American economist Joseph Schumpeter popularized the notion of innovation, proposing that innovation and technical progress are the foundation and impetus of the economic dynamic.
Innovation implies the concept of newness: new product, new service, new procedure, new method of production or distribution, new way of commercializing a product or service, new organizational method.
Innovation Value Chain
Innovation is among the priorities for the development plans of the City of Montreal, the Communauté métropolitaine de Montréal (CMM) and the Quebec government. The concerted effort of these various levels of government has shown success: over the last two decades, the Montreal economy has been radically transformed. Montreal, whose economy was industrial, has become a city of knowledge, creativity, innovation and collaboration.
The ICT Technologies Cluster of Greater Montreal: Nourishing Innovation
In Fall 2003, the Communauté métropolitaine de Montréal (CMM) opted for a competitiveness strategy based on the dynamic of innovative clusters. This strategy aimed to develop a culture of innovation and to invest in technological development.
TechnoMontréal (the ICT cluster) is among the eight clusters, out of 15 targeted in 2004, that are now structured within Greater Montreal. Since its foundation in 2007, TechnoMontréal has encouraged innovation and the knowledge economy in order to contribute to building the economy of the 21st century.
For more information on the evolution of the links between ICT and innovation, consult the Livre blanc L’innovation et les technologies de l’information et des communications (available in French), published by the CEFRIO in January 2011.