New Report – Inclusive Innovation Monitor: Tracking inclusive innovation for a fairer, more prosperous Canada - Munk School of Global Affairs and Public Policy

New Report – Inclusive Innovation Monitor: Tracking inclusive innovation for a fairer, more prosperous Canada

February 23, 2021

Growing evidence suggests that inclusive economies generate more and better innovation, higher growth, and a more equitable distribution of the benefits of innovation. And yet, Canada is neither as innovative nor as inclusive as it needs to be, according to our Inclusive Innovation Monitor, a new interactive tool and accompanying report, jointly developed by the Brookfield Institute for Innovation + Entrepreneurship (BII+E) at Ryerson University and the Innovation Policy Lab (IPL) at the University of Toronto’s Munk School of Global Affairs & Public Policy.

The Inclusive Innovation Monitor is the first interactive tool to track and analyze over 30 inclusive innovation metrics and dimensions that will provide a more complete picture of the strength of Canada’s innovation economy relative to our international peers. The metrics include educational attainment, innovation financing, entrepreneurship, technology adoption, wages, and wealth distribution, and they are examined through lenses including sex, race, Indigenous identity, disability, region, and class. The site is designed to help policymakers develop targeted policies and programs to stimulate growth and achieve better distributions of the benefits and risks of innovation.

As we plan our recovery post-COVID-19, the question of who participates in, and benefits from, economic stimulus policies and programs is essential. Boosting participation in the innovation ecosystem not only fosters a more equitable economy, it improves innovation performance itself by ensuring a diversity of skills, knowledge, and perspectives.

Read this report to help you:

Understand what inclusive innovation means.
Explore a wide range of innovation and inclusion data using our customizable graphs and commentary––from R&D spending, technology adoption and patenting to the distribution of educational attainment, labour force participation, income, wealth and poverty by gender, racial identity, disability, and region
Learn about Canada’s strengths in inclusive innovation, and where we fall short
Identify where we need more and better data to fully understand Canada’s inclusive innovation performance