Improving Canada’s Fuel Economy Standards with the Automotive Innovation Fund
Environmentally-friendly vehicles have come a long way in terms of technological advancement and efficiency, but as with anything, there’s always room for improvement. The Automotive Innovation Fund (AIF) is a new program that aims to do just that by providing funding for vehicle and powertrain assembly operations associated with significant automotive innovation to support large-scale […]
Exporting to New Emerging Markets
The current emerging economies that businesses are aspiring to export to are Brazil, Russia, India and China or more commonly known as BRIC. However a recent article in the Toronto Star indicates that Mexico and other Latin American countries are the new hot markets businesses should be pursuing. Cited from research done by Canadian Manufacturers […]
Lambton Conveyor Receives $1.5 Million Grant in Chantham-Kent County
On October 19th, the provincial government announced the opening of the Southwestern Ontario Development Fund (“SWODF”), which is designed to provide financial assistance and incentives to innovate and grow Ontario’s economy and create local jobs. The fund is region specific, as only companies within the 17 geographic areas of Southwestern Ontario are eligible for funding. […]
SMART Prosperity Now Initiative Assists Canadian Manufacturers
FedDev Ontario and the Canadian Manufacturers and Exporters’ (CME) SMART Prosperity Now initiative provides a crucial source of funding for small and medium-sized enterprises (SMEs) to improve the productivity of their manufacturing facility and expand their reach into global markets. With $40 million dollars in funding, SMART Prosperity Now strives to help Southern Ontario manufacturers […]
Bank of Canada Expected to Announce No Change to Interest Rates
The Bank of Canada (BoC) is expected to announce no change to the current ultra-low interest rates. The BoC may be under pressure to increase interest rates due the the sky-rocketing Canadian housing market, and the increasing debt load of Canadian families. However, the GDP report released on Friday showed that the Canadian economy has […]
Digital Media Funding – A Case Study
Kibooco is a Vancouver digital media start-up developing an interactive platform for children to design and create their own books. As a start-up, the team behind the Kibooco vision had to develop a strategy to finance their project, and looked to a number of government incentive programs. After being rejected for the BC Film and […]
CME Smart Prosperity Now Still Accepting Applications for Equipment Purchases and the Attendance of Trade Shows
If your manufacturing company is situated in Southern Ontario and is planning on purchasing or upgrading equipment, or planning on attending an upcoming trade show, then you could be receiving a grant for 1/3 of your costs (up to $75,000) from Canadian Manufacturers and Exporters (CME). CME is Canada’s largest trade and industry association for […]
Canada Media Fund initiates automated reporting with comScore
The Canada Media Fund (CMF) has announced the development of an automated digital media measurement tool to measure performance and efficacy of CMF-funded digital media projects, collaborating with digital analytics company comScore. The CMF first announced plans to establish a Digital Media Performance Measurement Framework in May. The solution will deploy comScore’s Digital Analytix, a […]
SR&ED versus IRAP
Scientific Research and Experimental Development (SR&ED) and the Industrial Research Assistance Program (IRAP) are two of the largest government incentive programs in Canada. The chart below details some of the major differences between the 2 programs. Criteria Scientific Research and Experimental Development (SR&ED) Industrial Research Assistance Program (IRAP) Administration SR&ED is administered by the Canada […]
Ample Government Funding Opportunities for Companies in Life Sciences Sector
According to the Financial Post, the life science sector attracts millions of dollars of funding each year from the federal and provincial governments: – The Scientific Research and Experimental Development (SR&ED) program provides a tax rebate on eligible R&D expenses. – The Industrial Research Assistance Program (IRAP) provides research and innovation assistance program for SMEs. – […]