Federal Government Highlights Continued Support for SMEs via AJCTC, HCSB, and SR&ED
The Honourable Kerry-Lynne D. Findlay, Minister of National Revenue, and Peter Braid, Member of Parliament for Kitchener, recently participated in a round-table discussion with high-tech business owners at the Communitech Hub to outline their continued support for SMEs. The Apprenticeship Job Creation Tax Credit (AJCTC) provides businesses with a maximum credit of $2,000 per year for the first […]
IRAP Assists Gener8 With Innovation
Gener8, a technology company based in Vancouver, British Columbia who provides solutions to the entertainment industry, recently received up to $400,000 in funding from the Industrial Research Assistance Program (IRAP). IRAP, administered by the National Research Council (NRC), assists SMEs with the development and commercialization of innovative, technology-driven, new and improved products. Gener8 specializes in […]
New Brunswick Launches Growing Forward 2 Agricultural Programs
MP Mike Allen, on behalf of federal Agriculture Minister Gerry Ritz, and New Brunswick Minister of Agriculture, Aquaculture and Fisheries Michael Olscamp, announced program details for Growing Forward 2 to the agricultural and agri-food sector in New Brunswick. New Brunswick producers will have access to new and innovative agricultural funding programs with the support of […]
Eastern Ontario Development Program (EODP) Funding Promotes Economic Development in Eastern Ontario
The Eastern Ontario Development Program (EODP) is designed to promote economic development for companies in eastern Ontario by funding key business development projects. Delivered through regional organizations, the funding of up to $100,000 per year or a maximum of 50% of eligible costs will fund activities such as: Creation of business development plans, expansion plans, […]
SemiosBIO Technologies Receives Funding From Investing in Business Innovation (IBI)
SemiosBIO Technologies Inc. a discoverer and developer of pheromone-based pest control solutions recently received up to $474,000 through the Investing in Business Innovation (IBI) fund. The IBI fund assists start-up businesses to accelerate the commercialization of new products, processes, and practices by increasing, stimulating, and leveraging private sector investment. According to a news release by […]
CICP Relaunched as Build in Canada Innovation Program (BCIP) to Bridge Technology Gap Through Government Acquisitions
The Honourable Rona Ambrose announced that the Canadian Innovation Commercialization Program (CICP) has received permanent commitment under the new name Build in Canada Innovation Program (BCIP), which aims to bridge the technology gap between the R&D stage of projects and the pre-commercialization phase through government acquisitions. The announcement was made at the WesDef, western Canada’s […]
ICTC Career Focus Hiring Grant
The Information and Communications Technology Council (ICTC) has launched a hiring program by the name of CareerConnect. This program assists businesses to obtain funding for hiring post-secondary graduates who are between the ages of 15-30. Eligible companies can receive 50% of the eligible participant’s salary up to $16,000. These graduates must currently be unemployed or underemployed […]
Cornwall Business Expands with Assistance From the Southern Ontario Fund for Investment in Innovation (SOFII)
Chalk up another victory for Canadian government funding as MPIQC expands its facilities with assistance from the Southern Ontario Fund for Investment in Innovation (SOFII) program. MPIQC is an electronics manufacturer that provides products and services for a vast assortment of clientele including space and satellite, military and defense contractors, communication firms, government, automotive speciality […]
Yves Landry Assists Swift Canoe with Skills Training
The Yves Landry Foundation, funded through the Government of Canada, was established to advance technological education and skills training. Manufacturers who have been continuously in business for at least three years in Northern Ontario may be eligible for Yves’ AIME North Initiative. The program was first released after a $2 million investment through FedNor in […]
Aerospace Technology Demonstration Program is Economic Action Plan’s Newest Funding Initiative
The Canadian aerospace industry is made up of over 700 companies and employs more than 170,000 Canadians according to the Aerospace Industries Association of Canada. In Canada, the aerospace industry generates over $42 billion in revenue and can be split into two major sectors which are manufacturing, and repair and maintenance. More than 20% of the […]