Strategic Innovation Fund (SIF): $20M for Woodbridge Foam Corporation

Strategic Innovation Fund (SIF): $20M for Woodbridge Foam Corporation

Woodbridge Foam Corporation, based out of Mississauga, Ontario, is a global systems solution provider specializing in fully-integrated foam solutions. These solutions – including polyurethane, polypropylene, polystyrene, and polyethylene – are destined for both automotive and non-automotive markets. The company has recently received Canadian government funding to support facility upgrades and a new research and development…

Strategic Innovation Fund: National Ecosystems (Stream 5) Now Open

Strategic Innovation Fund: National Ecosystems (Stream 5) Now Open

Since its launch in 2017, Canada’s Strategic Innovation Fund (SIF) has undergone several enhancements to support investments in advanced technology. This includes the launch of a fourth funding stream, Research Consortiums and Networks and more recently, the launch of a fifth stream called “National Ecosystems.” Unlike SIF’s fourth stream, which typically supports targeted calls for…

Strategic Innovation Fund: $7.3M for Smart Home Security Technology

Strategic Innovation Fund: $7.3M for Smart Home Security Technology

Based in Waterloo, Ontario, Cognitive Systems is contributing to the continuous development of motion technology to advance the smart home ecosystem. Their primary technology, WiFi Motion™, uses wireless signals to sense motion in homes and is intended for the security, smart home, and wellness monitoring markets. This disruptive technology uses predictive analytics and artificial intelligence…

Strategic Innovation Fund Invests $37.5M into BioVectra Inc.

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 projects that include creating and…

Budget 2019: Impacts on the Canadian Government Funding Landscape

Budget 2019: Impacts on the Canadian Government Funding Landscape

When Canada’s federal budget was released on March 19, it gave Canadians another look at the Liberal party’s spending strategies. Like previous years, the federal government is staying committed to investment aimed at boosting the economy, especially as it relates to middle-class families. However, Budget 2019 also provided many great insights into the support businesses…

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

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 expansions in Western Canada. EVRAZ…

Strategic Innovation Fund: $40M for BlackBerry QNX Technology Development

Strategic Innovation Fund: $40M for BlackBerry QNX Technology Development

The Canadian automotive sector is one of the country’s largest export industries and continues to invest in new technologies to make vehicles safer. BlackBerry QNX, a business unit of BlackBerry Limited, has been trusted by automakers around the world to protect software, applications, and hardware systems from cyberattacks. QNX technology is embedded in more than…

$13M in Innovation Funding for the Canadian Aerospace Industry

$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 Earth information and intelligence. NorthStar…

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

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 for energy-saving technology through…

Canadian Fall Economic Update: Impact on Business Incentives

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 similar incentive that supports writing…