When Canada’s federal budget was released on March 19, it gave Canadians another look at the Liberal party’s spending strategies. Like previous years, the federal government is staying committed to investment aimed at boosting the economy, especially as it relates to middle-class families. However, Budget 2019 also provided many great insights into the support businesses…
VITALITY Products Inc., based in Vancouver, British Columbia, is a brand of clean vitamins and supplements. Their range of products are made with high-quality, raw ingredients and effective formulas that are verified to help boost the health and wellness of their customers. The company is striving to fill gaps in the health and wellness sector…
InMed Pharmaceuticals Inc., located in Vancouver, British Columbia, is a biopharmaceutical company engaged in the discovery and development of novel, cannabinoid-based therapeutics for the treatment of diseases that have high unmet medical need. The organization has recently received Canadian government funding to support their research and development efforts in cannabinoid biosynthesis. The Industrial Research Assistance…
Ottawa-based communications technology firm Martello Technologies has recently received federal government funding to accelerate the development of their network performance management services. In today’s age of rapid digital transformation, an increasing need for bandwidth-intensive real-time services, such as video streaming, has generated a network performance management challenge; which Martello saw an opportunity to capitalize on….
The United States-Mexico-Canada Agreement (USMCA) offers many opportunities as well as some challenges for Canadian businesses. If ratified, the new agreement-in-principle will take effect on January 1, 2020 and significantly impact supply chain management, predominantly in the dairy, poultry, and automotive sectors. While there are many businesses across Canada that are concerned about these changes,…
When performing research projects that involve technical risk or uncertainty, Canadian innovators should use government funding programs. These offset project costs and reduce risk, making exploratory innovations more achievable for SMEs. To innovate as efficiently as possible, companies should be aware of how incentives such as the Industrial Research Assistance Program (IRAP) and the Scientific…
Charlottetown, Prince Edward Island-based biotechnology firm Somru BioScience has recently received a combination of grants and loans from Canadian government funding programs. This support will allow the company to accelerate research and development activities, provide comprehensive and innovative bioanalytical solutions, and create long term economic growth in Atlantic Canada. Somru BioScience is receiving a total…
Canadian government funding programs often use terminology that is difficult for applicants to understand. These terms may be uncommon, but they are significant and important to comprehend when it comes to developing competitive government funding applications. Applicants should have a basis to understand government funding programs, including the terminology used to talk about types of…
E3 Metals Corporation is a Calgary, Alberta-based mining company with specialties in lithium and other mineral exploration and development. Since being founded in 2017, E3 Metals has secured the rights to mine 580,000 hectares of lithium-rich land in Alberta. To locate and extract this lithium, the company studies over 60 years of data from oil…
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…