The Western Innovation Initiative (WINN) is a research and development funding program for small businesses located in western Canada. Companies operating in British Columbia, Alberta, Saskatchewan and Manitoba may apply for up to 50% of their project’s expenses to a maximum $3.5 million in repayable funding contributions. Innovative businesses use this fund to lead their…
The Canada Media Fund (CMF) recently awarded small business funding to 14 projects entering their production stage. Over $10.3 million in government funding was divided among these projects, with funding ranging from $321,000 to $925,000 per project. CMF plays a vital role in the development and production of Canadian media content. Through the Canada Media…
Sudbury’s economy is receiving a boost after three local small businesses were announced as recipients of Northern Ontario Heritage Fund Corporation (NOHFC) funding. Over $1 million in business expansion funding will help the companies create up to 27 new jobs and increase their innovative abilities. Among those awarded are Stack Brewing, Hard-Line Solutions, and A&M…
Kromet International is a leading engineer and manufacturer of finished metal components and assemblies. Their range of customized products serve the household appliance, automotive, LED lighting, health care, furniture, and transportation industries. As a multi-continent manufacturing network, the company provides low-cost manufacturing capabilities in addition to local, specialized support. For over 45 years the business…
Community Futures Development Corporations (CFDCs) across Ontario play a key role in administering government funding programs to startups and small businesses. In total, there are 60 CFDCs located across Ontario (36 in eastern and southern Ontario, 24 in northern Ontario) who have helped over 120,000 entrepreneurs with a variety of funding and business planning services….
The Mentor Works team of dedicated professionals are available to help support your small or mid-sized business’ success. By developing a deep knowledge of government grants, loans, and tax incentives, Mentor Works Ltd. helps proactive businesses to realize strategic investment plans such as hiring new employees or performing research and development activities. Mentor Works provides…
A transitioning Canadian economy has provided new opportunities for automotive manufacturers across the country. Declining oil and energy market prices have increased the importance of automotive success, and all levels of government within Canada are searching for ways to strengthen the automotive sector. Canadian government funding for innovative research and development projects is now more…
The Greater Sudbury area had four large northern Ontario government funding announcements in December 2015, totaling over $847,000 awarded in grants and loans. Provided through the Northern Ontario Heritage Fund Corporation (NOHFC), small business funding is available to encourage business innovation across northern Ontario. The four investments made will aid the Northern Centre for Advanced…
We have been busy this year, striving to educate Canadian businesses on funding available to them. Over the last 12 months, Mentor Works has completely overhauled our website, continued to provide daily Canadian small business funding news, and built our library of Free Funding Resources. We have further improvements in the pipeline for 2016, but…
Ontario’s future as a key economic player in Canada’s economy is heavily dependent on the health and success of businesses that operate in the province. In a technologically advancing global market, Ontario must be willing to invest in innovation to enable the province and country as a whole to become leaders in priority industries. To…