Well, whether we’re thrilled about it or not, we’ve officially put 2019 behind us and have welcomed 2020! As Canadians prepare for the year ahead, many businesses plan to undergo a similar jumpstart. Companies and governments operate on cycles that change throughout the year. These organizations tend to prepare and/or focus on annual budgets while…
A Vancouver, BC company has received $1,181,944 in Canadian government funding to develop and scale up production of advanced battery materials. Nano One Materials Corp. received cleantech funding from Sustainable Development Technology Canada (SDTC or SD Tech), for a project that will provide battery technology for electric vehicles and renewable energy storage. This recent installment…
Kane Biotech in Winnipeg, MB has been awarded $340K in research grants from the Industrial Research Assistance Program (IRAP) to enhance the company’s quality assurance and supply chain capabilities. Kane Biotech CEO Mark Edwards says that IRAP funding will contribute to the growth of the company’s health products for dogs, cats, and horses: “This contribution…
Managing a new project for your business can be headache-inducing. Whether the project involves installing new equipment, hiring several co-op students, completing research and development for a new process or product, or attending international tradeshows, you need multiple resources—time, people, money—to come together for you to reach your end goals. Often what happens in the…
Three companies in the Greater Toronto Area have in total received $5.6M in research and development funding from the National Research Council’s Industrial Research Assistance Program (NRC IRAP). The research and development projects of the three firms are some of the first to benefit from the federal government’s Budget 2018 investment of $700M over five…
Toronto company Datametrex AI Ltd. has been awarded $945K from the federal government’s Department of National Defence (DND) to continue the company’s development of its social media discovery and monitoring platform. Funding comes from the DND’s Innovation for Defence Excellence and Security (IDEaS), a federal procurement program that supports the development of defence and security…
Government funding for research and development (R&D) activities is widely popular. There are many different funding programs and mechanisms available to help businesses offset the costs (and risks) of engaging in R&D. This helps Canadian businesses to reduce the time it takes to develop a new product or service. Many businesses that we work with…
Many businesses that Mentor Works deals with have heard of the two most popular research and development (R&D) funding programs: NRC’s Industrial Research Assistance Program (NRC-IRAP) and the SR&ED tax credit program. Both are valuable programs that support innovation and commercialization efforts. However, most of our clients are unaware of the wider range of programs…
The National Research Council (NRC) recently announced a $5M funding award to Ottawa-based Ross Video. The $5M in funding signifies the single largest funding award through the Industrial Research Assistance Program (IRAP) and will help the organization to compete with other tech firms on a global level. Funding from this federal program will be disbursed…
BioConnect, an Ontario biometrics company, has received millions of dollars in funding from the Federal Development Agency of Ontario through the agency’s Business Scale-Up & Productivity Program (BSP). The funding will support multiple expansion projects at BioConnect, including commercializing new biometric technology and growing in new export markets. Founded in 2010, BioConnect provides biometric access…