Canada's Defense Spending Boost Aims to Foster Dual-Use Technologies
Canada plans to increase defense spending to 5% of GDP by 2035, targeting dual-use technology development for military and civilian applications. This strategy is expected to enhance national sovereignty and stimulate growth in various sectors, particularly healthcare and manufacturing.
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The Canadian federal government proposes to more than double defense spending, reaching 5% of GDP by 2035, to enhance national sovereignty and support dual-use technology development. A $241 million fund is designated for small and mid-sized companies creating solutions applicable in both defense and civilian contexts.
Areas poised for impact include healthcare, with innovations like portable dialysis machines and AI-powered diagnostics, and manufacturing, where automation in shipbuilding could improve efficiency. Startups face challenges navigating complex procurement processes, though the government is initiating secure innovation hubs to facilitate collaboration. Experts emphasize the necessity of a competitive dual-use ecosystem to effectively support military readiness and economic growth.
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