Innovation alive among small business owners in Canada

The Vancouver Sun recently wrote an article highlighting the large amount of innovation small business owners are investing in innovation and research and development.

An impressive 13% of the 500 business owners surveyed said they will spend more than 10% of revenues on innovation or research and development this year; 10% expect to spend between 6% and 10%; and 28% plant to invest 1% to 5%.

Many of those surveyed also stated that they were forced to innovate due to the recession. Reasons included attracting a better staff and keeping a competitive edge.

Read more about what Canadian entrepreneurs are doing to keep their edge here.