Business innovation in Canada has remained stalled in comparison to other developed and developing nations. The Canadian government has invested nearly $25 billion in federal government grants, loans, and tax incentives between 2006 and 2014 to support innovation in Canada, however this strong funding support is still evolving to be better utilized by industry. Compared…
Artisan Metal Finishing is a growing business that specializes in corrosion resistant metal treatments for zinc plating, zing flake coatings, decorative plating, zinc phosphate, and component degreasing. The London, Ontario based business has a strong track record of job creation and business expansion, making them an ideal candidate for Canadian government funding. Although Artisan Metal…
Research and development is a critical aspect of many businesses’ ongoing growth. To stay competitive in international markets, companies need to invest in new product development, product iterations, and process improvements. The National Research Council of Canada (NRC) has recognized this need, and in an effort to encourage Canadian businesses to invest in research they…
The Industrial Research Assistance Program (IRAP) has helped businesses across Canada improve their commitment to internal research and development, allowing some businesses to use their business funding grants for R&D each year. IRAP continues to evolve their programs around the needs of the business community, as seen in the launch of the Business Innovation Access…
Ottawa, ON. Last week (Nov. 17, 2014) The National Research Council of Canada (NRC)’s Industrial Research Assistance Program (NRC-IRAP) announced that it would fund an Orleans, Ontario robotics firm up to $349,000 to develop and assist in the commercialization of the next generation of unmanned aircraft systems in the 25kg class. This new round of…
A wide range of government funding programs are periodically available to support businesses’ various strategic initiatives. However, applicants should be aware of the turnaround time on submitted applications before committing to a specific Canadian government funding program. Unlike tax credits, which focus on retroactive reimbursement, small business funding grants and loans require applicants to pre-plan…
The National Research Council of Canada (NRC) offers one of the most generous funding for hiring opportunities available for innovative small and medium-sized businesses in Canada. The funding program is called the Youth Employment Program (YEP) and it is administered through the Industrial Research Assistance Program (IRAP). IRAP Youth Employment Program (YEP) Canadian Business Grants…
The Industrial Research Assistance Program (IRAP) launched a new funding incentive for small businesses called Business Innovation Access Program (IRAP- BIAP). Launched in April 2014, BIAP is an R&D funding voucher administered by the National Research Council of Canada (NRC) as a new program in IRAP’s funding portfolio. The program is suited for small and medium…
There are several options for companies engaged in developing interactive digital media products in Canada, including: Ontario government grants, Canadian small business loans, and both national & provincial tax credits. It is important to understand the difference between these funding instruments in order to maximize a digital media firm’s funding potential while improving project scope,…
Innovation has been identified by the Canadian government as an area of investment to fuel economic growth and prosperity. Thus, several research and development grants, loans, and tax credit are offered through the government to help promote innovation from Canadian-based corporations. It is important that Canadian SMEs understand the best application of various R&D funding…