OTTAWA — The parliamentary spending watchdog says a government program to fuse public and private money to promote innovation appears to be well shy of its promise.
The Liberals created their "supercluster" program in 2018, putting in $918 million over five years to bring business, academic institutions and other non-profits together for research projects that could have economic benefits.
The private and academic partners in the endeavour were expected to spend over $1 billion over the same time.
The federal spending was supposed to create 50,000 jobs and boost the country's gross domestic product by $50 billion over a decade, through advances in everything from supply-chain management to fisheries.
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