Jenkins report provides much-anticipated recommendations

The report, “Innovation Canada: A Call to Action,” was released by the Independent Panel on Federal Support to Research and Development (R&D) on October 17, 2011. It provides “advice in respect of the effectiveness of federal programs to support business and commercially oriented R&D, the appropriateness of the current mix and design of these programs, as well as possible gaps in the current suite of programs and what might be done to fill them.”

In brief, the report (referred to as the Jenkins report) makes six recommendations aimed at promoting business innovation, which include:

  • simplifying the Scientific Research and Experimental Development (SR&ED) tax credit and redeploying funds from the credit to direct intiatives that support small and medium-sized enterprises (SMEs);
  • transforming the institutes of the National Research Council (NRC); and
  • helping high-growth innovative firms access risk capital.

As part of the panel's consultation process PricewaterhouseCoopers LLP (PwC) was consulted on various SR&ED program issues. In addition, PwC made a written submission to the panel in response to the panel’s consultation questions on business innovation and federal R&D initiatives.

Read our summary of the six recommendations.


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