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… Read more »
NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help companies identify and access the most appropriate government funding programs.
We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.
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… Read more »
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… Read more »
Hacking Health could lead to health-care IT innovations
The Globe and Mail recently profiled a somewhat unorthodox approach, the “hacker way,” to jumpstarting the dinosaur system of Canadian healthcare IT. The “Hacker Way” is a loose model for rapidly solving problems through intense “jam sessions” wherein programmers and developers… Read more »
A Major Player: Canada’s Video Game Sector
We’ve got our own tech hubs in Canada. Last year, Canada’s video game industry employed almost 16,000 people contributing $1.7 billion to economic activity, with an expected growth of 17% over the next two years according to the Entertainment Software… Read more »
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.… Read more »
Venture Capital Fundraising Concerns in Canada
According to 2011 year-end figures from the Canadian Venture Capital and Private Equity Association, a four-year high of $1.5 billion from VC was disbursed to Canadian startups last year. Although this was the highest level since 2008, this was far… Read more »
Taxpayer’s Ombudsman: Issues of service and fairness within the SR&ED program
The Office of the Taxpayer’s Ombudsman released word on their investigation into the Canadian SR&ED program this week. The OTO committed to looking into the program’s service and administrative fairness after hearing of “dissatisfaction” with the SR&ED program from claimants… Read more »
2012 Alberta Budget- SR&ED Tax Credit Enhanced
The Alberta Scientific Research and Experimental Development (SR&ED) program provides a tax credit to Alberta corporations for eligible expenditures incurred after December 31, 2008. The credit is worth 10% of a company’s eligible SR&ED expenditures in Alberta up to a… Read more »