Small businesses in Canada searching for a new channel of loan funding should consider Industry Canada’s Small Business Financing Program. This program helps companies finance improvements and expansion efforts by increasing loan availability across Canada. Is Your Company Eligible for this Government Funding? All Canadian for-profit small businesses with revenue up to $5 million may…
HTX supports new and established Ontario-based companies so they can develop, produce and commercialize enhanced Medical and Assistive Technologies (MATs). Market area’s of particular interest include: medical devices, diagnostic & medical imaging, healthcare IT and wireless health (smart devices) and lastly, assistive devices & home healthcare. The Health Technology Exchange funds projects that promote partnerships…
The Buyer Financing program is organized by Export Development Canada. EDC provides financing directly to a foreign buyer of Canadian goods and services and in these situations takes the risk of non-payment and disburses the funds directly to the company. Generally, financing is provided for up to 85 per cent of the value of the…
The Business Development Bank of Canada is a crown corporation created to help grow Canadian SMEs by providing financial and consulting services that complement the private sector financial institutions. The BDC’s Marketing Expansion Loan can provide extra money for specific repayment terms for maximum flexibility. This program was designed to aid Canadian entrepreneurs in growing…
The Health Technology Exchange is providing assistance to Ontario-based medical manufacturers looking to keep large-scale global R&D projects in Ontario. The Ontario Flagship Program aims to take advantage of Ontario’s high-skilled researchers and resources by providing financial aid to keep R&D activities from being outsourced internationally. Funding Amount & Eligibility The Ontario Flagship Program is…
We have profiled how healthcare R&D projects can tap into funds related to pre-commercialization and commercialization of new technologies. Companies that have missed out on, or already benefited from, these funding mechanisms can utilize the Technology Implementation Program (TIP). This program, funded by The Health Technology Exchange (HTX), is designed to assist late-stage testing of…
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…
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
Export Development Canada in partnership with Mercantile Finance Services Ltd., can provide unsecured loans of up to $50,000 for a two year term to support Canadian companies with export business development goals. My clients have enjoyed these funds to assist them with increase production capacity for exporting, attending trade shows or new marketing efforts for…
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…