Economic Action Plan 2013 Update: In addition to the several small business grants and business loans programs rolling out over the next five years the Federal government will provide $60 million to aid outstanding Canadian incubator and accelerator organizations in expanding their services to start-ups. A further investment of $100 million will be invested through…
Minister of State for the Federal State for the Federal Economic Development Agency for Southern Ontario (FedDev), was on hand at an event hosted by the Cambridge Chamber of Commerce (CCC) to discuss the Economic Action Plan 2013. Minister Goodyear highlighted the fact that since the worst of the global recession Canada has had the…
In today’s business culture, technological innovation and rapid global expansion are driving businesses to invest more in research and development activities to give their organizations a competitive edge. The Canadian Government has recognized the importance of scientific research and experimental development (SR&ED) and has since released the SR&ED Investment Tax Credit (ITC). Canada Revenue Agency…
Skills Canada supported approximately 500 youth as they competed in over 40 different trade and technology competitions. The Federal Government of Canada has recently announced that Skills Canada will be receiving over $8 million in Canadian government funding throughout 2012-2015 to promote careers in the skilled trades and technology and to provide hands-on experience to…
In March, the 2012 Canadian Federal budget was released, which included various changes to its Scientific Research and Experimental Development (SR&ED) tax incentive program. The SR&ED Canadian government funding program helps compensate corporate tax paying companies of any size for conducting research and development activities in Canada. The new SR&ED policies and documents will be…
The Industrial Research Assistance Program’s (IRAP) Youth Employment Program (YEP) is designed to provide financial assistance to innovative small and medium-sized enterprises in Canada that are interested in hiring a post-secondary science, engineering, technology and trade, business and liberal arts graduate. Graduates work on innovative projects within the enterprise and may participate in research, development and commercialization…
The MaRS organization is one Ontarios largest and most well established not-for-profit groups to provide government funding for research and development. The organizations goal is to support innovation by fostering collaboration between the worlds of science, business, and government. MaRS also provides useful advice and support to small businesses looking to adopt the industries best…
Until recently, Federal agricultural funding for small business has been distributed through several regional councils located across Canada. These councils have had the responsibility for assessing projects and allocating funding for local agricultural improvement programs for over 16 years. The Canadian Government has recently decided to delegate these responsibilities to a centralized distribution system for…
One of the popular topics of discussion revolving around the 2012 Federal Budget has been the revisions to the Allocation of Canadian Government Funding for Research and Development. The Department of Foreign Affairs and International Trade (DFAIT) is one of agencies that was subject to budget reductions. In turn, these cuts have reduced the amount…
The Canadian Government provides funding support for Canadian SMEs to develop and commercialize their innovative products and technologies. The ARP program supports technical problem solving by providing grant funding for business research and development. The program has undergone some minor adjustments as a result of increases to the 2012 Federal Budget Funding Support for the…