Challenges

CMIC continues to face three core challenges, as follows:

Access to capital funding – CMIC does not maintain a readily available pool of capital for projects. This forces each project to fundraise, resulting in launch delays.

Access to relevant and accessible matching funding – government programs are numerous, diverse, and complex. Identifying, accessing, and negotiating relevant matching funding from public sources can create delays and for the CMIC mission drift, at either the organizational or project level.

Perceived competition with other entities – CMIC has made considerable progress in this area, and in terms of being the umbrella organization for innovation in Canada, it is broadly recognized by research, development, and innovation organizations in British Columbia, Alberta, Saskatchewan, Quebec, and Ontario, and organizations in Australia and Chile.