Commercialization in Canada Essay Example | Topics and Well Written Essays - 1250 words

Commercialization in Canada - Essay Example The diagram given below gives an indication of the contribution of commercialization towards the GDP of Canada. The diagram indicates that contribution of commercialization towards the GDP has been very low and more volatile in nature. The growth rate of commercialization has been volatile and erratic in nature. If the growth rate of commercialization is compared with other countries like USA and UK, then it becomes evident that Canada has to make a lot of improvements to match with the advanced countries.The diagram below gives an indication of the initiative taken by the University and colleges for spending in the research and development projects. The indication of the spending in research and development projects bears a special importance. This is because of the reason that technological innovation and development are one of the prime drivers of commercialization. Studies indicate that in comparison to other countries the fund allocated to the colleges and Universities for condu cting research and development works is significantly less.The above diagram gives an indication of the spending by the various sectors like private non-profit, provincial governments, the federal government, universities and industry in research and development activities.The analysis of the spending in research and development activities by various groups indicates that the spending by the provincial governments and federal governments are significantly low. Whereas the spending by the universities is significantly more.... The indication of the spending in research and development projects bears a special importance. This is because of the reason that technological innovation and development are one of the prime drivers of commercialization. Studies indicate that in comparison of other countries the fund allocated to the colleges and Universities for conducting research and development works is significantly less. Fig 2: Research and development fund allocated for GDP Source: (Kenney, 2013) The above diagram gives an indication of the spending by the various sectors like private non-profit, provincial governments, federal government, universities and industry in research and development activities. Fig 3: Commercialization development index Source: (Kutsuna, 2013) The analysis of the spending in research and development activities by various groups indicates that the spending by the provincial governments and federal governments are significantly low. Whereas the spending by the universities is signifi cantly more, this is a cause of concern (Litan, 2012). This is because of the reason that studies indicate that those countries which are characterized by larger spending initiatives by governments and federal bodies have more chances of increasing the success rate of commercialization. Discussion of the reasons for poor commercialization Studies indicate that successful commercialization depends upon the management skills of the startups. The poor management skill of the people heading the startup projects in Canada is one of the reasons for poor development of commercialization. The infrastructures provided by the government to support the startup are proving to be insufficient. Canada also lacks the number of anchor companies. The