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Canadian businesses pride themselves on their capacity for innovation. However, they’re not convinced that they possess everything they need to innovate successfully.

The 2013 GE Global Innovation Barometer, a worldwide survey on business innovation, reveals that 81% of Canadian business executives believe the country possesses a strong innovation-conducive environment. However, some measures of the confidence expressed by business leaders in the country’s ability to innovate have declined since last year.

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While business leaders generally believe that governments and public authorities allocate adequate resources to support innovative companies, they want more from public/private partnerships. They want to see more results-based funding that will align investment with outcomes and encourage the commercialization of new products.

Canadians businesses want to develop new partnerships to market their products to the world, placing greater value on partnerships than many of the 26 countries surveyed. They want to find partners to: enter new markets (85%, six points above average); improve an existing product or service (83%, eight points above average); and to access new technology (81%, two points above average).