In its launch last year, the Canadian Agricultural Adaptation Program (CAAP) committed $50.3 million in government grant funding over 5 years (2014-2019). Funding will be determined on a case-by-case basis to provide up to 50% of project costs to $1 million per project, or $4 million in total funding over the 5-year program. It is…
The Technology Demonstration Program (TDP) offers non-repayable business funding contributions to support large-scale technology projects in the Aerospace and Defence (A&D) industry. The TDP will support one to three applications each year from an applicant, and businesses can apply for up to 50% coverage for projects with an annual max of $54M in total allocated…
As the Spin Master Innovation Fund manages its fifth consecutive round, Futurpreneur Canada and widely known toy company Spin Master Ltd. are collaborating to help startups who have been in operation for under 12 months. Also in association with the Business Development Bank of Canada (BDC), the Spin Master Innovation Fund will provide successful applicants…
The Canadian aerospace industry is poised for strong, sustained growth. Aerospace Manufacturing and Design, a site dedicated to news and resources for Canadian aerospace manufacturers, reports that Canada ranks 3rd in global civil aircraft production, and is forecasted to grow at twice the rate of the international civil aircraft manufacturing industry until at least 2021….
This month marks the beginning of a new venture for several Kitchener-Waterloo entities and Canada’s committed to big data analytics. FedDev Ontario has announced up to $3 million for Communitech Corporation to establish the Open Data Exchange (ODX) in Waterloo, Ontario. ODX is a partnership between Communitech, the University of Waterloo, D2L (Desire2Learn), CDMN (Canadian…
The automotive sector is made up of several industries: automobile assembly, automotive parts manufacturing, and the relatively small auto body and trailer manufacturing sector. Although all industries are experiencing increased competition, the automotive parts manufacturing sector in particular are pressured to adopt advanced technologies and streamline processes in order to stay competitive in the face…
April 1st marked the first day of the Canadian government’s 2015 fiscal year and with it, came an update to the Economic Action Plan (EAP), an initiative to benefit Canadian businesses, families, and seniors. This article will focus on the business elements of EAP. The Canadian federal government created the Economic Action Plan in response…
On April 28th, FedDev Ontario Minister Gary Goodyear announced that the Southern Ontario Smart Computing Innovation Platform (SOSCIP) Consortium would receive $20 million in Ontario government funding. On behalf of this consortium which is comprised of seven leading Ontario universities, the University of Toronto will receive funds which increases their access to advanced computing and…
Scale Up Ventures is a new type of Ontario government funding which aims to provide high potential startup companies with funding and mentorship opportunities to expand their business. A total of $50 million will be awarded to Ontario businesses through a venture capital collaboration between the Government of Ontario and private investors. Successful applicants are…
London, ON business Starlim North America was recently awarded $4M as part of the Investing in Business Growth and Productivity program (IBGP). Under this FedDev Ontario program, businesses can receive up to 25% of eligible project costs in a 0% interest government loan. This Canadian government funding program is ideal for large business expansion projects…