NorthBridge Autumn 2012 Newsletter

In This Issue:
Editor's Welcome - Government Funding: Stay Ahead of the Curve
Government Funding Programs
Maximizing Government Funding For Growth
Bill C-45: What You Need to Know

Editor's Welcome
Government Funding: Stay Ahead of the Curve

Written by:
Ela Malkovsky, Technical Writer and Editor-in-Chief

In business, as in life, it often seems that everything that can go wrong will. Adaptability and flexibility are therefore crucial for the success of any business. Unburdened by the lengthy bureaucratic process of large corporate hierarchies, small businesses are perfectly positioned to quickly adapt and take advantage of emerging opportunities.

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Government Funding Programs

Written by:
Ela Malkovsky, Technical Writer and Editor-in-Chief

Business Expansion

Business expansion projects encompass export and commercialization activities that focus on competitive growth strategies. Business expansion projects also include capital investment to develop and improve equipment and infrastructure.

Eligible Projects:

  • New market development and market research.
  • Commercialization and marketing tools.
  • Expanding to global markets and developing direct contacts
    including participation in trade shows.
  • Investments in sustainable and green technology.
  • Purchases of new or upgraded equipment and technology.
  • Productivity improvement investments directly linked to export growth opportunities.

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Innovation

Innovation and R&D projects focus on the development of products and related processes that are new to the company or the industry.

Eligible Projects:

  • Development and implementation of new and innovative products, processes or technologies.
  • Improvement of existing products or processes.
  • Late stage commercialization.
  • New applications or markets.

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Workforce Development

Investments into workforce development involves hiring and training of staff in skilled trades including interns, summer workers, co-op students and recent graduates.

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Maximizing Government Funding For Growth

Written by:
James Ro, Vice President of NorthBridge Consultants

Financing for innovation, growth or expansion remains a large obstacle for many small and medium-sized enterprises (SMEs) in Canada. Federal and provincial funding programs amount to over $20 billion annually and demonstrate that the government recognizes that these initiatives encourage Canadian businesses to take on business risks and continually innovate, pursue new markets, grow the economy and create jobs.

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Bill C-45:
What You Need to Know

Written by:
Gerry Fung, Director of Business Development

Changes to the SR&ED program outlined in the March federal budget are forthcoming the federal government recently tabled a bill (Bill C-45) which addressed several corporate tax measures. Many of the SR&ED revisions will be in full effect by 2014, so companies conducting research and development may want to consider accelerating certain expenditures to ensure that they are incurred before 2014.

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NorthBridge Consultants

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