Are you looking for help financing your business, but having difficulty covering the expenses through conventional financing channels? There are several regional funding resources at your disposal to aid your business. These development programs aim to help businesses and create jobs to help the local economy. We, here at Mentor Works, have outlined a few…
The CME have released an update on available funding for 2011 – the Provincial Government of Ontario has decided not to recapitalize funding of the program in 2011 after the $4.2M that was awarded in February 2011. The dedicated funds will instead be utilized to eliminate deficit and bolster healthcare and education. It is not…
To provide a more productive, diversified and competitive economy in Southern Ontario, FEDDEV Ontario has allocated $210 million to this new program called the Prosperity Initiative
Accelerator Review Program, Small Projects with $50k Non-repayable Grant A popular funding mechanism in Southern Ontario is The Accelerated Review Process by the Industrial Research Assistance Program provides $50k non-repayable grant by supporting 100% of direct labor and 75% sub-contractors fees. How Funding Works The projects eligible are those that present a strong business case for technology…
The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. Under the program, a small business must apply for a loan at a financial institution (bank or credit union) of its choice. If the loan is granted by the financial institution, the federal government…
There is a new contribution mechanism, for industrial businesses incorporated in Canada, with eligibility criteria on the ability of SME’s to grow and generate profits through the development and commercialization of innovative or technology-driven, new or improved products, services or processes. Here is a small list of projects that are eligible to a maximum contribution…
IRAP and Youth Employment Program Through Canada’s Economic Action Plan, the federal government is providing additional funding to the National Research Council’s Industrial Research Assistance Program (NRC-IRAP) to enable it to temporarily expand its initiatives for small and medium-sized enterprises. NRC-IRAP will receive total additional funding of $200 million over two years, starting in 2009-2010….