The Government of Canada recently expanded the scope of several of its most popular innovation funds and combined them into one broader program to help fuel this potential for innovation within Canadian businesses and organizations. The new Strategic Innovation Fund (SIF) will provide up to $1.26 billion in funding over the next five years to…
We understand the importance of aligning strategic priorities with grants and loans to a business’ growth trajectory. To help businesses become more aware of their funding opportunities, our team hosts monthly webinars to discuss the various funding options. Both federal and provincial governments provide funding for business expansion, capital investment, workforce development, and R&D initiatives….
The Bank of Canada’s quarterly Business Outlook Survey summarizes interviews between the bank and approximately 100 senior managers from businesses across Canada. Its purpose is to gather the perspectives of these businesses on topics such as demand, capacity pressures, and other economic indicators. The Summer 2017 Business Outlook Survey signalled that businesses are gaining strength…
In April 2017, the Government of Ontario announced it would be supporting a total of seven clean technology demonstration projects. Each project proposes positive impacts for Ontario’s key economic sectors, while offering innovative end-user cleantech solutions. Program participants will be receiving Ontario government grants through the BLOOM Clean Technology Demonstration Program. The BLOOM Clean Technology…
The Canada Media Fund (CMF) Experimental Stream supports Canadian businesses developing, producing, and marketing innovative interactive digital media content and software applications. The program provides repayable government funded advancements to support innovative media projects that deliver a valuable end-user experience. Software and game developers can receive up to 75% coverage of eligible project costs to…
Today, approximately 3,800 Ontario food and beverage processing companies provide crucial resources to both local and international consumers. The province continues to be an ideal location for business owners in the food and beverage industry based on access to natural resources, innovation, and skilled labour. In 2016, Ontario’s agriculture sector increased its total output by…
Although the Mentor Works team is dedicated to helping our clients receive government funding, we do have some hobbies outside of work. This includes traditional hobbies like cooking, reading, sports, and gardening, as well as more eccentric hobbies. Over the past year, some Mentor Works team members have been playing dungeons and dragons together. Not…
In 2014, the Government of Ontario introduced Starter Company, a funding program that supported youth entrepreneurs. To date, the program has assisted 2,700 businesses and supported the creation of more than 3,100 jobs across the province. That iteration of the program is now closed, however, to continue supporting startup ventures in Ontario, the government has…
To be competitive in Canada’s fastest growing technology-driven industries, businesses in Atlantic Canada need to invest in innovative products, processes and services. Although it can be difficult to devote a sizable budget towards research and development, there are ways to reduce the cost and improve the scale of R&D projects. Government funding provided through the…
Smart, connected vehicles are transforming the global automotive industry. Consumers are now looking for technologically-advanced vehicles to support a ‘connected lifestyle’ where they can still be entertained, productive, and safe behind the wheel. Automotive manufacturers should take note of this shift and offer new valuable products or services to serve the connected vehicle market. There…