Tag : Strategic Innovation Fund (SIF)

Strategic Innovation Fund Invests $37.5M into BioVectra Inc.

BioVectra Inc., based in Charlottetown, Prince Edward Island, serves the medical and biotech sectors and manufactures pharmaceutical products. These products have been used in the treatment of illnesses such as kidney disease, cancer, multiple sclerosis, and cardiovascular disease. The firm has recently received Canadian government funding to support strategic growth

Read More

Strategic Innovation Fund (SIF): $40M for Steel Producer

EVRAZ North America is a leading producer of engineered steel products for the energy, industrial, and rail industries. Throughout their multiple locations in the United States and Canada, the company employs more than 3,000 people. EVRAZ North America has recently received government funding which will support the costs of facility

Read More

$13M in Innovation Funding for the Canadian Aerospace Industry

NorthStar Earth & Space Inc., based out of Montreal, Quebec, is a software analytics company serving the forestry, agriculture, urban planning, energy and natural resources, environment and water, and space object tracking sectors. The company has developed NorthStar, which is a global environment information platform transforming traditional Earth observation into

Read More

Strategic Innovation Fund: $20M for Ranovus’ New Advanced Technology Facility

Ranovus, headquarted in Ottawa with operations in the United States and Germany, develops and manufactures advanced connectivity solutions for the telecommunications and information technology industries. The company has recently received Canadian government funding to support the construction of a new advanced manufacturing facility in Ottawa.
Ranovus has received $20,000,000 in funding

Read More

Canadian Fall Economic Update: Impact on Business Incentives

Canada’s recently-released Fall Economic Update offers many provisions that directly support business competitiveness and make it easier to invest. Most beneficial to manufacturers is the announcement that the full cost of machinery and equipment can be written off immediately. Businesses outside of the manufacturing industry will also benefit from a

Read More

Strategic Innovation Fund: $7.2 Million for exactEarth

exactEarth is a Satellite Automatic Identification Systems (S-AIS) technology developer that collects and transmits global maritime vessel data. Since 2009, the Cambridge, Ontario-based company has been a top innovator of AIS vessel tracking systems and now captures significantly more data than any other space-based AIS system. With global customers ranging

Read More

Strategic Innovation Fund: $50M for Steel and Aluminium Industry

The government of Canada has recently awarded Hamilton steel and aluminum producer ArcelorMittal Dofasco with Canadian government funding. Financial support from the government will help the company retain over 6,000 jobs, modernize its facilities to enhance productivity and reduce environmental impact, and sustain its competitiveness and long-term prosperity with global

Read More