FedDev Ontario’s 2014 launch of the Southern Ontario Prosperity Initiatives (SOPI) provided $530 million for small businesses to finance a variety of innovative and productivity-building projects. Investing in Business Innovation (IBI) is one of the four business-oriented programs created through the SOPI’s and aims to assist early-stage businesses to commercialize new, innovative products and processes….
According to a 2014 release of Statistics Canada data, Canada continues to decline in its commitment to innovation. The portion of Canadian businesses investing in process innovation fell from 33.5% in 2007-2009 to 29.0% in 2010-2012. Similarly, innovative businesses in Canada fell from 76.3% to 60.1% in the same time period. This decline is alarming….
Program Update: CME SMART Advanced Technologies for Global Growth program will not be accepting applications after July 31, 2016. Please contact a Proactive Funding Planner to discuss alternate business grants for your company. The CME SMART Advanced Technologies for Global Growth (CME SMART) program is supported through funding by FedDev Ontario and supports southern Ontario manufacturers as…
Therapure Biopharma is a leading manufacturer of biologics for medical use with expertise in working with plasma-derived proteins. The Mississauga, Ontario-based business has been able to use this industry-leading knowledge to create a proprietary system known as PlasmaCap Expanded Bed Absorption (EBA). PlasmaCap EBA yields an increased amount of protein from the same quantity of…
Program Update: CME SMART Advanced Technologies for Global Growth program will not be accepting applications after July 31, 2016. Please contact a Proactive Funding Planner to discuss alternate business grants for your company. The CME SMART Advanced Technologies for Global Growth business grant is funded by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and…
Waterloo, Ontario-based social messaging application Kik has become one of three Canadian companies to be valued at $1 billion or more. This valuation comes after the company received an investment of $50 million (USD) from Chinese internet giant Tencent. With over 240 million registered users around the world, Kik has gained a great following and by…
The 2015 federal election is arriving just as the Province of Ontario is showing signs of economic growth. Since this time last year, the province has added 67,000 jobs and leads all North American sub-national regions in attracting foreign investment – a main reason why Ontario is the leading province for economic activity across Canada….
Toyota Canada recently announced that they will be investing $421 million for state of the art enhancements to their Ontario production facilities in Cambridge and Woodstock. This amount, which includes a portion of Canadian government funding, shows the company’s commitment to the Ontario automotive industry and 8,000 jobs which area supported between the two plants….
According to PLANT Magazine’s publication “Manufacturer’s Outlook 2015”, nearly 80% of Canadian manufacturing businesses will be investing in machinery, equipment, and technology over the next three years. Despite this, only 16% of manufacturers plan to use government funding programs as a means to assist their business expansion initiatives. Substantial funding has been provided by the…
Mississauga, Ontario business Therapure Biopharma Inc. is an industry leader in manufacturing biologics for medical use. With an expertise in plasma-derived proteins, Therapure has created a novel technology called PlasmaCap Expanded Bed Adsorption (PlasmaCap EBA), which seeks to separate proteins faster and produce a greater yield from the same quantity of plasma used. This highly…