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Innovation alive among small business owners in Canada

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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.

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