The Canadian government has announced the breakdown of its renewed commitment of $750 million to global innovation clusters over the next five years through to 2028.
In the Federal Budget 2022, Ottawa announced its plans to review its Scientific Research and Experimental Development (SR&ED) program, with a primary goal of improving Canada’s ranking on research and development.
FedDev Ontario is investing $12.7 million to five agri-food businesses that will create new opportunities for growth and over 180 jobs.
With up to $180 million, the B.C. Manufacturing Jobs Fund (MJF) program is open for intake for approximately two years.
Government funding programs can support Canadian businesses with their innovation goals through grants, loans, and tax credits to offset research and development activities.
Canadian government funding can offset strategic projects costs anywhere from 15-100% depending on the unique grant or loan program, helping eligible businesses to meet and exceed their objectives and targets.
Discover government funding programs available in Canada to help your business with business expansion projects.
Of a total $33.4 million, Ontario has invested $5 million to a Mississauga manufacturer to help boost Ontario’s manufacturing sector and create new, good-paying jobs in the local community.
According to the Top Technology Trends 2022 report by Capterra, fifty-six percent of Canadian businesses plan to increase their budget for software and technology in 2023 by 10 to 20 percent.
FedDev Ontario is investing $4.4 million to support two technology companies, BluWave-ai and Tehama, in cleantech projects.