In addition to the previously highlighted Buyer Financing Program by Export Development Canada, The Export Guarantee Program can help Canadian exporters by providing additional financial support for export-related activities and/or foreign investments. The available support can vary from: Up to 100% for loans where Canadian companies are making direct investments abroad Up to 90% for…
The Canadian Government has deemed the Economic Action Plan a successful initiative. After the first year, they have devoted $32 billion in stimulus spending and are now allocating an additional $28 billion towards stimulus spending. What does this mean for small businesses in Canada? It means you will have access to a considerable amount of…
The purpose of the NSERC’s Idea to Innovation Program is to encourage the pre-competitive development of promising technology from universities and colleges and advance it’s transfer to Canadian companies. This is a grant program involving different phases. Up to $125,000 of funding is provided for phase IIa and up to $350,000 for phase IIb. This…
The Buyer Financing program is organized by Export Development Canada. EDC provides financing directly to a foreign buyer of Canadian goods and services and in these situations takes the risk of non-payment and disburses the funds directly to the company. Generally, financing is provided for up to 85 per cent of the value of the…
The Canadian Innovation Commercialization Program was designed by the Government of Canada to help businesses get started and get their innovative products and services from the lab to the marketplace. This new program, a $40 million initiative, was launched as a part of the 2010 budget to promote economic growth. The maximum value of funding…
The Business Development Bank of Canada is a crown corporation created to help grow Canadian SMEs by providing financial and consulting services that complement the private sector financial institutions. The BDC’s Marketing Expansion Loan can provide extra money for specific repayment terms for maximum flexibility. This program was designed to aid Canadian entrepreneurs in growing…
The Health Technology Exchange is providing assistance to Ontario-based medical manufacturers looking to keep large-scale global R&D projects in Ontario. The Ontario Flagship Program aims to take advantage of Ontario’s high-skilled researchers and resources by providing financial aid to keep R&D activities from being outsourced internationally. Funding Amount & Eligibility The Ontario Flagship Program is…
The Ontario Emerging Technologies Fund co-invests, with qualified venture capital funds and other private investors, directly into companies working within the focus areas defined by Ontario’s Innovation Agenda including clean technologies, life sciences and advanced health technolgies, digital media and information and communications technologies. The OETF is a $250 million fund that will provide a…
Coordinated by Industry Canada’s Community Access Program and funded through the Youth Employment Strategy of Canada, the Community Access Program’s youth initiatives aims to employ and provide opportunities for young Canadians between the ages of 15 and 30, mostly students, recent graduates, or the under-employed or unemployed. The purpose of the program is to encourage…
Starting up a business is one of the largest financial investments a person can make. Entrepreneurs in Northern Ontario can receive help through the Northern Ontario Heritage Fund Corporation’s Northern Ontario Entrepreneur Fund. Through this fund, entrepreneurs can receive financial support to help with the large fiscal demands related to starting your own business. Funding…