CATA's National Spokesperson makes recommendations to avoid 'Perfect Storm' that is eroding Canada's telecom foundation
August 26, 2008....CATAAlliance released today a White Paper authored by its National Spokesperson, Sir Terrance Matthews, including CATAnet TV interviews on the "perfect storm" facing the IT and Telecom industry in Canada, and made recommendations for moving us from 14th to first place as the Innovation Nation.
According to CATA President, John Reid, " Mr. Matthews sets out a compelling case for Government action, both in policy and program terms, if Canada is to retain any hope of being a 'global player' in the next generation of the Information and Communications Technologies that are revolutionizing our world."
In the White Paper, A Challenge For Survival for Canada's ICT Sector, key areas addressed include: Lack of Venture Capital; Tax Treatment of Foreign Private Investors; Impact of Canada's Rising Dollar; Low Level of Business Funded and Managed R&D; Government Procurement; Loss of 'Critical Mass' to Attract High-Tech Support Companies; and, Growing Shortage of Adequate Expertise.
For a copy of the White Paper, please contact John Reid at jreid@cata.ca
CATA as a Political Party
Reid added, "In many respects CATA is a political party, the party of the Canadian high tech industry. Our election platform is built from policy planks which will ensure success for Canada in the global economy. We actively encourage all of Canada's political leaders to better understand and embrace what it takes to create a knowledge based Canada."
Matthews concluded, "If Canada is to become an Innovation Nation, we've got to do a better job of supporting, growing and retaining our high tech companies and the people that power them."
++ Action Item: we encourage executives to contact us at info@cata.ca with any issues, concerns or guidance they might have for CATA's Innovation Nation Campaign; email cmalette@cata.ca if you are interested in joining a CEO Conference Call on the subject of A Challenge For Survival for Canada's ICT Sector.
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