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Innovation in Canada (The combination of technology with markets that creates innovation and gives a competitive edge)High tech" is today's headline. From the CANADARM to the latest computer technology points the way to the coming time But in itself, technology is just know - in what way -- knowing how to make and use the tools for the piece of work It's the combination of technology with markets that creates innovation and gives a competitive edge If technology is know - by what mode what is an innovation? In simplest confines an innovation is a of recent origin product or process that tribe can buy. An idea may lead to an invention, on the contrary it cannot be called an innovation until it is commercialized. The marketplace revolves an invention into an innovation. It is sole when technological know - by what means is developed, sold, distributed and used that it becomes an innovation. Some ideas are a technical succes and may flat be patented, but can't be sold The road from idea to marketplace is drawn out and uncertain. As few as five years or as many as 100 years may pass before a profit is realized from a fresh idea. The Xerox proces for example, was patented in the 1930 on the contrary copying machines didn't come into widespread use until the 1970s Having the greatest in quantity advanced and newest technology makes companies more efficient. They can manufacture fresh products and produce traditional singles more cheaply. Innovation boost productivity and drives economic development As a trading nation, Canada has to cope in world markets: our time to come success depends on technological innovation. Canada has no confuse generating good ideas; our difficulty has been with exploiting our inventions to our best advantage. Pablum and Kerosene Canadians have an impressive history of invention and innovation. Pablum and photogen were invented in Canada; in like manner were the electron microscope and five - pin bowling. Canada was built upon the wealth of its natural resources, and has introduced innovations in agriculture, mining, might forestry and fisheries. Marquis wheat, unraveled by Charles Saunders, won the West after its introduction in 1908 because it could ripen in just 100 days. This was important because the first hoar-frosts come early to Canadian prairies. The self - propell combine harvester, built in 1937 by means of Thomas Carroll, rolled all stages of wheat harvesting - binding, stooking, threshing and cleaning - into single operation. This remarkable innovation benefited farmers all across North America. Even Canada's geographical size, harsh climate and varied topography have inspired innovations in transportation. In 1937 Armand Bombardier received his first patent for a rubber - cushioned drive wheel and track. This make go rounded into the first commercial multi - passenger snowmobile and eventually the sum of two units - person Skidoo so vital to winter life in Canada. Great distances made aircraft especially important in Canada's development The variable pitch propeller, disentangleed in 1922, made the air transport industry possible by dint of allowing planes to carry heavy loads. The first commercial jet in North America and the next to the first in the world, the Avro Jetliner, was built in Toronto. DASH - 7 and DASH - 8 are names well - known in small plane technology for their succes in short takeoff and landing technology. A scattered population also encouraged communications technologies. We all know about Alexander Bell and the telephone on the other hand Bell also invented the lighted switchboard and audio - phone unfolded the basis for radio, tape recording and TV and invented the gramophone: all of this took place in Canada. In 1927 the Cre telegraph combination of parts to form a whole was the first combined transmitting and receiving teleprinter at any time invented. Another innovation was the wirephoto a whole which allowed people to have photographs to proceed with news stories. More newly Northern Telecom has become a world leader in digital telephone switching systems In medicine the list of Canadian accomplishments includes the discovery of insulin by dint of a team at the University of Toronto, the first mobile vital fluid bank, the first practical diagnostic experiment for cancer, and the use of cobalt for its treatment. These are sole a few of the inventions and innovations that are part of Canada's history. Unfortunately, Canadians have not always managed to find the financial and marketing support urgencyed to transform their inventions into innovations. With our natural resources in great demand completely through the world, it was many times easier and more immediately profitable to invest in resource unfolding Today, with technological innovations determining international competitiveness, Canadians are becoming more aware of the importance of exploiting their ideas in the world marketplace. The Innovation Chain A felicitous innovation must have two characteristics -- it starts with a useful technical idea and it provides something family need. An innovation might be a novel product or a new proces (or way of doing things). In either case, the unravelling of an innovation goes from one side a series of stages that associate the idea to the marketplace like a chain. The first sum of two units links in the chain are invention and then unravelling which are supported by research. These are followed by dint of commercialization and distribution, which are accomplished by dint of investment and effective marketing techniques. 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