Archive for the ‘General Business’ Category

National Defence launches IDEaS Program

Originally announced in June 2017 with the release of Canada’s defence policy Strong, Secure, Engaged, the new Innovation for Defence Excellence and Security (IDEaS) Program was launched on April 9, 2018 to provide a total of $1.6 billion for Canada’s defence and security innovation community over a 20 year period, including funding of $313 million over the first five years.

The IDEaS program aims to bring together networks of experts, provide support and opportunities to innovators, and  facilitate the integration and adoption of new capabilities for the Canadian Armed Forces and public safety and security communities.

IDEaS launched its inaugural public Call for Proposals (CFP) and the Competitive Projects (CFP) are now open with 16 various defence and security challengesAdditional opportunities will be announced regularly.

All innovators will have equal opportunity to present their solutions for solving defence and security challenges through the following:

  1. Ideation: brings together multi-disciplinary teams of innovators and operators to help refine various aspects of the defence and security challenges.
  2. Competitive Projects: innovators present their solutions toward defence and security challenges. IDEaS helps mature their solutions into prototypes and potential capabilities.
  3. Innovation Networks: connects innovators with better opportunities to support new and existing networks.
  4. Contests: provides grant prizes for the successful demonstration of promising solutions.
  5. Sandboxes: innovators demonstrate and test their prototypes with an opportunity to receive feedback on their applicability in a defence and security setting.
  6. Innovation Assessment and Implementation: procures limited numbers of prototypes for evaluation in a realistic operational environment with direct feedback provided to innovators.
  7. Mobility: allows for active exchange of personnel to share expertise build capability.
  8. Integrator: allows for DND experts to follow projects and seek where the innovations might best be directed towards solving defence and security challenges.

Are you an innovator looking to showcase your ideas? Contact us today to help you find the financing options to take your ideas to the next level!

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Vancouver Lunch & Learn at SFU Venture Labs- Government Funding for R&D, Innovation and Growth

When it comes to Government funding for start-ups, most entrepreneurs know about SR&ED and IRAP.

However, there are many other Government programs available to assist Canadian businesses with expenses related to R&D, new product development, manufacturing process improvements, tapping into international markets and workforce development.

Join this free info session to learn about some of these programs and how they fit into the difference phases of your corporate development.

Some of the funding programs covered include:

  • SIF (Strategic Innovation Fund)
  • SDTC (Sustainable Development Technology Canada)
  • ICE Fund
  • Growing Forward / Agri-Innovation
  • BCIP (Build in Canada Innovation Program)
  • Engage, CRD, Mitacs (grants for working with universities)
  • CanExport, Going Global Innovation, Soft Landing
  • Accelerated Growth Service (AGS)
  • Hiring & Training Grants

Date and Time:
Wed, 11 April 2018
12:00 PM – 1:00 PM PDT

Location:
SFU VentureLabs
#1200 – 555 West Hastings
Vancouver, BC V6B 4N6
(MAP)

 REGISTER TODAY 

About the presenter:
Jaap Siekman MSc, PEng, PMP 
Jaap is the Regional Manager for NorthBridge Consultants. He educates start-ups and growing companies on Government funding programs that support R&D and Innovation in Canada. Jaap has ~ 28 years’ experience in Engineering, Manufacturing, Product Development and Management in a variety of industries.

NorthBridge is a national consultancy firm, with offices in BC, ON and QC.

 

 

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Quebec Budget 2018 Highlights

The 2018 Quebec Budget, tabled on March 27, 2018, reports accelerated gross domestic product (GDP) growth from 1.4% in 2016 to 3% in 2017 and proposes several measures and investments that will impact businesses in Quebec including:

Innovation

  • Increasing the additional capital cost allowance rate from 35% to 60% for investments in computer equipment and manufacturing and processing equipment made after March 27, 2018.
  • Expanding tax holiday eligibility for large investment projects to include the development of digital platforms (“a computing environment that enables content management or use of a service that serves as an intermediary in accessing information, services, or property supplied or edited by the corporation or partnership, or by a third party, and which is not a tax-exempt platform”).
  • Broadening the tax credit for film and television production to include digital platforms.
  • Providing $348.7M for the implementation of a new biofood policy, including:
    • $180M to spur investment in biofood production and processing;
    • $62.8M to stimulate the development of the biofood industry; and
    • $29.7M to enhance efforts in innovation and training.
  • Committing $171.5M over 4 years to increase the appropriation and marketing of innovations including:
    • $120M to promote mobilizing projects in Québec;
    • $22.5M Support the restructuring the business model of the Centre de recherche industrielle du Québec (CRIQ);
    • $3.5M increase in financial support for niches of excellence in the regions;
    • $5M to support creation of the World Artificial Intelligence Organization in Montréal; and
    • $20.5M Support the Université de Sherbrooke’s project of an integrated innovation chain for digital prosperity.

Business Growth 

  • Reducing payroll taxes through:
    • A $1.2B reduction in the Health Services Fund (HSF) contribution for all small to medium-sized businesses (SMBs); and
    • A gradual reduction of the tax rate of SMBs in the service and construction sectors from 8% to 4%. The tax rate of SMBs in the manufacturing sector was reduced from 8% to 4% effective April 1, 2015, and was likewise reduced for SMBs in the primary sector effective January 1, 2017.
  • Stimulating growth of SMBs via:
    • $10M over 5 years for the creation of Réseau200, which will bring together entrepreneurs and their peers from the business world;
    • $35.4M for initiatives to support accelerators and incubators for Québec businesses;
    • An additional $2.4M over 3 years to support the creation of centres of excellence in the information and communication technologies (ICT) and digital technologies sectors; and
    • $3.4M to support SMBs in their growth projects.
  • Providing additional sums for specialized investment funds in collaboration with other investors, namely:
    • $61.5M for Teralys Capital, a private fund manager investing in innovative businesses;
    • $2M for the Accélérateur de création d’entreprises technologiques (ACET) Capital II fund to help technological entrepreneurs find adequate financing for starting their business; and
    • Support for development of social economy enterprises including continued support for the Chantier de l’économie sociale Trust and support for activities of tax-advantaged funds.
  • Enhancing electricity discounts for major projects, including:
    • An adjustment in the maximum duration of the discount for large projects, which is extended from four to six years; and
    • A 4 year deferral of the discount application period end date, which is moved back to December 31, 2028.

Workforce Development

  • Contributing $810M for a National Workforce Strategy to meet the challenges of the labour market, including:
    • Commitments to improve the flexibility of vocational and technical studies programs; and
    • Implementation of a new process for receiving and processing immigration applications under the Regular Skilled Worker Program which, once implemented, will also provide business and employment integration support (more details will be released in April 2018).
  • Creating a new refundable tax credit for training workers, via enrollment in a training program that leads to a diploma, employed in SMBs to support 30% of eligible training expenditures incurred between March 27, 2018 and January 1, 2023, with up to $5,460 provided per year for each eligible employee (30% rate is linearly reduced where total payroll exceeds $5M, reaching 0% at a total payroll of $7M).
  • Improving refundable tax credits for on-the-job training periods (internships) through:
    • Increasing maximum hourly rates and weekly caps;
    • Increasing base and increased tax credit rates for businesses that operate in remote resource regions, to encourage training young people; and
    • Increasing base and increased tax credit rates for Aboriginal people, to encourage Québec businesses to facilitate their employment integration.

Fraser Valley Conference Presentation on Government Funding

On April 5th, 2018, Jaap Siekman will be conducting a presentation entitled “Government Programs to Help Fund the Labour Costs of Your R&D and Innovation Projects”  as part of a break-out session at the Fraser Valley Career Connections and Conference, to be held at the Fraser Valley Trade and Exhibition Centre (Tradex).  A synopsis of the presentation will follow.

Synopsis of Presentation

There are many Government Funding programs available to assist Canadian manufacturers, food processors and other innovative Small & Medium Enterprises.  These programs can help to fund expenidtures related to R&D, new product development, manufacturing process improvements, and workforce development.

Some of the funding programs that will be covered by this presentation include:

  • SR&ED (Scientific Research & Experimental Development)
  • IRAP (Industrial Research Assistance Program)
  • BCIP (Build in Canada Innovation Program)
  • Innovative Solutions Canada
  • SDTC (Sustainable Development Technology Canada)
  • Innovative Clean Energy (ICE) Fund
  • Growing Forward
  • Engage, CRD, Mitacs (grants for working with universities)
  • Riipen Student Industry Projects
  • Hiring, Coop & Training Grants

Presenter: Jaap Siekman MSc, PEng, PMP

Jaap is the Regional Manager for NorthBridge Consultants, which is a national consultancy firm, with offices in BC, ON and QC.  Jaap educates start-ups and growing companies on Government Funding programs that support R&D and Innovation in Canada; he has over 25 years of experience in Engineering, Manufacturing, Product Development and Management in a wide variety of industries.

About the Fraser Valley Career Connections & Conference

As a partnership with communities from across the Fraser Valley and Abbotsford Works, the first ever Fraser Valley Career Connections and Conference (FVCCC) will be held on April 5, 2018 at the Fraser Valley Trade and Exhibition Centre (Tradex).

This event is targeted to employers from all sectors across the Fraser Valley and to job seekers from across Canada. As a growing number of local businesses have expressed the need for support in hiring, the event goal is to put the Fraser Valley on the map for job seekers, while facilitating an opportunity for businesses to gain exposure and participate in employer only sessions pertaining to funding, wage subsidies and human resource trends. Employers will also be able to take advantage of on-site interviews as well as pre-arranged virtual interviews to extend their reach to skilled workers from across the country.

Breakout sessions will include:

Register for the conference today

Ontario Budget 2018 Highlights

The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product (GDP) in 2017-18 to 22.1% by 2022.

The Ontario Budget proposes several measures and investments that impact businesses, including:

Innovation

  • An increase to the Ontario Research and Development Tax Credit (ORDTC) from 3.5% to 5.5% for eligible R&D expenditures over $1M (per taxation year) incurred on or after March 28, 2018.
  • Enhancements to the Ontario Innovation Tax Credit (OITC) for eligible R&D expenditures incurred on or after March 28, 2018 based on the ratio of R&D expenditures to gross revenues. Companies with a ratio of R&D expenditures to gross revenue of:
    • 10% or less will continue to claim the OITC at a rate of 8%;
    • 10-20% will be eligible for an enhanced OITC rate that will increase from 8% to 12% on a straight-line basis; and
    • 20% or more will be eligible to claim the OITC at a rate of 12%.
  • Expansions to the Ontario Interactive Digital Media Tax Credit (OIDMTC) eligibility criteria to include broadcaster purchased or licensed film/television websites that host film, television, or Internet production content not previously assessed (before Nov 1, 2017).
  • A review of various tax incentives implemented in other jurisdictions such as preferential corporate income tax rates (i.e., patent boxes), tax refunds, tax deductions, and exemptions with the intention of developing a provincial incentive to encourage Intellectual Property (IP).
  • An additional $50M over 10 years for the New Transformative Technology Partnerships Fund for businesses, SMEs, and scale‐ups as well as post-secondary and research institutions to collaborate on new dynamic products and services in artificial intelligence (AI), 5G wireless communications, autonomous vehicles, advanced computing, and quantum technologies.

Business Growth

  • In parallel with the 2018 Federal Budget proposal to phase-out or grind the $500,000 small-business limit, the Ontario Budget proposes to phase out the small-business limit on a straight-line basis for CCPCs (and associated corporations) earning between $50,000 and $150,000 of passive investment income in taxation years beginning after 2018.
  • Ending the electricity debt retirement charge (DRC) for mid-sized commercial and industrial non-ICI or non-RRP, Class B consumers as of April 1, 2018.
  • An additional $100M over 10 years for the Eastern Ontario Development Fund (EODF) and the Southwestern Ontario Development Fund (SWODF) to support regional economic development by creating jobs, attracting private sector investment and promoting innovation, and encouraging collaboration and cluster development.
  • An additional $500M over 10 years for the New Economy Fund for investing in priority sectors such as advanced manufacturing, information and communication technology (ICT), life sciences, and clean-tech.
  • An additional $85M over 3 years for the Northern Ontario Heritage Fund to stimulate economic development and diversification across the region.
  • An additional $100M over 10 years for a new Greater Toronto & Hamilton Area Fund to support SMEs in the GTA and Hamilton area.

Export Market

  • Work to implement a Global Trade Strategy to diversify and promote trade in Ontario. This will include the Accelerate to International Markets program, the Global Growth Fund, and the Magnet Export Business Portal.

Startup Support

  • An additional $85M over 10 years for a new Venture Technology Fund to support a select number of very high‐potential, fast‐growing firms in expanding to become globally competitive.
  • An additional $15M over the next 3 years to NextAI, a Toronto based accelerator for early stage startups that leverage AI technologies.

Workforce Development

  • An additional $170M over 3 years for the new Ontario Apprenticeship Strategy to support transition into apprenticeship from high school, make the system easier to navigate, and to improve access for apprentices to high‐quality jobs upon completion.
  • Transforming the Apprenticeship Training Tax Credit (ATTC) into the new Graduated Apprenticeship Grant for Employers (GAGE) to encourage employers to ensure that apprentices complete their training.
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