Thank you for your invitation to represent Dalhousie University here today to discuss the opportunities we have as a nation to attract and retain top research talent at our post-secondary institutions.
To address this pressing issue, we need to ask what incentives are required to attract the world's thought leaders to pursue made-in-Canada research and innovation and what investments are needed to ensure they stay in Canada to train the next generation of researchers and innovators.
The good news is that Canada has already made a lot of ground attracting and keeping talent. The Canada research chairs, CRC, and Canada excellence research chairs, CERC, programs have had a considerable impact. We were encouraged by the pledge to create 1,000 new CRCs in the Minister of Innovation, Science and Industry's most recent mandate letter, and the funding for up to 25 new CERCs in the 2022 budget was also certainly welcome.
However, this encouragement is tempered by the fact that Canada is well behind many other OECD countries in the percentage of GDP we invest in research. Several of these countries are assertively increasing their investments in research. Our competition is ramping up. When it's time for the world's leading research talent to decide which country will empower them to reach their full potential, how can we ensure that Canada is their choice?
Before we consider this, let's first consider what the CERC and CRC programs have already accomplished, because there is a lot to celebrate. For instance, just last week, Nova Scotia-based company Planetary Technologies won a $1-million XPRIZE finalist prize from the Musk Foundation for their innovation that uses the ocean to capture carbon from the atmosphere.
Their goal is to remove one giga-tonne of carbon every year. This is a remarkable goal. What gives them the confidence that they can achieve it? Well, they're powered by a research partnership with Dalhousie led by CERC emeritus and current CRC Dr. Doug Wallace and the researchers he has helped attract to the university from all over the world. Technology like this is putting Atlantic Canada on the leading edge of ocean carbon capture and storage, and it would not be happening without Canada's CERC investment, which attracted Dr. Wallace to Canada.
Another example is Dalhousie's Dr. Jeff Dahn, a tier 1 CRC. For nearly 40 years, he's been a global leader in advancing the science and technology of lithium ion batteries. His research has made lithium ion batteries the preferred power source for portable electronic devices, electric vehicles and more. How have we kept him at Dalhousie? The CRC program has played a fundamental role, and the ripple effect has been tremendous.
Dr. Dahn's research lab has generated two spinoff companies, including Halifax-based Novonix, which recently celebrated its listing on the Nasdaq. More importantly, Dr. Dahn's work has attracted other top researchers and a whole new generation of graduate students from around the world to Canada. When you invest in top talent, the benefits are far-reaching in terms of the research and innovations delivered and the HQP trained.
How can we ensure that we do not lose ground? Well, CRC and CERC help attract talent; however, the value of the CRC has not increased over time and has, in fact, decreased relative to programs offered by our competitor countries. To ensure that we continue to attract the very best research, our per chair investments need to increase. To attract top talent—whether to fill chairs or not—Canada needs to ensure we have robust funding programs in place to support the groundbreaking research they want to pursue, which means investing in our federal granting agencies.
With the Naylor report investments, CIHR, SSHRC and NSERC have just caught up to their international counterparts after being underfunded for many years, but there hasn't been any new money for investigator-driven research in the last two budgets or to sustain growth in our granting agencies. We can't afford to remain idle or we will fall behind again. We also need to ensure that we have the infrastructure, equipment and personnel to support researchers with world-class ambitions. This means investing in our research environments and the upkeep and management of this important research infrastructure because, in research, the famed cinematic quote holds true: “If we build it, they will come.”
Thank you again for having me here today. It's been my great pleasure to share successes and discuss opportunities, and I'm looking forward to addressing your questions.
Thank you.