The financial technology (fintech) sector is a growing component within Canada’s knowledge-based industries and focuses on the development of innovations and technologies for the financial services industry. By 2018, it is expected financial institutions will spend over $14 billion annually on fintech to solve internal technical challenges. Businesses like Secure Key, Phoenix, and eSentire are…
Zenyatta Ventures Inc. has been awarded up to $100,000 in research and development funding to collaborate with Lakehead University. Ontario small business funding will support the enhancement of environmental and energy applications using the company’s advanced nano-material technologies. The investment will be provided through Ontario Centre of Excellence’s OCE Voucher for Innovation and Productivity II…
The Government of Ontario has a vested interest in the development and commercialization of innovative disruptive technologies. We see this through a number of available government funding programs. Rapid advances in technology, such as 3D printing and artificial intelligence, are transforming many of Ontario’s key industries and the government wants to help. To support this…
In Ontario, businesses are crafting new innovative technical solutions every day. However, it can often be challenging for these companies to effectively commercialize their market-ready products with internal resources alone. To overcome these barriers, businesses can access assistance by partnering with post-secondary institutions that offer high-skilled researchers. In fact, the most recent statistics indicated that…
BacTech Environmental Corporation has been awarded $75,000 in Ontario research grants to collaborate with Laurentian University. Ontario government funding will help BacTech and Laurentian University test and refine bioleaching technologies that extract metals and stabilize arsenic found in mine tailings. The partners hope to develop a sustainable solution for reducing the volume of arsenic and…
Colleges and universities play a key role in driving innovation and entrepreneurship across Ontario. As a launchpad for tomorrow’s business leaders, these institutions promote leading-edge research and supporting young entrepreneurs who wish to transform new ideas into a sustainable business. However, young entrepreneurs often struggle to scale-up these post-secondary businesses post-graduation and much of their…
The Health Technologies Fund (HTF) is a government grant designed to support the development of made-in-Ontario health technologies. By accelerating evaluation, procurement, adoption, and diffusion in Ontario’s healthcare sector, HTF ensures that technology developers have a more direct pathway towards commercializing innovative healthcare solutions. To participate in the program, Ontario tech developers need to form…
In Canada, automotive suppliers represent a sophisticated value chain that includes hundreds (or even thousands) of manufacturers. Each auto part manufacturer must maintain high productivity to fulfill customer demand, however this can be challenging without innovative equipment, strong internal processes, and skilled employees. Thankfully, the Automotive Parts Manufacturers Association (APMA) and Ontario Centres of Excellence…
The Colleges Applied Research and Development Fund (CARDF) is a $20-million Ontario government funding program designed to support the collaboration of college researchers with industry partners. Through the program, Ontario-based businesses will be able to submit their innovation challenges and work with college researchers and faculty to develop a market-ready solution. There are three streams…
Although public healthcare is one of Ontario’s most technology-driven sectors, the process of procuring advanced technologies can seem exceedingly difficult. As a member of the broader public service (BPS), public healthcare organizations care often required to issue public tenders that detail product specifications and financial terms. While this procurement process works for some BPS organizations, it…