FedDev Ontario’s 2014 launch of the Southern Ontario Prosperity Initiatives (SOPI) provided $530 million for small businesses to finance a variety of innovative and productivity-building projects. Investing in Business Innovation (IBI) is one of the four business-oriented programs created through the SOPI’s and aims to assist early-stage businesses to commercialize new, innovative products and processes….
The Investing in Business Innovation (IBI) small business loans program was created as part of the $530 million Southern Ontario Prosperity Initiatives (SOPIs). Provided through the Federal Agency of Economic Development for Southern Ontario (FedDev Ontario), IBI provides funding for early stage businesses to commercialize new, innovative products and processes. For many businesses overcoming technology…
According to a recent report from PwC, nearly 50% of all small businesses do not leverage any government funding sources. At the same time, their research shows that access to funding is a key barrier to business growth. For many SMEs obtaining funding is out of reach for a variety of reasons – companies may…
According to PLANT Magazine’s publication “Manufacturer’s Outlook 2015”, nearly 80% of Canadian manufacturing businesses will be investing in machinery, equipment, and technology over the next three years. Despite this, only 16% of manufacturers plan to use government funding programs as a means to assist their business expansion initiatives. Substantial funding has been provided by the…
MiMi Foods produces premium dough products for the Grocery and Food Service industries. Making a range of products from frozen pizza dough balls to pizza crusts, flatbreads, and focaccia, they have established themselves as a premier producer of artisan doughs and breads. Increasing success in recent years has maximized production output at their facility in…
Mississauga, Ontario business Therapure Biopharma Inc. is an industry leader in manufacturing biologics for medical use. With an expertise in plasma-derived proteins, Therapure has created a novel technology called PlasmaCap Expanded Bed Adsorption (PlasmaCap EBA), which seeks to separate proteins faster and produce a greater yield from the same quantity of plasma used. This highly…
The Mentor Works Ltd. team is dedicated to providing you with industry-leading knowledge of Canadian government funding programs. Whether you’re seeking small business funding grants, loans, tax incentives, or other funding vehicles, you can trust that Mentor Works understands the programs and knows how to position your business to secure the highest amount of funding…
The Ontario automotive sector contributed over $16 billion to the province’s GDP in 2014 alone. Ontario remains one of the strongest hubs in North America for the manufacturing and assembly of automobiles and Ontario’s economy is largely impacted by the performance of its industry players. The industry is rapidly evolving and therefore companies and government…
Does your small business have enough financing to implement its next strategic project? Financial constraints often lead to postponed or cancelled projects that would otherwise grow the business; you can’t make money without money. In order for businesses to have the necessary cash flows for their key strategic projects, the Business Development Bank of Canada…
In the wake of a new report which comments on Canadian firms falling behind with innovation despite receiving funding support, The Canadian government continues to modify and improve upon established research and development funding initiatives to maximize their support of innovation. However there is always a risk with R&D. Even the most promising of projects…