The Build in Canada Innovation Program (BCIP) is a competitive first-purchase procurement program led by Canada’s federal government. Through BCIP, Canadian technology developers can connect with government departments, test their pre-revenue innovations in real-world settings, and potentially sell their solution to the government in exchange for a federal government contract. BCIP funding can help Canadian innovators access…
Independent mini-series, PsyBorgs, has been selected to receive up to $100,000 in film production grants through STORYHIVE’s 100K Edition competition. The investment has helped extend the project from a short film to a six-part series, that will be aired on STORYHIVE.com and Telus’ Optik TV-on-Demand. PsyBorgs is 1 of 25 production projects awarded short film…
Moving new and innovative technologies from research and development to the marketplace is not an easy process. Along the way, innovators need to formalize a commercialization strategy – requiring significant capital and human resource expenses. Yet for many Western Canadian businesses, pre-commercialization funding gaps are the main cause for products and services being delayed or…
To accelerate the growth of innovative small and medium sized businesses in Ontario, the federal government offers a variety of funding programs to help offset scale-up costs. Ontario small business loans help businesses address organizational challenges, create new job opportunities, and increase the company’s capabilities. The Southern Ontario Fund for Investment in Innovation (SOFII) program…
In September 2017, the Government of Canada announced it would be supporting innovative Naval LED Lighting Solution fixtures designed for navy vessels. Marine Industrial Lighting Systems Ltd. has been awarded a $1M contract to replace traditional fluorescent lights on combat navy vessels with new LED fixtures. The investment will help make marine vessels conserve more…
The Government of Canada has officially released its ‘short list’ of innovation consortiums to potentially receive funding through the Innovation Superclusters Initiative (ISI). Currently, nine research and innovation partnerships have been announced and will move onto the second stage of funding applications. Up to five of these groups will access Canadian government funding through the…
The Strategic Innovation Fund (SIF) is a Canadian government funding program that provides support for technology development and productivity-boosting projects. It promotes large-scale investments in Canada, while also encouraging technology transfer and development/commercialization of disruptive products and services. The Strategic Innovation Fund reduces eligible project costs by up to 50%; this helps businesses improve productivity…
The Government of Canada has awarded $11.5 million in Canadian government grants to support 6 manufacturers to accelerate the development of new automotive technologies. The investment will help each Ontario automotive supplier develop innovative technologies to be used in hybrid and electric vehicles. Each project will help address climate change concerns by creating technologies that…
The Atlantic Canada Opportunities Agency (ACOA)’s Atlantic Innovation Fund (AIF) provides Canadian government grants to support innovative research and development projects. Canadian small business grants can be used to support industry- or non-profit-led research and development (R&D) collaborations with post-secondary institutions and research institutions. Ideal projects should focus on the development and adaptation of commercially-viable…
The financial technology (fintech) sector is a growing component within Canada’s knowledge-based industries and focuses on the development of innovations and technologies for the financial services industry. By 2018, it is expected financial institutions will spend over $14 billion annually on fintech to solve internal technical challenges. Businesses like Secure Key, Phoenix, and eSentire are…