VC is biotech, HistoSonics is on the front page of HN, and it was a PhD project turned into a huge company with deep, liquid capital markets. BBC doesn’t really write about that but the venture system that made HistoSonics was super sophisticated, full of very bright people willing to take huge risks, and while the inventor isn’t going to be a billionaire, she is still there inventing stuff, and she’s not going to be poor either.
Nobody is asking economists in the article any questions. How does R&D show up as something measurable? - thats really the meaning of financial we care about in this case, as opposed to economic or humanistic, where it’s pretty obvious that Canada, Russia, and the US, among other smaller countries like Israel and Finland, benefit from R&D more than financially, compared to say the UAE, which has spent relatively much more but yielded far less. A very attractive measure, to me, is the productivity of sectors that are basically indexes on a nation’s geography, like real estate, agriculture and minerals, versus innovations-driven sectors like healthcare, education and technology. In relative terms, given how great the weather is and how much oil there is, California and British Columbia (for EXAMPLE) swing way above their weight, no?
Instead of asking why Canada is doing this or that - Canada is doing quite well - we should be looking at South Korea.