The Ontario Ministry of Science and Technology (MOST) have signed a very intriguing Memorandum of Understanding on Research and Innovation Cooperation (MOU) with the People’s Republic China. This Memorandum has many implications, one of them being very interesting to Ontario businesses looking to carry out business partnerships in China. The partnership program allows both countries…
Ontario Centres of Excellence has designed a program called Market Readiness to support the development of commercial applications for technology manufactured within Ontario’s universities, colleges and research hospitals. The primary objects is to advance technology for the next stage of commercialization – the transfer to an existing company, or the creation of a new enterprise….
In an ongoing effort to assist SME’s in Southern Ontario, Mentor Works has opened an office in downtown Hamilton, Ontario to better connect with the local community and foster growth and innovation. Mentor Works offers helpful business consulting and government funding resources and support to small businesses across Southern Ontario. We conduct research on the…
The Ontario Innovation Tax Credit program is a program for corporations that make payments on scientific research and experimental development in Ontario. This program is a 10% refundable tax credit and is available to public and private corporations. The maximum funding for this credit is $300,000 annually. Businesses Eligible for this Tax Incentive Your corporation…
The Ontario Tax Exemption for Commercialization program supports innovation in Ontario’s economoy by promoting intellectual property developed by eligible Canadian universities and colleges. The OTEC program applies to new corporations and offers an exemption from Ontario’s corporate income tax and corporate minimum tax for the first ten taxation years of the corporation applicant. Therefore, this…
Tomorrow holds a great opportunity for Canadian transportation infrastructure industry members. The Ontario Ministry of Economic Development and Trade (MEDT) have collaborated with top representatives from the Mexican sector of this industry to allow networking with prospective Canadian partners. This is an opportunity for Ontario companies to learn of specific requirements, to meet privately with…
Update: View the latest Canadian Government Funding for Agribusiness blog The agricultural industry has been an increasing focus of the Canadian Government’s business support efforts. The Government is helping Canadian agriculture companies with R&D initiatives to combat environmental challenges, export expansion initiatives, and general operational improvements. Below are some of the top agricultural funding program…
This program is a branch off the main fund that was launched by the Ontario government called the Next Generation of Jobs Fund (NGOJF) which is a five-year program aimed at developing new technologies and services for international markets. This specific stream, Jobs and Investment Program, focuses on supporting business expansion or retention and attracting…
Small businesses in Canada searching for a new channel of loan funding should consider Industry Canada’s Small Business Financing Program. This program helps companies finance improvements and expansion efforts by increasing loan availability across Canada. Is Your Company Eligible for this Government Funding? All Canadian for-profit small businesses with revenue up to $5 million may…
Any company would agree that their employees are the key to business success. A great workforce can save a struggling company and carry it to the forefront of the industry. However, human resource activities aren’t cheap. Large corporations can afford to allocate significant budgets to the hiring process, however most Canadian businesses struggle to budget…