The 10 commandments to make the 21st-century Canada's century

  1. 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.
  2. 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.
  3. We must create a culture of excellence. Becoming the best is our only option.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. We must give rewards/recognition to those who risk, even if they fail.
  10. 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?"
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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.