Alberta Economic SummitSession 4: Views from Albertans

on Savings and Financing

Christopher SkappakMD/PhD Candidate

University of Alberta & University of Calgary

Building Our Future(More Bang For Our Buck)

What do these 3 individuals have in common

What do these 3 individuals have in common

What do these 3 individuals have in common

Alberta Needs To Be A World Leader In Innovation

This will lead to a stronger economy and more revenue for

the province

Saving For Alberta’s Future

• Currently worth 13.8 Billion (March 2013)

Alberta Heritage Savings Trust Fund

This Topic has probably been covered numerous times by this point in the day……

So I Will Be Brief

Saving For Innovating Jobs

• Currently worth $1.27 Billion (March 2013)

Alberta Heritage Medical Research Fund

• Currently worth $0.735 Billion (March 2013)

Alberta Heritage Science & Engineering Research Fund

OECD calculates that the return on investment in higher

education is 3 to 1.

Canadian university degree holders contribute 44 percent of the income

taxes collected by governments in Canada

We Need To Invest MoreResource Revenue In These

Trust Funds

Maximizing Our Investment in Innovation

Albertan put billions of $$$ towardspost-secondary education

Why?

To Train Tomorrow's workforce

IS IT AN INNOVATIVE WORKFORCE

OECD Report on Developing Skills for Innovation

And Long Term Growth in Canada

Canada’s weakest area in capacity to innovate is in entrepreneurship

Possible Solutions

Teach Alberta post-secondary students how to be entrepreneurs

Incorporating internships / professional development in training

Encourage more University/Industry collaboration

New Ways of Funding Innovation

Crowd Funding

A mechanism the province can help facilitate to generate seed money for

new entrepreneurs

One Example:

Thank you