The Southern Ontario Fund for Investment in Innovation (SOFII) is a new Canadian government funding program that was released yesterday. FedDev Ontario announced that this $20M investment funded by their Prosperity Initiative would support SME’s across Southern Ontario. There was a strong realization that innovation is critical to creating high-value job opportunities and creating a…
Several Canadian Government funding organizations exist to help various business sectors, such as the previously mentioned FedDev Ontario, that supports Southern Ontarios economy. Another organization available to help small businesses is FedNor, which provides Canadian funding for business sectors in Northern Ontario. The Northern Ontario Development Program provides small business funding grants for the adoption…
Over the past decade, a large number of successful software development and technology firms have originated in the Southwestern Ontario Region. These success stories have sparked the imaginations and interests of hundreds of young and talented entrepreneurs within the region. These individuals have identified a problem along with an innovative solution; they now require the…
FedDev Ontario has acquired new funding for its thriving Applied Research and Commercialization Initiative (ARC). The Applied Research and Commercialization program are currently accepting applications from any campus faculty partnered with any Southern Ontario small- or medium-sized enterprises interested in gaining Canadian government funding to provide innovative products and processes to the market, or improve…
FedDev is currently promoting their business funding grants for hiring new Science, Technology, Engineering, or Math (STEM) graduates. The program is called Graduate Enterprise Internship (GEI); however, some organizations more commonly refer to it as the iSTEM Program. The program provides funding for small business to provide wages and mentorship opportunities for young graduates in…
The Canadian Government sector, FedDev Ontario, has announced a top-up of funding to a pre-existing Ontario business grant called the Applied Research and Commercialization Initiative (ARC). The initiative is a Small Business Funding Program for Research and Development projects involving post-secondary collaboration. The program provides funding to accelerate research and development and enhance innovation and…
April appears to be a busy month for those who are looking to receive one of the soon to be released Canadian business funding grants. The federal and provincial governments begin their release of several Government Funding Grants for Small Business in April of every year. The end of the month can already seem quite…
Last November, the McGuinty Government proposed the introduction of several new grants for small business in Ontario to promote job creation and economic prosperity. So far, they have released several small business funding grants including the Eastern Ontario Development Fund (EODF) and Ontario-China Research Innovation Fund (OCRIF). With the relative success of these programs, the…
Those of you familiar with the CME Smart grant for capital expenditures have probably noticed a note on their online application login page. This note refers to the impending change to CME Smart, which will now be called CME SMART Prosperity Now. The Canadian Manufacturers and Exporters (CME) have recently received a new round of…
The Natural Science and Engineering Research Council of Canada (NSERC) has paired up with the Ontario Centres of Excellence (OCE) to provide government funding for businesses who are interested in a research internship program involving hiring a PhD graduate. The Industrial Research and Development Fellowship (IRDF) program requires a two year internship program for a…