Canadian Manufacturers & Exporters (CME) and the Ontario Government launched a $25 million SMART Green program in 2016 to assist Small and Mid-sized Enterprises (SME) reduce greenhouse gases and improve energy efficiency. The SMART Green Program offers non-repayable grants up to $200,000 for 50% of eligible costs. The objective of this program is to encourage technology and process innovations … [Read more...] about Grants to Reduce Green House Gases in Ontario
SME
Up to $40k Non-repayable Fund for Hiring Youths
Youth Hiring Grants and Funds Youth Employment Program or YEP is an initiative by National Research Council - Industrial Research Assistance Program (IRAP), a body of the Government of Canada to provide financial assistance to small and mid-sized enterprises (SME). The primary goal of the program is to match prospective employers with skilled graduates between the age of 18 and 30 years. … [Read more...] about Up to $40k Non-repayable Fund for Hiring Youths
Ontario SR&ED Budget Update
The recently released Ontario 2016 Budget made some modifications to the SR&ED program which could impact CCPC (Canadian Controlled Private Corporation) and non-CCPC significantly. Two Ontario SR&ED tax credits, namely - The Ontario Innovation Tax Credit (OITC) and Ontario Research and Development Tax Credit (ORDTC) have undergone reductions. OITC decreased from 10% to 8% and ORDTC from … [Read more...] about Ontario SR&ED Budget Update
Grant for Capital Investment in Green Technologies
Ontario has always been at the forefront of green innovation. Over the past few years, it has offered various grants to businesses dedicated to reducing their greenhouse gas (GHG) emissions and become more energy efficient enterprises. Kathleen Wynne, Premier of Ontario, quotes that these initiatives will reduce GHG emission “….while promoting the innovative and disruptive technologies that will … [Read more...] about Grant for Capital Investment in Green Technologies
IRAP Business Funding Program
What is IRAP? IRAP stands for Industrial Research Assistance Program, which is one of the vital components of the Canada's innovation systems. This program is part of the 2013 Federal Budget for National Research Council (NRC). The IRAP is regarded as one of the best business funding programs in Canada because the funding is non-repayable. Therefore you do not need to pay them back as long as you … [Read more...] about IRAP Business Funding Program
IRAP: $20M Funds for Investment in Businesses Innovation(BIAP)
The Business Innovation Access Program (or BIAP) has a whopping $20 million government funds up for grabs to help smaller businesses to realize their potential. The program is administered by IRAP. If you own a small to mid-sized enterprises (SMEs) with big aspirations, then you might be eligible to access the funds. The BIAP, a Government of Canada pilot program, was announced in the 2013 Budget … [Read more...] about IRAP: $20M Funds for Investment in Businesses Innovation(BIAP)