The Waterloo Region is home of some of the most innovative companies, organizations, and institutions in the country. The key to the region’s success is their ability to invest in innovation and develop new products and services through scientific research and experimental development. The Canadian Government realizes the potential of the region and offers several funding incentives for Canadian organizations to undertake R&D activities in the area.
NSERC Engage provides up to $25k in non-repayable funding grants to support business and university collaborations for short-term research and development projects. Eligible projects have a 6-month timeline and should result in the development of innovative technological solution to a challenge experienced by the industry partner.
The Department of Foreign Affairs and International Trade Canada (DFAIT) provides up to $75k in non-refundable grants to support the establishment of international R&D partnerships in order to develop an innovative product or technology for the Canadian market. The program provides a project funding contribution of up to 75% for the eligible travel and meeting expenses.
Businesses can receive from $10k to $15k in wage subsidies for the hiring of a recent post-secondary graduate of a Science, Technology, Engineering, or Math (STEM) related program to assist with any R&D project. The program covers up to 50% of the salary and benefits for up to six months. Hiring graduates with a Bachelors degree allows for $10K maximum funding and Masters/Ph.D graduate create a maximum allocation of $15K grant funding per intern.
Application Support for Small Business Funding Grants & Loans
Mentor Works Ltd. provides expert advice and support for businesses looking to leverage their business growth with Canadian Government grants, loans, and tax credits. Our offices are located out of Cambridge, Ontario and we can be contacted through our website’s Mentor Works Contact Form for program and eligibility additional details. Businesses can also follow our posts and funding updates through our social media channels or by subscribing to our Weekly Canadian Government Funding E-Newsletter.