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Jan 2018 - Market Perspective - Doc # CA43045018

Innovation Takes a Step Ahead: Canada's Supercluster Program, Part 2

Authors: Jason Bremner, Mark Schrutt

Abstract

This IDC Market Perspective states that, by this time next year, superclusters will join the rapidly expanding vocabulary of innovation. Starting later in 2018, the federal government will make available close to C$1 billion over a five-year period to support five sector-focused superclusters. These dollars are to be matched by the private sector consortium members. The superclusters, working in concert with other government programs, are meant to focus, strengthen, and expedite the innovation efforts in key sectors. In the end, the superclusters will take shape with a combination of physical and virtual assets, much of which are already in place and will be repurposed or leveraged by the consortia.

"The superclusters will have facilities where start-ups meet, university students can work, and enterprises can relocate their innovation centres," says Mark Schrutt, strategic advisor, Public Sector and Innovation research at IDC Canada. "The superclusters' offices will be home for funding and supporting programs and will act as a connection to universities and government programming, not too differently than how many accelerators or hubs do today."

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