What do the Blackberry, snowblowers, Trivial Pursuit, pet
insurance, insulin, instant replay, online auctions and five-pin
bowling all have in common? They are all examples of Canadians
taking advantage of entrepreneurial opportunities with
innovation.
As the management scholar Peter Drucker said, "Innovation
is the specific instrument of entrepreneurship. It is the act that
endows resources with a new capacity to create wealth." Or in
other words, the essence of entrepreneurship is the act of
creating something new – innovating.
As we know, entrepreneurial activity is not just good for
entrepreneurs themselves - it benefits all Canadians. It is a
powerful force that not only drives innovation, but productivity,
job creation and economic growth. And as a result, countries
with a high level of entrepreneurial activity tend to be better off
economically.
