7(1)The Council shall advise and make recommendations to the Executive Council on all aspects of research and innovation and on the development and commercialization of technology in order to advance these activities in New Brunswick and to foster increased coordination within government and increased collaboration between government and the business, industry, post-secondary education and research communities.

7(2)The Council shall make recommendations to the business, industry, post-secondary education and research communities with respect to a long-term course of action for research and development and the commercialization of technology.

7(3)The Council shall provide ongoing leadership by encouraging a shift in the New Brunswick economy towards an economy based on innovation and technology and by providing direction and focus for future economic growth.