The Southwestern Ontario Angel Group (SWOAG) will receive funds through the non-profit stream of FedDev Ontario’s funding program, Investing in Business Innovation (IBI). The investment of $500,000 will help the organization to increase its membership as well as its pool of investment funds to enhance its support of earl-stage, high-growth companies. FedDev Ontario Mandate to…
The Ontario Centre of Excellence (OCE) is looking to connect Ontario’s next generation of entrepreneurs with much needed start-up funding in order to help take their companies to the next level. The program is open to young entrepreneurs from the ages of 18 to 29, and provides seed financing and entrepreneurship skills training in order…
A wide range of government funding programs are periodically available to support businesses’ various strategic initiatives. However, applicants should be aware of the turnaround time on submitted applications before committing to a specific Canadian government funding program. Unlike tax credits, which focus on retroactive reimbursement, small business funding grants and loans require applicants to pre-plan…
Agriculture and Agri-Food Canada (AAFC) offers the Career Focus program for recent graduates from an industry applicable college or university program. As we indicated previously, the deadline for this program is quickly approaching. Those interested in taking advantage of this program and receive up to $20,000 in funding support to hire a recent graduate are…
Recently, the Canadian Government announced a plan to update the Agreement on Internal Trade. The Agreement came into force in 1995 with the goal of reducing “…barriers to the free movement of persons, goods, services, and investment within Canada and to establish an open, efficient, and stable domestic market.” Since coming into effect, Industry Canada…
The Western Economic Diversification Canada (WD) is supporting SMEs looking to move their innovative technologies through the later stages of R&D and into the marketplace. The program will succeed in this objective by providing repayable contributions to SMEs through the Western Innovation Initiative (WINN) small business loans program. Of the funding provided through WINN, 20 percent…
Well known for supporting manufacturers and exporters across Canada through various events and resources, including the popular capital equipment funding program, “CME SMART Prosperity Now,” Canadian Manufacturers & Exporters (CME) is Canada’s largest trade and industry association. In addition to sponsoring generous funding programs for manufacturers, CME has provided a voice for manufacturing and global…
May 2016 Program Update: Businesses seeking wage subsidies for new graduate hires should access Mentor Works’ free Wage Subsidy Identifier tool to be provided with the most accurate funding information. New programs are available to hire recent graduates; ensure that your business is capitalizing on these funds effectively by providing information on your business and job…
The Canada-Ontario Job Grant (COJG) is a small business grant that provides businesses with funding for training their employees. Businesses can obtain up to $10,000 per employee to cover 66.67% of training costs. Businesses can apply for funding for existing employees as well as new hires. The Canada-Ontario Job Grant is a training grant program,…
Mentor Works is proud to continue its support of Communitech, Waterloo Region’s industry-led innovation center. Founded in 1997, Communitech supports a tech cluster of nearly 1,000 companies employing 30,000 people. Communitech supports technology-based companies at all stages of their growth and development with the goal of creating globally successful businesses. Mentor Works continues to partner…