The government of Canada is seeking to partner with eligible Canadian small businesses and innovators, to facilitate the early development, testing and validation of prototypes to solve major challenges through funding from Innovation Solutions Canada. Two new challenges were recently… Read more »
NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help companies 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.
New Intellectual Property Action Plan Aimed at Promoting Canadian Growth
In turbulent times like these, funding is more important than ever to ensure that your business has the means to continue innovating while maintaining its order of operations. Intellectual property (IP) is a valuable intangible asset that can be leveraged… Read more »
Waterloo Region Scale-ups receive nearly $30M in Federal Investment
On July 29, 2020, Minister Mélanie Joly announced an investment of nearly $30M by FedDev Ontario for Waterloo Region based scale-ups in the fields of advanced manufacturing, medical technology, information and communications technology and video communications. The announcement was made… Read more »
NorthSpring Capital Portfolio Company Announces IPO
We would like to extend a warm congratulations to our affiliate company, NorthSpring Capital Partners, on their first portfolio company, Perimeter Medical Imaging, going public. Perimeter Medical Imaging AI (PMI), a Toronto-based Medical Imaging and AI company with operation in… Read more »
Canada Emergency Wage Subsidy and Its Impact on SR&ED Claims
The Canada Revenue Agency (CRA) has officially announced that the Canada Emergency Wage Subsidy (CEWS) and the 10% Temporary Wage Subsidy for Employers will be considered government assistance. Thus, assistance received under either wage subsidy will reduce the amount of… Read more »
Mitacs: COVID-19 Resources for Research
Mitacs has boosted support for Canadian innovations in the fight against COVID-19 including expanded and fast-tracked funding as well as added flexibility and support. Mitacs is a federally and provincially supported not-for-profit organization that fosters Canadian innovation through industry-academic collaborations… Read more »
Funding for Canadian Tech Companies Impacted by COVID-19
Under the current global and economic conditions, leveraging multiple government funding sources is critical for business survival. Various federal and provincial programs can be combined or “stacked” to maximize funding, as long as costs are separated and the criteria for… Read more »
New COVID-19 Funding to Mobilize Canadian Businesses
On April 17, 2020, Prime Minister Justin Trudeau had announced an additional $250M in funding support through the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP) to assist innovative, early-stage companies that are unable to access existing COVID-19… Read more »
Changes to the Canada Emergency Wage Subsidy
Canadian Prime Minister Justin Trudeau announced changes to the Canada Emergency Wage Subsidy (CEWS) yesterday. Trudeau said firms will now have to show their year-on-year revenues had dropped by 15% in March, half the previous level of 30%, to claim… Read more »