Research contributes $50 billion
OTTAWA – Canadian universities’ research and knowledge transfer contributed $50 billion to the country’s gross domestic product in 2004, according to an Association of Universities & Colleges of Canada (AUCC) study released Oct. 24.
Momentum: The 2005 Report on University Research and Knowledge Transfer outlines universities’ progress in meeting research, commercialization and knowledge transfer targets, and the benefits to society.
“Canada’s universities are committed to being accountable and to ensuring that Canadians hear about the benefits of investments in university research,” AUCC President Claire Morris said in a news release.
The report also catalogues the R&D investments made by the federal government since 1997, including $11 billion to universities for research. The study also shows:
• University research made up 38 per cent of all research activities in Canada in 2004.
• Between 1999 and 2003, universities saw an 84-per-cent increase in the value of their industrial research contracts, an 82-per-cent jump in the number of new licences, a 91-per-cent increase in new patent applications, and a 25-per-cent increase in the number of spinoff companies.
But the report points out that Canada faces competition as other countries invest in R&D to fuel competitiveness, prosperity and quality of life. The full report is available on the web at www.aucc.ca/momentum.