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Quebec has launched its innovation research and investment strategy

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Innovation is not just a concept “for the rich” that aims to create wealth in business, pleaded the Minister of Economy and Innovation, Pierre Fitzgibbon. In its new approach to the matter, the Legault government wants to show that research can be used to solve social issues.

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The change isn’t just making the new Bombardier planenuance the minister, Thursday, on the sidelines of the unveiling of the Quebec Strategy for Research and Investment in Innovation 2022-2027 (SQRI).

People need to feel that it can help them as well, he added. If we address social issues, I think we will succeed in getting people to accept that change is at the heart of Quebec’s economic development in the years to come.

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By encouraging change, Québec wants to contribute to finding solutions to social issues such as global warming, health or population aging.

Mr. Fitzgibbon also wants the government apparatus to change the way it delivers services. He gave the example of the health care system.

We have the best therapists. We have good doctors, but the system is a bit flawed.

A quote from Pierre Fitzgibbon, Minister of Economy and Innovation

The government is therefore allocating an additional $ 2 billion to the new version of SQRI, bringing its funding to 7.5 billion over five years. Of this $ 2 billion, $ 1.3 billion will come from budget allocations, another portion of the $ 600 million will comprise investment capital, and $ 75 million will come from the Quebec Infrastructure Plan (PQI).

With the news SQRIMr. Fitzgibbon wants to make it easier for businesses to use basic research. Quebec’s problem is we are recognized around the world for excellence in basic research, he believes. Where there were shortcomings we did not get it on the market. We are trying to correct this situation.

Source: Radio-Canada

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