Tag : Business Expansion

Government Grants Ontario – Funding Technical Challenges

Accelerator Review Program, Small Projects with $50k Non-repayable Grant
A popular funding mechanism in Southern Ontario is The Accelerated Review Process by the Industrial Research Assistance Program provides $50k non-repayable grant by supporting 100% of direct labor and 75% sub-contractors fees.
How Funding Works
The projects eligible are those that present a strong business case

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Canadian Small Business Financing Act

The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. Under the program, a small business must apply for a loan at a financial institution (bank or credit union) of its choice. If the loan is granted by the

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Funding Mechanism from Government

There is a new contribution mechanism, for industrial businesses incorporated in Canada, with eligibility criteria on the ability of SME’s to grow and generate profits through the development and commercialization of innovative or technology-driven, new or improved products, services or processes.

Here is a small list of projects that are eligible

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More Federal Grant Money

IRAP and Youth Employment Program

Through Canada’s Economic Action Plan, the federal government is providing additional funding to the National Research Council’s Industrial Research Assistance Program (NRC-IRAP) to enable it to temporarily expand its initiatives for small and medium-sized enterprises. NRC-IRAP will receive total additional funding of $200 million over two

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