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Graduate student Christopher Skappak speaks about using savings and investments to fund and diversify Alberta's economy.
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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
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