“In contrast with all this Canadian research and development activity, the growth of revenue-generating cleantech firms here has been relatively modest, suggesting that these companies face stubborn barriers to market penetration across the economy.
Indeed, Canada ranks among the top spenders on R&D among Group of 20 countries, but it’s near the bottom at turning that work into the commercial products companies can be built around.” 1
1. From page 6 of document.
FIBA’s mission is to help Canadian startups accelerate the commercialization of their products, rapidly climb through the first inflection point of their S Growth curve.