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second to none in technology but there is a significant lack of commerce skills among sector entrepreneurs, Impact Group president Jeffrey Crelinsten told QMI.
High tech start ups in this country are fading as firms New Balance Q4 fail to capitalize on ideas, dulling Canada's competitive edge and weighing on productivity, research shows.
The group looked at 18 research and development intensive start ups, all of which disappeared within 20 years and on average lasted less than 8 years.
Of the 18, many of which benefited from more than $30 million in investments, three went bankrupt, seven were liquidated, seven were sold and one merged with another firm. Almost half never registered a single sale.
Their sagas provide a vivid illustration of wasted productivity and money, the report said.
Still, R sectors are not growing at a healthy rate. Of New Balance Rose Gold Sneakers
RIM's one two punch helped the BlackBerry maker avoid this common pitfall, with Mike Lazaridis in charge of innovations and New Balance Shoes White People
A recent study by the Impact Group found that while Canadians are experts on the auto assembly line, we're lagging in info tech and having particular trouble filling the void left behind by Nortel.
money man Jim Balsillie in charge of branding.
High tech firms fail to turn R into profit
the roughly 9,000 R firms in Canada in 2001, almost half were small firms averaging annual revenue of roughly $2.7 million and not growing.
Canada is New Balance 610 Steel Toe
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