Ontario-based interactive digital media companies have many options when it comes to accessing government funding for software production projects. In addition to federal grants and incentives, the Ontario Creates (formerly OMDC) also offers provincial funding programs to extend support for innovative software development and commercialization projects. These include digital media grants and tax credits designed…
Creating a plan for accessing Canadian government funding is a critical component of proper cash flow planning for small and medium-sized enterprises (SMEs). Although this is one of the most important phases of the government funding process, the variety and complexity of programs requires businesses to have accurate, up-to-date information and resources in order to…
The future of electric vehicles (EVs) are becoming increasingly clear. Battery and engine technologies are being researched and developed at record pace; this has allowed global consumer demand to increase steadily. As more consumers begin to understand the technology and feel comfortable investing in electric vehicles, the market will become dominated by this trend. This…
Technology developers understand that the most critical stage of any project is the point of commercialization. Will the technology work once a prototype is created? Can it be tested to identify potential issues? Who will buy your technology, and how much of it will they buy? The commercialization gap kills innovation in all industries and…
Developing international markets is an imperative strategy for any business who is seeking to drive revenues and become globally competitive. Although it can be expensive and risky to act on an expansion plan, doing so can lead to a range of benefits such as generating substantially higher revenues, developing a more reliable value chain, and…
To stay competitive in the automotive industry, manufacturers must find innovative solutions to differentiate themselves and their products. Investing in new research and technology developments can enable both small and large manufacturing businesses to achieve higher profits, and become more competitive. In support of this ideology, Magna International Inc. has invested in the development of…
Greenhouse gas emissions (GHGs) are the leading cause of climate change, however many people have misguided perceptions about where these pollutants come from. Considerable blame is placed on businesses, (industrial companies particularly) but there are other sources of pollution that must be addressed too. Cities contribute more than 66% of global carbon emissions – this…
Among all of the crops produced by Canadian farmers, apples and greenhouse tomatoes generate some of the highest revenues. In 2015 alone, Canadian agriculture farmers earned over $230 million from apple sales and nearly $830 million from greenhouse tomatoes, each boasting strong domestic and international sales. However, pests and bacteria can pose a threat to…
In business, cash is king. Understanding how to manage your cash flow properly will save you from undue stress and ensure that you’re paid for your products or services. Meticulous cash flow management is one of the most important elements to running a strong, successful business. Cash is needed to complete new projects, pay employees,…
Ontario Centres of Excellence (OCE) is a government funded agency that supports the development of Ontario’s economy by creating jobs and enabling breakthrough research. Through its R&D Project Hiring Grants program, OCE supports a vibrant, sustainable research and innovation advantage for businesses in Ontario. Through the program, businesses can hire an academic researcher for up…