Western Economic Diversification Canada

Business Expenditures in Research and Development (BERD) – expenditures by private firms on research and development. It includes creative work undertaken on a systematic basis in order to increase the stock of knowledge, and the use of this knowledge to devise new applications. R&D covers...

The total dollar value increase in sales of firms supported by WD.

High-Growth Firm – Based on list of all businesses in Canada included in Statistics Canada’s Business Register, a “high-growth firm” is an enterprise with average annualized growth greater than 20% per annum over a three-year period. That is, the total growth over a three-year period must be...