New Brunswick has always been home to innovative companies and an innovative government, where ideas have stretched the boundaries of what is possible. Global markets have taken notice.

A prime example in the early years is the first pioneer in our region in the telecommunications industry: NBTel and the internationally recognized Service New Brunswick “single window model.” Recent examples of innovative companies include Radian6 and Q1 Labs, which were acquired by technology giants salesforce.com and IBM in 2010 and 2011, respectively, have captured the attention of the national technology industry and put New Brunswick on the map. Accounting for just over $1 billion in commercial success in one year, the Radian6 and Q1 Labs acquisitions have together transformed “the image of New Brunswick from a have-not province to an innovation hotbed populated by smart technies and risk embracing investors.” 1 It is estimated that as many as 50 millionaires will have been created by the two deals, which generates not only short-term economic wealth, but potentially longterm gain with new seed capital and angel investors ready, willing and able to invest in New Brunswick innovations.

Despite the success of the province, to address several major challenges for the decade ahead, to transform the economic landscape for traditional and emerging industries, and to compete in an ever-changing global economy, a greater emphasis on innovation and the adoption of industry best practices is required.

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