Empowering Canadian SMEs in a Shifting Economy

The economic landscape is constantly evolving—market fluctuations, trade conditions, and policy shifts present both challenges and opportunities for Canadian small and medium enterprises (SMEs). Businesses that embrace innovation, adopt new technologies, and forge strategic partnerships will be best positioned for success.

Mitacs CEO Dr. Stephen Lucas recently shared his insights in Canadian SME Magazine, outlining the critical role of research and innovation in helping businesses grow. Since 2018, Mitacs has invested over $1.2 billion in innovation, partnering with more than 12,000 enterprises to bring over 31,000 projects to life. The results speak for themselves:

9% increase in total revenue and 16% growth in sales within three years of partnering with Mitacs.

11% boost in productivity—well above the national average of 0.8%.

Access to cutting-edge expertise, AI solutions, and research-driven business strategies.

As Canada’s innovation organization, Mitacs provides SMEs with the talent, funding, and partnerships they need to thrive. Whether you’re looking to modernize processes, develop new products, or leverage data for smarter decision-making, Mitacs connects businesses with top researchers and tailored solutions.

Get expert insights from top business leaders, including Mitacs CEO Dr. Stephen Lucas, in the latest edition of Canadian SME Magazine.

Read the full article (Mitacs is featured on page 75):
https://issuu.com/canadiansme/docs/canadiansme_small_business_magazine_-_january_2025?fr=xKAE9_zU1NQ&utm_content=349738219&utm_medium=social&utm_source=facebook&hss_channel=fbp-301702622014