Posts Tagged ‘business expansion’

$1.26B Canada Strategic Innovation Fund Launched

Manufacturers and technology firms who invest in innovation can now apply for repayable and non-repayable funding of up to 50% of eligible project costs under the recently launched Strategic Innovation Fund (SIF). 

If your company is investing in R&D or expansion, the SIF can help support the costs of direct labour, subcontractors and consultants, as well as overhead, direct materials and equipment, land and building and other direct costs.

Launched on July 5th 2017 with the objective of spurring Canadian innovation, the SIF provides funding under four streams:

  • Stream 1 (R&D)- Encourage R&D that will accelerate technology transfer and commercialization
  • Stream 2 (Expansion)- Facilitate the growth and expansion of firms in Canada
  • Stream 3 (Global Investment)- Attract and retain large scale investments to Canada
  • Stream 4 (Collaboration)- Advance R&D through collaboration between universities, non-profit organizations and the private sector.

With a $1.26B budget allocated for five years, the SIF provides a good alternative to IRAP funding. It consolidates and simplifies the previous Strategic Aerospace and Defence Initiative, Technology Demonstration Program, Automotive Innovation Fund and Automotive Supplier Innovation Program.

Contact us to today for a free, no obligation consultation to find out how the SIF can help you maximize your R&D and business growth initiatives.

Funding Webinar- Optimizing Returns from Multiple Government Funding Sources

Domestic and international competition is forcing Canadian businesses to develop new or improved products, increase productivity and expand sales in global markets. Financing for innovation or growth has always been a challenge for many companies in Canada. Both the federal and provincial governments provide their financial support through over $20 billion in various funding programs each year. Sourcing funding from both SR&ED tax credits and other direct government incentive programs can give companies the edge they need to take their business to the next level.

WHEN: Thursday, February 11, 2016
WHERE: Online @ 11:00am EST

Learn About:

  • Types of government funding opportunities
  • Eligiblility for financing, funding, and tax credits
  • Optimizing your returns from multiple government funding programs
  • Compliance issues between SR&ED and other government funding sources

Speakers

Gerry_Small

Gerry Fung, CPA, CMA, P.Eng.
Vice President, Business Services

 

Nude Fine Art Work Shop with Steve Richard

Jen Mahon, M.A.Sc., B.Eng.Sc.
Vice President, Operations

Delta, BC Government Funding Seminar a Success

NorthBridge would like to thank the attendees, the Delta Chamber of Commerce and the National Research Council (NRC) Concierge Service for helping make yesterday’s breakfast seminar a success!

Jaap Siekman, our Regional Manager of Western Canada, together with Erik Kaas, Innovation Advisor for the NRC Concierge Service, delivered an informative presentation on the multitude of government funding opportunities available to support growth and innovation within companies. Company representatives from various industry sectors were able to learn about the recent advancements in government funding programs, as well as develop an understanding of the programs that best fit their corporate needs and goals.

If you would like more information about what was discussed in the seminar or to hear about upcoming events, please contact us.

Upcoming Seminar in Delta, BC – Innovation Funding Programs for Growth-Oriented Companies

Please join us on January 27, 2016 at the Delta Town & Country Inn for a breakfast seminar on Government Funding for innovation presented by Northbridge Consultants and NRC-IRAP. This seminar will provide a unique opportunity for growth-oriented companies to network and learn from the experts about various tax credits, grants and loans for research, innovation and experimentation .

Time: Wednesday, January 27th, 2016
7.30 am – Breakfast and networking
8.00 to 9:30 am – Presentation and Q&A

Location: Delta Town & Country Inn, 6005 Highway 17A (at Highway 99), Delta, BC (map)

Please register online by January 25th, 2016. (Registration is $15 and includes breakfast)

Synopsis: Each year the Canadian Government provides over $7 billion in innovation funding for small- and medium-sized businesses in various industries including but not limited to manufacturingdigital media, plastics and chemicalsfood processing, biotechnology, and aerospace.

Our Regional Manager for Western Canada, Jaap Siekman, will be hosting the seminar together with Erik Kaas, the Innovation Advisor for the National Research Council of Canada (NRC-IRAP) Concierge Service. Together, they will cover a range of government grants and funding programs including the National Research Council’s Industrial Research Assistance Program (NRC-IRAP), the Scientific Research and Experimental Development (SR&ED) Tax Credit Program and the Agri-Innovation Program among others.

Sourcing funding from multiple government programs to meet business goals and continually invest in innovation is essential to securing a competitive advantage and accelerating the growth of your business.

Funding Webinar: Optimizing Returns from Multiple Government Funding Sources

We invite you to join us for our upcoming information session!

Domestic and international competition is forcing Canadian businesses to develop new or improved products, increase productivity and expand sales in global markets. Financing for innovation or growth has always been a challenge for many companies in Canada. Both the federal and provincial governments provide their financial support through over $20 billion in various funding programs each year. Sourcing funding from both SR&ED tax credits and other direct government incentive programs can give companies the edge they need to take their business to the next level.

WHEN: Thursday, November 26, 2015
WHERE: Online @ 11:00am EST

Learn About:

  • Types of government funding opportunities
  • Eligibility for financing, funding, and tax credits
  • Optimizing your returns from multiple government funding programs
  • Compliance issues between SR&ED and other government funding sources

Click here to register for this informative webinar!

Speaker

Gerry Fung, CPA, CMA, P.Eng.
Group Manager, Business Services

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  • NorthBridge Consultants' Government Funding Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

    We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

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