The Canadian Federal Budget 2018 was released last week to much interest from business leaders and industry analysts. This year, innovation was again a top priority of the federal government, highlighted by the increase in funding support for several research and development funds. Unlike the previous two Liberal budgets, however, there will be considerable changes…
The Trillium Network for Advanced Manufacturing (also referred to as the Trillium Manufacturing Network) is a non-profit organization dedicated to supporting Ontario’s manufacturing industry. Funded through the Canadian federal and provincial governments, the Trillium Manufacturing Network is uniquely focused on helping Ontario manufacturers grow through mentorship and collaborative research opportunities. Recently, the organization was awarded…
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…
Climate change is one of the most significant global challenges humankind has ever faced. To overcome it, a variety of solutions will need to be implemented across the world. Clean technologies (cleantech) comprise the most promising solutions so far; as technologies are developed and deployed, carbon emissions decrease and the effects of climate change lessens….
On November 14, 2016, Prime Minister Trudeau and nine federal cabinet Ministers met with Canadian and international investors to pitch investment in Canadian infrastructure projects. During a series of meetings throughout the day, Trudeau and his team of Ministers argued the strength and positioning of Canada’s economy, as well as the opportunity to grow in…
Mentor Works gets several calls a day from entrepreneurs and aspiring small business owners on how to get started. Their questions vary, but each one is looking to orient themselves in this space and find out what sort of government backed programs exist to support them. I have had the pleasure of working in this space…
Canada has an abundance of agricultural focused businesses. From the farmers and producers that feed our cities, to the processors who modify food, to the organizations who help support food and agricultural research. As a result, and given Canada’s position as a leading agricultural producer, it’s not surprising to see the abundance of funding options…
Does your small business have enough financing to implement its next strategic project? Financial constraints often lead to postponed or cancelled projects that would otherwise grow the business; you can’t make money without money. In order for businesses to have the necessary cash flows for their key strategic projects, the Business Development Bank of Canada…
Amongst the updates announced in the Economic Action Plan 2015 was an improvement to the Canadian Small Business Financing Act (CSBFA), a popular small business loan to extend cash flows and support growth. As a quick overview, CSBFA was created to help businesses in establishing, expanding, modernizing, and improving their systems and targets. Businesses can…
On June 24th, the Ontario Aerospace Council (OAC) will continue its “Show Me the Money Series” of seminars. This morning breakfast seminar will help companies within the aerospace industry to learn about funding opportunities including Ontario small business grants and loans. Whether you have a specific project in mind which requires funding, or you would…