Three companies in the Greater Toronto Area have in total received $5.6M in research and development funding from the National Research Council’s Industrial Research Assistance Program (NRC IRAP). The research and development projects of the three firms are some of the first to benefit from the federal government’s Budget 2018
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Next Generation Manufacturing Canada (NGen) is an industry-led, non-profit organization dedicated to building next generation manufacturing capabilities. It is one of five “superclusters” created from Canada’s Innovation Superclusters Initiative and maintains a pool of funding to award to competitive member-based projects. This pool of funding created the NGen Manufacturing Program,
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Canada’s Social Sciences and Humanities Research Council (SSHRC) has granted $300K in funding to pioneering research projects, through the Council’s Impact Awards. The Awards are given out annually to recognize Canada’s outstanding scholars in the social sciences and humanities for work that impacts businesses, communities, and governments.
The Impact Awards—which include
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Toronto company Datametrex AI Ltd. has been awarded $945K from the federal government’s Department of National Defence (DND) to continue the company’s development of its social media discovery and monitoring platform.
Funding comes from the DND’s Innovation for Defence Excellence and Security (IDEaS), a federal procurement program that supports the development
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As of 2018, SCALE.AI has been one of five business-led superclusters as part of Canada’s Innovative Superclusters Initiative. SCALE.AI (Supply Chains and Logistics Excellence AI), based out of Quebec, specifically focuses on strengthening Canada’s leadership in artificial intelligence, and accelerating industry adoption of enabling technologies through collaborative and incremental projects.
In
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VoxNeuro has received financial support from the National Research Centre’s Industrial Research Assistance Program (NRC IRAP) to accelerate the company’s commercialization of the world’s first objective cognitive health assessments. The assessments use EEG-based neuroimaging to diagnose brain injuries in new ways.
VoxNeuro received nearly $250K in Canadian research grants for technology
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Government funding for research and development (R&D) activities is widely popular. There are many different funding programs and mechanisms available to help businesses offset the costs (and risks) of engaging in R&D. This helps Canadian businesses to reduce the time it takes to develop a new product or service.
Many businesses
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Many businesses that Mentor Works deals with have heard of the two most popular research and development (R&D) funding programs: NRC’s Industrial Research Assistance Program (NRC-IRAP) and the SR&ED tax credit program. Both are valuable programs that support innovation and commercialization efforts.
However, most of our clients are unaware of the
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Canadian companies are some of the most innovative in the world. But when it comes to developing and commercializing ideas into globally-competitive technologies, firms are struggling to keep up. It’s not the lack of viable ideas that holds us back, but the ability to advance these ideas into profitable, sustainable
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An Ontario-based technology company, Rockport Networks, has received funding from the federal government to develop Networking at the Edge (NATE). The $49.9M project will create software-enabled network systems for data storage, making these systems more energy efficient, as well as faster and more secure.
Rockport Networks, located in Ottawa and founded
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