Chart 2
Obstacles to innovation faced by Canadian businesses, 2022

Impacts caused by COVID-19 Lack of skills Uncertainty and risk Market size External financing Internal financing Regulatory or government competition policy Other obstacles to innovation Finding and reaching agreements with external collaborators Difficulties obtaining or enforcing intellectual property rights 0 10 20 30 40 %
Source(s):

Chart description


This is a bar clustered chart.

Obstacles to innovation faced by Canadian businesses, 2022
  %
Impacts caused by COVID-19 29.4
Lack of skills 28.5
Uncertainty and risk 28.1
Market size 14.8
External financing 14.5
Internal financing 10.7
Regulatory or government competition policy 8.0
Other obstacles to innovation 6.7
Finding and reaching agreements with external collaborators 6.4
Difficulties obtaining or enforcing intellectual property rights 1.6
Source(s):
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