Research and development is a critical aspect of many businesses’ ongoing growth. To stay competitive in international markets, companies need to invest in new product development, product iterations, and process improvements. The National Research Council of Canada (NRC) has recognized this need, and in an effort to encourage Canadian businesses to invest in research they…
The Globe and Mail recently reported on a shifting trend in Canadian government funding: changing rules to the popular Scientific Research and Experimental Development (SR&ED) tax incentive program have resulted in declining claims. According to the Globe and Mail, SR&ED payouts have reduced by over $1 billion since 2008. At the same time we’re seeing…
Young entrepreneurs in Ontario can receive funding and business support services to help start a summer company. The Government of Ontario has recognized the need to support young entrepreneurs gain first hand business experience while they are still completing their education. This has led to the development of the highly successful Summer Company Program. Young…
The Government of Canada offers a range of export-focused funding programs to support small businesses who are poised for international growth. Recently, the federal government announced more support for export market development activities, including renewed support for the trade commissioner services. Trade Commissioner Service – Export Market Development Services Prime Minister Harper recently announced expansion…
The Canada Media Fund’s (CMF) Experimental Stream offers repayable business funding for digital media projects that are intended for use in the Canadian media industry, or public use by Canadians. This Canadian government funding program offered through the Canada Media Fund is provided to eligible applicants through a low-interest loan (prime + 1%). In the…
The Canadian federal government knows the importance of tapping into Canada’s post-secondary talent pool to encourage innovation- there are a wide variety of grants and incentives available related to both post-secondary and industry. Both parties have felt the positive impact of the support programs, particularly through the programs provided by the Natural Sciences and Engineering…
The Ontario Manufacturing Learning Consortium (OMLC) have launched a partnership program with Ontario manufacturers to help address the skills gap in the labour market. Manufacturers are finding it increasingly difficult to find talented and experienced youth who can work in manufacturing environments. To help address this the OMLC launched a partnership program where young interns…
The Natural Sciences and Engineering Research Council of Canada (NSERC) offers support for businesses partnering with Canadian post-secondary researchers to address complex technical problems or projects. The popular NSERC Engage opportunity offers support up to $25,000 to complete a technical research project at a Canadian university. This funding supports projects up to six months in…
Technology companies are constantly innovating and transforming ideas into exciting new products and services. The Ontario technology sector is growing substantially with companies developing new products, and according to Invest in Ontario the IT sector here is the second largest cluster after California. Ontario’s IT cluster is centred on Kitchener-Waterloo, a region host to a…
Please Note: The Early Stage Exporters program is no longer accepting applications. Please explore the Export Market Access (EMA) program for exporting grants. According to Export Development Canada (EDC), Canadian businesses continue to scale their export expansion activities. In 2014, Canadian merchandise exported internationally climbed 11% compared to 2013 and will continue to grow by an additional…