Businesses rarely remain competitive with the same product offering they’ve always offered. In these rare cases, companies operate in a unique niche that presents high barriers to entry (capital, expertise, IP, etc.), and benefit from a low-to-no competition environment. No considerations need to be provided for the product life cycle since competitive forces are not…
A key contributor to the Canadian economy, the Canadian horticulture industry generates over $5B in sales and $2.6B in exports annually. The Canadian Horticulture Council (CHC) has received funding for research and development initiatives to continue to provide Canadian farmers with tools and resources to be competitive global producers of high-quality fruit and vegetables. The…
The Canada Media Fund (CMF) is a non-profit organization that administers Canadian government funding to traditional and interactive digital media developers. CMF offers many types of repayable/recoupable funding programs including the Experimental Stream, which is specifically targeted towards software and game developers working on interactive digital media products. CMF’s Experimental Stream – Innovation Program can…
Questions about setting your ingress gateway at the edge/proxy to service mesh? IRAP funding could help. Moving data structures to an event-driven architecture? You might want IRAP funding. If you have a technology product or service solution to commercialize, you are probably the ideal applicant for NRC-IRAP government funding. This webinar will explore the larger…
The Industrial Research Assistance Program (IRAP) is a Canadian research grant that helps companies perform innovative projects with federal government support. As administered by the National Research Council of Canada (NRC), IRAP helps de-risk technology development and adoption/adaptation projects. By accessing IRAP funding, companies can expand research budgets and invest more in experimental projects that…
The Request for Proposal (RFP) (also known as Request for Quotation) process is a very common way for the Canadian government to procure products and services from private suppliers. The federal government has recently increased procurement opportunities for Canadian businesses, and several funding programs have shifted towards gated applications and the procurement process to ensure…
BioVectra Inc., based in Charlottetown, Prince Edward Island, serves the medical and biotech sectors and manufactures pharmaceutical products. These products have been used in the treatment of illnesses such as kidney disease, cancer, multiple sclerosis, and cardiovascular disease. The firm has recently received Canadian government funding to support strategic growth projects that include creating and…
Consider this scenario: A customer asks your company to manufacture a part according to certain specifications, which were outlined in a contract. He needs to add the part to his product and ship it to his customers by a set deadline. Your company creates the part, but due to an error that occurs during the…
Ontario’s first budget under the Conservative government offers an array of measures designed to help businesses. Through tax incentives and the potential for new and modernized government grants and loans, there are many direct financial incentives worth discovering. Other considerations supporting the business community include lower hydro rates, reduction of regulatory “red tape,” freezing the…
![[EVENT] April 25, 2019 in Markham: Financing Solutions for Strategic Business Growth](https://www.mentorworks.ca/wp-content/uploads/2021/01/bigstock-Teamwork-For-Success-91531910-2.jpg)
To overcome growth challenges, businesses should use a combination of equity, bank financing, and government funding. Each source of investment capital supports aggressive but sustainable growth plans and enables companies to act on emerging market opportunities. Fortunately, businesses can learn more about Canadian and Ontario government funding to support business growth by attending an upcoming…