Canada Emergency Rent Subsidy (CERS)
The Canada Emergency Rent Subsidy (CERS) was recently announced to replace the Canada Emergency Commercial Rent Assistance (CECRA) program in providing direct financial assistance for eligible fixed property expenses to businesses that are economically impacted by the COVID-19 pandemic. Available retroactive to September 27, 2020, until June 2021, the new rent subsidy will provide benefits […]
$55K Awarded to Three Canadian Startups at the Momentum Technology Pitch Competition
Capping off an exciting small business week in Canada, the Momentum pitch competition saw ten innovative Canadian technology startups in the advanced manufacturing, energy, and mining sectors pitch virtually to a panel of expert judges for a chance to take home one of three prizes totaling a combined $55,000 in cash and in-kind services. Launched […]
Potential extension of IRAP IAP as concerns grow over lull in private financing for start-ups
Government investment in early-stage companies is of particular importance at a time when there is a growing concern that many Canadian startups that rely on angel investors may be losing access to funding due to global uncertainty and border restrictions. In a recent article by The Record, reporter James Jackson noted that “Angel groups across […]
CEWS Program Extended
As a result of COVID-19, many Canadian employers have seen significant drops in revenue in recent months. Following the initial fallout of the global pandemic, the federal government responded by establishing Canada’s COVID-19 Economic Response Plan to insulate Canadian citizens from the negative economic effects plaguing many industries and sectors. Part of that plan entails […]
New Intellectual Property Action Plan Aimed at Promoting Canadian Growth
In turbulent times like these, funding is more important than ever to ensure that your business has the means to continue innovating while maintaining its order of operations. Intellectual property (IP) is a valuable intangible asset that can be leveraged to reduce the risk of investment and extend a company’s runway. In recognition of this, […]
NorthSpring Capital Portfolio Company Announces IPO
We would like to extend a warm congratulations to our affiliate company, NorthSpring Capital Partners, on their first portfolio company, Perimeter Medical Imaging, going public. Perimeter Medical Imaging AI (PMI), a Toronto-based Medical Imaging and AI company with operation in the U.S., announced its stock exchange listing on June 29th, 2020, after closing of oversubscribed […]
SWODF New Application Intake Dates Announced
The Southwestern Ontario Development Fund (SWODF) provides support for business growth projects and funding to cover up to 15% of project costs. SWODF is maintained by The Regional Development Fund which supports eligible small- and medium-sized businesses investing in new equipment and training to expand operations in these regions, and also supports municipalities and not-for-profit […]
Made in Canada: Sustaining a Global Competitive Advantage in Cannabis Technology
Last month marked the one year anniversary since Canada became the first G7 country to legalize cannabis. On October 17, 2019, the Canadian Cannabis Regulations were updated to establish rules for the legal production and sale of three new classes of cannabis including edibles, extracts, and topicals, which are expected to become available for purchase in physical […]
Workforce Development Funding for Biotech Companies
As issues with climate change and rapidly depleting resources are becoming more urgent, there is a pressing need to form strategies to achieve sustainable development goals (SDGs). In Canada, a bio-economy is being adapted as a key strategy to support SDGs. Bio-economy is defined as economic activities associated with the invention, development, production and use […]
SR&ED for Physicians and Medical Professional Corporations
Canada is recognized as a world leader in healthcare and medicine with many ground-breaking discoveries under its belt. Formidable efforts by various parties in the medical sector including physicians, medical professional corporations (MPCs) and health care entities (HCEs) to perform intensive research in a wide range of critical fields—from cancer research to population health—have led […]