The Canadian Government has announced their plan to provide research and development funding to the Canadian Institute for Advanced Research (CIFAR). The investment is one of many Canadian Government Funding Initiatives that were announced as a part of the 2012 Federal budget. CIFAR will receive approximately $10 million dollars over the next two years through Canadian Government funding for research and development. The Canadian Institute for Advanced Research is one of many not-for-profit research organizations that are partaking in collaborative research and development to improve Canadian society.
Business Funding Grants for Advanced Research
CIFAR is a not-for-profit organization that conducts advanced research across all sectors through collaborative research with international and domestic partners. The organization was founded in 1982 with a multidisciplinary approach to researching and developing solutions that would benefit society and fuel innovation. Those who would like to donate or learn more about the research underway can do so by visiting the Canadian Institute for Advance Research Website.
Other Sources of Government Funding for Research and Development
Businesses that are interested in undertaking their own collaborative research and development projects can access one of the other government funding grants outlined in the federal budget. Grant funding for small business R&D is intended to promote prosperity within the Canadian economy by supporting the development of innovative solutions and industry productivity enhancements. Some of the still active programs include:
- Applied Research and Commercialization (ARC) : Up to $100K in non-repayable business funding grants or 50% of pre-commercialization expenditures. The program looks to accelerate the commercialization process by supporting collaboration between post-secondary institutions and Canadian SMEs.
- IRAP Accelerated Review Process (ARP) : Up to $50K of non-repayable government business grants for technical research and development. Eligible activities could include software implementation, marketing projects, productivity improvements etc. Funding is applicable to 100% of the direct labour and 75% of subcontractors; funding is not applicable to training.
- Ontario-China Research Innovation Fund : Up to $500K in non-repayable funding grants for small business. The program provides 50% of project expenditures to undertake a collaborative research project with a Chinese research partner to develop and commercialize a new technology or product.
Businesses interested in any of the Small Business Funding Grants mentioned todays article can receive additional information and advice by contacting one of our Canadian Government Funding Experts or attending one of our Free 60 Minute Canadian Government Funding Workshops. We also provide regular up-dates on the latest Ontario Business Grants through Twitter and LinkedIn.