In March, the 2012 Canadian Federal budget was released, which included various changes to its Scientific Research and Experimental Development (SR&ED) tax incentive program. The SR&ED Canadian government funding program helps compensate corporate tax paying companies of any size for conducting research and development activities in Canada. The new SR&ED policies and documents will be…
The Industrial Research Assistance Program’s (IRAP) Youth Employment Program (YEP) is designed to provide financial assistance to innovative small and medium-sized enterprises in Canada that are interested in hiring a post-secondary science, engineering, technology and trade, business and liberal arts graduate. Graduates work on innovative projects within the enterprise and may participate in research, development and commercialization…
The MaRS organization is one Ontarios largest and most well established not-for-profit groups to provide government funding for research and development. The organizations goal is to support innovation by fostering collaboration between the worlds of science, business, and government. MaRS also provides useful advice and support to small businesses looking to adopt the industries best…
Until recently, Federal agricultural funding for small business has been distributed through several regional councils located across Canada. These councils have had the responsibility for assessing projects and allocating funding for local agricultural improvement programs for over 16 years. The Canadian Government has recently decided to delegate these responsibilities to a centralized distribution system for…
One of the popular topics of discussion revolving around the 2012 Federal Budget has been the revisions to the Allocation of Canadian Government Funding for Research and Development. The Department of Foreign Affairs and International Trade (DFAIT) is one of agencies that was subject to budget reductions. In turn, these cuts have reduced the amount…
The Canadian Government provides funding support for Canadian SMEs to develop and commercialize their innovative products and technologies. The ARP program supports technical problem solving by providing grant funding for business research and development. The program has undergone some minor adjustments as a result of increases to the 2012 Federal Budget Funding Support for the…
In its most recent Federal budget, the Canadian Government has allocated $500M to the Canada Foundation for Innovation (CFI). The investment is one of many Federal Support Initiatives for Research and Development that were announced earlier this month in the 2012 Federal Budget. CFI provides business funding grants to support the purchasing of cutting-edge research…
The Canadian Government has announced their plan to provide research and development funding to the Canadian Institute for Advanced Research (CIFAR). The investment is one of many Canadian Government Funding Initiatives that were announced as a part of the 2012 Federal budget. CIFAR will receive approximately $10 million dollars over the next two years through…
The new Federal Government budget has incorporated a number of shifts in funding for small business, with a particular focus on research and development, industry-academic collaboration, and hiring incentives. These hiring incentives include small business tax incentives for Canadian SMEs to hire new employees without experiencing an increase to their EI costs. The program is…
As of late, there has been a lot of discussion regarding the changes to the Ontarios budget for research and development funding. The Honourable Gary Goodyear announced an increase to National Research Council Canada’s Industrial Research Assistance Program (NRC-IRAP) in his 2012 budget hearing last Friday. The new budget allocates approximately $110M for 2012/2013 of…