The Government of Canada has recently launched a pilot program to help attract international investors to Canada as well as speed up the process for investors to obtain permanent residency status in Canada. The Government has recognized the important role that Venture Capitalists play in the startup economy and are working to grow Canada’s startup…
Alberta Innovates Technology Futures offers Alberta SMEs support for research, development, and innovation. Their goal is to help build healthy, sustainable, and innovative businesses in the province. This post will focus primarily on the funding programs offered through Alberta Tech Futures, but they provide Alberta small businesses with a range of services including: Technical Services:…
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…
Scale Up Ventures is a new type of Ontario government funding which aims to provide high potential startup companies with funding and mentorship opportunities to expand their business. A total of $50 million will be awarded to Ontario businesses through a venture capital collaboration between the Government of Ontario and private investors. Successful applicants are…
Please Note: The Early Stage Exporters program is no longer accepting applications. Please explore the Export Market Access (EMA) program for exporting grants. According to Export Development Canada (EDC), Canadian businesses continue to scale their export expansion activities. In 2014, Canadian merchandise exported internationally climbed 11% compared to 2013 and will continue to grow by an additional…
Canada’s second-largest auto parts maker, Linamar, is receiving significant support from the Canadian federal and provincial governments. The Guelph-based manufacturer has committed to a $506.8 million research and development project that will lead to significant job creation and innovation within Ontario. The resulting economic impact has spurred multiple government investments to assure a successful project…
The Federal Economic Development Agency for Southern Ontario (FedDev)Â Minister of State, Gary Goodyear, and MPs, Harold Albrecht, Stephen Woodworth and Peter Braid, were in Waterloo on November 12th to announce a $2 million investment in innovative local businesses. An investment of $1.53 million will be shared by three businesses, and an additional investment of up…
The National Research Council of Canada (NRC) offers one of the most generous funding for hiring opportunities available for innovative small and medium-sized businesses in Canada. The funding program is called the Youth Employment Program (YEP) and it is administered through the Industrial Research Assistance Program (IRAP). IRAP Youth Employment Program (YEP) Canadian Business Grants…
MaRS Embark Funding is a wage subsidy offered through MaRS and your local Regional Innovation Centre (RIC). Embark offers up to $20,000 in funding to hire a young professional (between the ages of 22-29) for a business role who will work with the venture to help reach specific goals or milestones. The business is required…
This Canadian government funding program supports small businesses and start-ups through the 61 Community Futures Development Corporations (CFDCs) across Ontario. FedDev Ontario serves Southern and Eastern Ontario through 37 regional CFDC offices, and FedNor serves Northern Ontario through 24 regional CFDC offices. The program offers a range of business funding to support small businesses develop…