This month marks the beginning of a new venture for several Kitchener-Waterloo entities and Canada’s committed to big data analytics. FedDev Ontario has announced up to $3 million for Communitech Corporation to establish the Open Data Exchange (ODX) in Waterloo, Ontario. ODX is a partnership between Communitech, the University of Waterloo, D2L (Desire2Learn), CDMN (Canadian…
The automotive sector is made up of several industries: automobile assembly, automotive parts manufacturing, and the relatively small auto body and trailer manufacturing sector. Although all industries are experiencing increased competition, the automotive parts manufacturing sector in particular are pressured to adopt advanced technologies and streamline processes in order to stay competitive in the face…
April 1st marked the first day of the Canadian government’s 2015 fiscal year and with it, came an update to the Economic Action Plan (EAP), an initiative to benefit Canadian businesses, families, and seniors. This article will focus on the business elements of EAP. The Canadian federal government created the Economic Action Plan in response…
On April 28th, FedDev Ontario Minister Gary Goodyear announced that the Southern Ontario Smart Computing Innovation Platform (SOSCIP) Consortium would receive $20 million in Ontario government funding. On behalf of this consortium which is comprised of seven leading Ontario universities, the University of Toronto will receive funds which increases their access to advanced computing and…
Scale Up Ventures is a new type of Ontario government funding which aims to provide high potential startup companies with funding and mentorship opportunities to expand their business. A total of $50 million will be awarded to Ontario businesses through a venture capital collaboration between the Government of Ontario and private investors. Successful applicants are…
London, ON business Starlim North America was recently awarded $4M as part of the Investing in Business Growth and Productivity program (IBGP). Under this FedDev Ontario program, businesses can receive up to 25% of eligible project costs in a 0% interest government loan. This Canadian government funding program is ideal for large business expansion projects…
Research and development is a critical aspect of many businesses’ ongoing growth. To stay competitive in international markets, companies need to invest in new product development, product iterations, and process improvements. The National Research Council of Canada (NRC) has recognized this need, and in an effort to encourage Canadian businesses to invest in research they…
The Globe and Mail recently reported on a shifting trend in Canadian government funding: changing rules to the popular Scientific Research and Experimental Development (SR&ED) tax incentive program have resulted in declining claims. According to the Globe and Mail, SR&ED payouts have reduced by over $1 billion since 2008. At the same time we’re seeing…
Young entrepreneurs in Ontario can receive funding and business support services to help start a summer company. The Government of Ontario has recognized the need to support young entrepreneurs gain first hand business experience while they are still completing their education. This has led to the development of the highly successful Summer Company Program. Young…
The Government of Canada offers a range of export-focused funding programs to support small businesses who are poised for international growth. Recently, the federal government announced more support for export market development activities, including renewed support for the trade commissioner services. Trade Commissioner Service – Export Market Development Services Prime Minister Harper recently announced expansion…