Linking Government Grants to SR&ED: Capital Equipment
The Canadian government spends approximately 24% of GDP on direct and indirect funding programs for businesses. Of that 24%, about 21% is available for indirect funding and 3% is available for direct funding. The indirect funding category is comprised of tax credit programs, while the direct funding category is comprised of repayable and non-repayable grants. […]
Northern Ontario Development Program Funds Innovation
Small to medium sized companies located in Northern Ontario that are looking to invest in innovative projects that will lead to commercialization should consider the Innovation stream of the Northern Ontario Development Program (NODP). This repayable fund focuses on increasing innovation, productivity, and competitiveness in Northern Ontario. The key sectors are biotechnology, mining and forestry, agri-food, […]
Employee Spotlight: Sandra Stepan
Sandra Stepan has recently joined the NorthBridge team as a Client Manager. She is bright and cheerful and such a wonderful addition to the Sales and Marketing team. Her role is to set up and attend client meetings, research government funding programs, develop new sales and marketing strategies, use social media tools, and organize company […]
OIDMTC Supports Development of Interactive Digital Media in Ontario
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit that supports the development of interactive digital media in Ontario. The tax credit funds 40% of eligible labour, marketing, and distribution costs. The maximum contribution per project is $100,000 for marketing and distribution costs, but the labour contribution is uncapped. In order […]
NorthBridge Success Story: Ontario Confectionery Company Receives Funding for Hiring of Recent Graduate
NorthBridge engaged an Ontario confectionery company that was looking to hire a recent graduate from a STEM field (science, technology, engineering, or mathematics). The company wanted to hire an engineering undergraduate student to help with equipment installation, design, product engineering, and with repairs. Our team was able to provide information about the GEI funding program […]
EODF Supports Expansion and Development Projects in Eastern Ontario
Eastern Ontario companies that are looking to undertake an expansion and development project should consider applying for the Eastern Ontario Development Fund (EODF). EODF will provide non-repayable funding of up to 15% of eligible project costs to a maximum of $1.5 million. This fund supports new investment in local regions, the creation of new jobs, […]
NorthBridge Success Story: Ontario Manufacturer Qualifies for EMA Trade Show Funding
NorthBridge engaged a manufacturer located in the Region of Waterloo that was looking to exhibit at two international trade shows. The company was looking to increase their export sales in the United States and to identify sales leads in two new target markets. The company had applied for the SR&ED program but was unaware of […]
Growing Forward 2 Implementation Intake Deadline
Growing Forward 2 (GF2) is a five year $417 million Ontario funding program that supports agriculture producers, processors, and companies in collaboration. The Project Implementation stream funds capital expenditures and implementation costs. Year One of the program is coming to a close and the deadline to submit applications under the Implementation stream is January 30, […]
EMC Seminar with Guest Speaker from NorthBridge Consultants
Excellence in Manufacturing Consortium, Canada’s largest manufacturing consortium, is hosting a Strategic Interest Group event on January the 23rd, 2014 (9am) at Russell Industries Corporation. Jeff Mitobe, from NorthBridge Consultants, will be providing general details about the SR&ED program as well as recent Canada Revenue Agency changes that have come into effect as of January […]
Government Grant Case Study: Ontario Manufacturer Qualifies for Expansion Grant
NorthBridge engaged an Ontario manufacturer that was looking to hire new employees and undertake a multi-million dollar expansion project. The company was expanding their facility and adding new equipment in order to increase capacity and better serve their customers. The company had applied for the SR&ED program but was unaware of government funds that were […]