The article argues that the Canadian government should adopt a "Buy Canada" approach to procurement, where it prioritizes purchasing goods and services from small and medium-sized enterprises (SMEs) rather than large corporations. This would help stimulate innovation, create jobs, and boost economic growth.
The author suggests that this approach is necessary because the current system favors established firms that are able to navigate the bureaucracy and secure contracts with the government. By changing its procurement practices, the government could level the playing field for SMEs and encourage them to compete for business.
The article also notes that a "Buy Canada" approach would be consistent with the government’s stated goals of promoting economic growth and innovation. However, some critics may argue that this approach is overly protectionist or would lead to inefficiencies in the market.
The author cites NuEnergy.ai, an Ottawa-based company that developed software for Transport Canada, as an example of a successful SME that benefited from government procurement. The company’s CEO, Niraj Bhargava, is quoted as saying that while his company has received some benefits from government support, it prefers to focus on revenue-generating activities rather than relying on subsidies.
Overall, the article presents a strong case for why the Canadian government should adopt a more innovative and inclusive approach to procurement. By supporting SMEs and encouraging competition, the government can help drive economic growth and create jobs in key sectors such as technology and innovation.
