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Beyond the big idea – redefining innovation to include small business

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Innovation conversation must be inclusive

Halifax, October 19, 2016 – Innovation is a key driver of economic growth, but there is a need to reframe the thinking around what defines innovation, why it’s important and how small- and medium-sized businesses fit into this conversation.

The report finds that small businesses don’t see themselves as part of the conversation on innovation since the definition used by government is often limited to the IT sector and is increasingly focused on the next big idea.

This is the compelling argument made in the latest report from the Canadian Federation of Independent Business (CFIB), Beyond the Big Idea: Redefining and rethinking the innovation agenda.

“In order to create policy around innovation, we need clarity about what innovation means,” said Jordi Morgan, VP Atlantic.  “While Information Technology (IT) is very important, developing new LED lighting for a retail showcase or a new ventilation system for a dairy is as innovative as creating a new app. Innovation is happening every day in small business.”

The report comes in the middle of Small Business Week in Canada and was presented at the Entrepreneurs’ Caucus in Ottawa by CFIB’s President and CEO, Dan Kelly.

“New processes are solving problems, existing technology is being used in new, creative ways, and new approaches are increasing productivity and bringing products and services to new markets,” Morgan added. “We need to build an economic environment that supports all kinds of innovation.”

To arrange a media interview with Jordi Morgan, please contact Ryan Richard at (902) 420-1997 or [email protected].

CFIB is Canada’s largest association of small- and medium-sized businesses with 109,000 members across every sector and region.