Measuring the Economic Impact of Mitacs
How Mitacs is Driving Innovation and Economic Growth Across Canada
Successful innovation takes more than an idea. That’s where Mitacs comes in. For over 25 years, governments across Canada have invested in our unique formula: strategic partnerships + talent + financial support to drive innovation.
As Canada’s innovation organization, Mitacs provides the resources needed to drive competitiveness and productivity across sectors such as digital technology, artificial intelligence, energy, sustainable solutions, advanced manufacturing, and social innovation.
Mitacs’s Influence on Business Growth
We’re committed to helping our partners succeed. A study by Statistics Canada shows that Mitacs-supported companies experienced an average increase of 9 percent in total revenue and 16 percent in sales by the third year after partnering with us. They also recorded an 11 percent boost in productivity, whereas the average increase for companies in Canada was 0.8 percent (source: Conference Board of Canada).
Impact on R&D Spending
Research and development are key to innovation. Mitacs-supported enterprises increased their R&D spending by 37 percent seven years after partnering with us. In the same period, companies that didn’t collaborate with Mitacs decreased theirs by 54 percent.
Employment Growth and Job Creation
Mitacs-supported enterprises are creating jobs and growing their workforce. They experienced a steady increase of 18 percent in employment levels over seven years. Non-supported companies presented a downward trend, with a reduction of 5 percent of their workforce in the same period.
Our Provincial Impact
Canada’s Innovation Organization
Whether it’s building Canada’s 5G network, developing artificial intelligence (AI) technology or advancing the scope of clean technology, Mitacs can help businesses evolve in a rapidly changing landscape.
Mitacs has long been a pioneer in Canada’s AI ecosystem, having built strong research collaborations between industry and postsecondary institutions for over 25 years. With our knowledge, co-investment, and expertise, we support entrepreneurs and businesses with cutting-edge AI solutions, while strengthening our AI talent pipeline to boost Canada’s productivity.
Mitacs can aid you in achieving your strategic goals and support your innovation projects. We can assist you in identifying your needs for your 5G projects, finding talent from the best academic institutions.
With more than 25 years of experience in the innovation ecosystem, Mitacs can help you identify and collaborate with top research talent — whose skills are perfectly matched to your advanced manufacturing needs. We’ve facilitated thousands of successful collaborations between industry and academia and have helped organizations of all sizes mitigate risk while they explore new ideas, enhance their operations and seize growth opportunities.
We have long been a pioneer in Canada’s cleantech ecosystem, and for more than 25 years, we’ve built strong research collaborations between industry and postsecondary institutions, from colleges to universities. With our specialized knowledge and connections, we support Canadian cleantech businesses and sustainability experts execute their vision at every stage of the innovation journey: from new product development to exploring disruptive technologies to commercialization. Discipline-agnostic, Mitacs supports short and long-term projects and creates a vital cleantech talent pipeline to maintain Canada’s position on the global stage.
With more than 25 years of experience pairing organizations with expert R&D talent, we can help you solve complex cybersecurity challenges. Mitacs gives you access to a vast network of top-level cybersecurity researchers, who possess the most up-to-date skills, knowledge and know-how to help you protect your organization’s network, safeguard your data, and stay one step ahead of potential online threats.
With more than 25 years of experience facilitating successful collaborations in the innovation ecosystem, Mitacs can give your organization access to an extensive network of highly skilled professors, students, and postdoctoral quantum R&D talent from across Canada and abroad. You’ll be able to tap into their expertise and know-how for insights on developing and implementing the quantum solutions best-suited to your unique needs, so you can maximize its potential and bring your next great innovation to life.
Mitacs has more than 25 years of experience in the innovation ecosystem, pairing organizations, hospitals, communities, and businesses, large and small, with top-level postsecondary R&D talent from colleges and universities across Canada and around the world. With Mitacs, you can tap into a vast network of highly skilled researchers in health and life sciences, who possess the most up-to-date knowledge to help you bring your medical and healthcare innovation to life – and to market.
Innovation Insights
Mitacs has fostered thousands of successful collaborations between organizations and researchers.
