Is Entrepreneurship Waning in Canada?
The Globe and Mail recently addressed the fact that in recent years, the relative impact of self-employment across Canada has been waning. Self-employment has always been an important feature of the Canadian economy; the OECD lists Canada as one of the highest concentrations of entrepreneurs within a working population. However in recent years, the ratio of […]
The Automotive Innovation Fund
The Automotive Innovation Fund (AIF) was established in 2008 to support research and development projects to build more fuel-efficient vehicles. Managed by Industry Canada, the AIF reviews proposals of more than $75 million over 5 years, including vehicle and powertrain assembly, large-scale automotive Innovation, and other R&D initiatives. For example, in 2009, AIF awarded$54.8 million […]
Growing the Margins- Rural Green Energy & Biogas
Growing the Margins (GTM) recently ran the Canadian Farm and Food Biogas Conference (March 5-6) and Exhibition and the Technology Tour (March 7) throughout the London, Ontario region. The conference and exhibition facilitated inter-industry association collaboration and discussion of hybrid solar / bio solutions. It provided innovative companies a forum through which to present on topics ranging from the latest […]
SR&ED Program Encourages Li-ion Motors Corporation to Collaborate with Canadian Company
Li-ion Motors Corporation has announced that they will make plans for additional collaboration with Canadian firm Lithium Electric Vehicle Corporation (LEVC) to take advantage of Canada’s Scientific Research and Experimental Development (SR&ED) program. Li-ion’s fully electric vehicles (the Inizio and the Wave), along with their battery-management and electric propulsion technologies, are technological advancements over the traditional fuel-powered vehicles. The […]
Harper Government Strengthening Canada’s Science and Technology Advantage
During a speech today at the Creative Economy Summit, the Minister of State for Science and Technology, Gary Goodyear, announced that Canada will continue to make key investments in science and technology. “Through our government’s science and technology strategy, we are keeping our economy strong, creating high-quality jobs and ensuring Canada is a premier destination […]
Launch of Canadian Manufacturing Network
The Canadian Manufacturing Network has launched with a Manufacturing JOBS Resource Network and a National Skills & Learning Portal. The Canadian Manufacturing Network was made possible through a collaboration between two of Canada’s leading manufacturing organizations: Excellence in Manufacturing Consortium (EMC), and the Textiles Human Resources Council (THRC). Manufacturing JOBS Resource Network (MFGJOBS) After more than a […]
Ontario Insists on Local Content for Renewable Energy
In an interview with Reuters, Energy Minister Chris Bently refused to alter controversial rules that require local content for all projects. The FIT review will be complete by the end of March, and it is expected that cuts will be made in the generous government subsidies that have previously jumpstarted renewable energy businesses in Ontario. […]
FedDev leads $20M funding round for 8 Toronto startups
The Federal Economic Development Agency for Southern Ontario (FedDev) put up $4.85 million into young startups, in order to leverage an additional $15.2 million from venture capital and angel investment groups. The companies to receive funding are as follows: Trillium Therapeutics Inc. Total funding: $2.97-million Sources: $965,000 from FedDev and $2-million from Covington Capital, GrowthWorks, […]
New High-Tech CO2 Absorption System to Reduce Greenhouse Gases
With the help of the Ontario government, Pond Biofuels is piloting a new CO2 absorption system at St. Marys Cement. The new system will reduce greenhouse gases by absorbing dirty smokestack emissions, and grow algae which can be used in oil production, can be converted into biodisel and bioplastics, or act as a renewable coal […]
North Innovation Fund launched to support Canada’s Knowledge-Based Industries
Waterloo and Toronto, February 15, 2012 – North Innovation Fund (NIF), a privately-held alternative financing firm providing ongoing SR&ED accrual loans to early stage Canadian companies in a variety of technology-based sectors, today announced the launch of its first Fund. The Fund was created to identify high growth and innovative companies that are in need […]