The 10 commandments to make the 21st-century Canada's
century
- We must give all our young people as much education
as possible because to live in a brain-based economy
requires that we exercise our grey matter.
- We must reward education. We want to see the
spectre of people with PhDs or medical or engineering
degrees driving cabs or clearing plates to be an
anathema. Brainless but worse, to be self-wounding.
Education must be rewarded.
- We must create a culture of excellence. Becoming
the best is our only option.
- We must have strong, independent, well-funded
universities. We cannot compete in a worldwide
knowledge economy if we don't provide the academic test
beds to generate more knowledge.
- University-based research must be the best in the
world. But that means that university-based researchers
are going to have to think about themselves in a
21st-century way. They have to ask themselves basic
questions like: What can be made of this? How can this
be applied? They must see themselves not as trains on a
tenure track, not as intellectual high-wire artists
trying only to impress their peers in the circus of
academia, but as part of the innovation engine, as part
of the future of Ontario's economy.
- We must have entrepreneurs. No, that's not emphatic
enough. We must have entrepreneurs! We must develop a
sense that making new businesses, spinning off gold
from research findings, is not a good. It is a great
good, a paramount good, an
our-destiny-and-our-hopes-for-thefuture good.We don't
say greed is good; we say not making money from the
fruits of our intelligence is senseless and
self-defeating. It is an eternally crying eye.
- We must provide entrepreneurs with intellectual
property and technological transfer policies that allow
them to be the best. Our academic institutions must
understand it is both their job to patent new knowledge
and their job to get out of the way of entrepreneurs
who transfer intellectual property into commercial
good.
- Accordingly, university administrators and
technological transfer officers must say to themselves:
How do I get what this institution learned into the
hands of someone who wants to make something of it?
They must see this as a key part of their
mission.
- We must give rewards/recognition to those who risk,
even if they fail.
- This means government must ask itself every day
before it closes for business: Have we supported
knowledge-based industries today? How did our tax
policies make us attractive to investors and
entrepreneurs? Have we made it attractive for
scientists who are thinking of coming to Ontario? Have
we created a climate that will entice investors and
make it easy to keep good managers? Are we becoming the
best? And what did we do to make sure we were better
than yesterday and will be better tomorrow?
Q Whose responsibility should it be to fund basic
medical research?
A I think the answer is government, but not everyone
agrees. I gave a talk to a Rotary Club on the benefits
of basic medical research in which I lamented the fact
that the Bush administration was shortchanging medical
research funding at U.S. universities. An audience
member challenged my premise and asked, "Isn't the job
of funding medical research a responsibility of the
pharmaceutical industry and, if so, why should
government do it?"
Read full Q A
session

Between 1997 and 2008, The Ontario Innovation Trust,
alongside the Canadian Foundation for Innovation and
institutional partners, invested over $2 billion
dollars in research infrastructure in the province of
Ontario. This investment was made in all regions of our
province in areas of research ranging from the arts to
the life sciences.