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, […]
Waterloo Region Scale-ups receive nearly $30M in Federal Investment
On July 29, 2020, Minister Mélanie Joly announced an investment of nearly $30M by FedDev Ontario for Waterloo Region based scale-ups in the fields of advanced manufacturing, medical technology, information and communications technology and video communications. The announcement was made as part of Minister Joly’s visit with Waterloo Region’s tech community to discuss current challenges […]
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 […]
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 […]
Funding Opportunity for Ontario Companies Supporting Local Grain Farmers
Innovation in Canada is constantly being encouraged across all sectors of business as new technologies and processes can significantly improve production, jobs and profits. The farming sector in Ontario is no exception. With Ontario’s grain farmers responsible for growing 6 million acres of crops across the province, employing more than 40,000 workers and generating more […]
Capitalizing on the Growing Demand for Alternative Proteins
Alternative proteins are proving evermore propitious in the AgriTech and FoodTech sectors of Canadian industry as traditional meats lose favorability under the rising tensions brought on by climate change, population increase, and greater demand for healthy and sustainable living. Meat poses a unique challenge to the future given the environmental limitations of land and water […]
Non-dilutive Financing Strategies for AgriTech Projects
It is envisioned that by 2025, Canada will be a leader in Agricultural technology, recognized globally as a reliable and competitive supplier of safe, sustainable, high-quality agri-food products. In order to successfully realize this vision, significant obstacles must be overcome in relation to increasing demand for clean and sustainable farming practices as well as increasing […]
CanExport Funding Increased and Expanded
CanExport is a government funding program that provides funding to Canadian small and medium-sized enterprises (SMEs) to support new export market development. As of August 22, 2019, the CanExport project funding limit for SMEs will be increased up to $75,000 to cover up to 75% of eligible expenses. Previously, the CanExport program excluded the agriculture […]
Federal SR&ED Legislative Proposal Status Update
on June 21, 2019, Bill C-97, an Act to implement certain provisions of the 2019 federal budget received royal assent and became law. The Scientific Research and Experimental Development (SR&ED) Tax Incentive Program provides a basic 15%, non-refundable credit to all businesses performing SR&ED in Canada. Eligible small and medium-sized enterprises (SMEs) can qualify for […]