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Explore Canadian Government Grants for Your Business

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A Comprehensive Look at What Types of Government Grants are Available for Your Business. Find Out About Your Eligibility.

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Explore Canadian Government Grants for Your Business

  1. 1. What Types of Government Funding Are Available for Your Innovation and R&D Projects? GOVERNMENT GRANTS in CANADA--2018 & BEYOND
  2. 2. FUNDING TYPES TAX CREDITS Entitlement Reduces tax liability AFTER the fact Meet the requirements, get the money! GRANTS Competitive Receive funds AS YOU GO Meet the requirements, get the money? Grants involve a competitive process in which the government “picks winners”. In some cases they can be stackable to a maximum coverage of 75%. However, R&D Tax Credits are entitlements that amount to a rebate on eligible expenses incurred.
  3. 3. 2 0 1 7 : T H E I N N O VAT I O N A N D S K I L L S P L A N “making Canada a WORLD-LEADING INNOVATION HUB to help create more good, well-paying jobs, and help strengthen and grow the middle class.” Introduced in the 2017 federal budget, a key objective of this plan is to ensure Canada remains competitive in the global innovation economy.
  4. 4. I N N O VAT I O N A N D S K I L L S P L A N F U N D I N G : 3 K E Y A R E A S INNOVATION AND R&D MARKET ACCESSTALENT
  5. 5. I N N O VAT I O N A N D R & D I N T H E B U D G E T INNOVATION CANADA PLATFORM The mandate is to review, consolidate and simplify dozens of innovation programs, focusing on achieving growth in Advanced Manufacturing, Agri-Food, Clean Tech & Resources, Digital, Health & Bio
  6. 6. R & D F U N D I N G C O M M I T M E N T S I N 2 0 1 7 F E D E R A L B U D G E T SIF $1.26B SUPER- CLUSTERS $950M NRC (IRAP) $59.6M SDTC $400M IMPACT CANADA FUND $375M CGP $400M GCWood $39.8M SR&ED (2018) $2.9B With an allocated budget of $2.8B for 2017 and $2.9B for 2018, SR&ED remains the single largest innovation funding program.
  7. 7. S T R AT E G I C I N N O VAT I O N F U N D FUNDING FOR:  R&D / Commercialization  Firm Expansion  Collaborative Tech Dev & Demo NO LIMIT o n t h e f u n d i n g a m o u n t p e r c o m p a n y $1.26B i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e “ t o spur innovat ion f or a bet t er C anada” P r o g r a m O b j e c t i v e : OPEN TO PR OJEC TS IN A LL SEC TOR S & IN D U STR IES
  8. 8. S I F : S H O U L D Y O U A P P LY F O R I T ? Innovative Project Priority Sectors
  9. 9. I N N O VAT I O N S U P E R C L U S T E R S FUNDING FOR:  Day-to-day Super- cluster ops & services  Project costs for collaborative R&D technology development NO LIMIT o n t h e f u n d i n g a m o u n t p e r i n d u s t r y - l e d c o n s o r t i u m $950M i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e “ To t ranslat e t he st rengt hs of our innovat ion ecosyst ems int o new commercial and global opport unit ies…” P r o g r a m O b j e c t i v e : OPEN TO INDUSTRY-LED CONSORTIA
  10. 10. S U P E R C L U S T E R S H O RT L I S T 6 7 0 “ i n n o v a t i o n p a r t n e r s ” 9 c a n d i d a t e s s h o r t l i s t e d s o f a r 7 i n c l u d e d i g i t a l t e c h n o l o g y a s a k e y c o m p o n e n t 2 f o c u s o n A g r i - f o o d 3 e m p h a s i z e S u s t a i n a b i l i t y a n d / o r C l e a n Te c h n o l o g y 4 a i m t o o f f e r s o l u t i o n s f o r t h e A d v a n c e d M a n u f a c t u r i n g s e c t o r
  11. 11. I N D U S T R I A L R E S E A R C H A S S I S TA N C E P R O G R A M ( I R A P ) FUNDING FOR:  Project costs for development and commercialization of innovative, tech-driven products, services or processes $1M l i m i t o n t h e f u n d i n g a m o u n t p e r c o m p a n y $220M i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e a n n u a l l y “ p r o vi d e f i n a n c i a l s u p p o r t t o q u a l i f i e d s m a l l a n d m e d i u m - s i z e d e n t e r p r i s e s i n C a n a d a t o h e l p t h e m u n d e r t a k e t e c h n o l o g y i n n o va t i o n . … ” P r o g r a m O b j e c t i v e : OPEN TO INCORPORATED SMEs WITH <500 EMPLOYEES
  12. 12. G R A N T S F O R R & D I N C L E A N T E C H A N D S U S TA I N A B I L I T Y $840M a l l o c a t e d t o wa r d C l e a n t e c h a n d S u s t a i n a b i l i t y i n t h e 2 0 1 7 b u d g e t S D Te c h F u n d G C Wo o d C l e a n G r o wt h ( C G P ) S m a r t C i t i e s C h a l l e n g e I m p a c t C a n a d a C l e a n t e c h I n n o v a t i o n a n d C l e a n G r o wt h L o w- C a r b o n E c o n o m y C h a l l e n g e C M E S m a r t G r e e n Though not a primary goal, 76% of programs for 2016/2017 provide some support to clean technology innovation
  13. 13. S R & E D TA X C R E D I T S FU N D IN G FOR :  Pr ojec ts under tak en to ac hieve s c ientific and tec hnologic al advanc ement in or der to develop new or imp r o ve d p r o d u c ts , pr oc es ses or s ervic es NO LIMITo n t h e f u n d i n g a m o u n t p e r c o m p a n y $2.9B b u d g e t e d a n n u a l p r o g r a m f u n d i n g f o r 2 0 1 8 “ a f e d e r a l t a x i n c e n t i ve p r o g r a m t h a t e n c o u r a g e s C a n a d i a n b u s i n e s s e s o f a l l s i z e s , i n a l l s e c t o r s , t o d o R & D i n C a n a d a ” P r o g r a m O b j e c t i v e : OPEN TO ALL CANADIAN FOR-PROFIT ENTERPRISES, IN ALL SECTORS
  14. 14. B U D G E T 2 0 1 7 : R E V I E W O F S R & E D 4000 4000 3300 3144 3304 3273 2636 2626 2691 2796 2906 2008 2009 2010 2011 2012 2013 2014 2015 (P) 2016 (P) 2017 (P) 2018 (P) S R & E D P R O G R A M C O S T S ( $ M ) S R & E D TO B E R E V I E W E D F O R I T S E F F E C T I V E N E S S & E F F I C I E N C Y Individuals Non-Refundable Refundable Total
  15. 15. C Y B E R S E C U R I T Y F I N T E C H I N N O V A T I O N P I L O T P R O G R A M ( C F I P P ) FUNDING FOR:  Tech dev and demo projects for innovative cybersecurity products/services $100K l i m i t o n t h e f u n d i n g a m o u n t p e r c o m p a n y $7.8M i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e “ t o accelerat e t he grow th of cybersecurit y st art - up and scale - up companies in Ont ario” P r o g r a m O b j e c t i v e : OPEN TO ONTARIO- BASED START- UP/SCALE-UP + FI PARTNER
  16. 16. TALENT I N THE BUDGET YOUTH EMPLOYMENT WORK- INTEGRATED LEARNING SKILLS DEVELOPMENT Three main prongs to the government’s funding strategy aimed at increasing Canada’s skilled workforce
  17. 17. 2 0 1 7 B U D G E T: TA L E N T F U N D I N G C O M M I T M E N T S MITACS WORK- INTEGRATED LEARNING PLACEMENTS $221M YOUTH EMPLOYMENT STRATEGY $395.5M A goal of the program is to nearly triple the annual number of work-integrated learning placements each year to 10,000
  18. 18. Y O U T H E M P L O Y M E N T P R O G R A M S • OCE TALENTEDGE FELLOWSHIP • IRAP YOUTH EMPLOYMENT PROGRAM (IRAP YEP) • ICTC CAREER CONNECT $12,000 - $35,000 f u n d i n g a va i l a b l e p e r h i r e
  19. 19. W O R K - I N T E G R AT E D L E A R N I N G P R O G R A M S • OCE TALENTEDGE INTERNSHIP • MITACS ACCELERATE • NSERC EXPERIENCE AWARD • ONTARIO CO-OP TAX CREDIT • APPRENTICESHIP TAX CREDIT $3,000 - $10,000 f u n d i n g a va i l a b l e p e r p l a c e m e n t
  20. 20. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e I R A P Y O U T H E M P L O Y M E N T P R O G R A M ( Y E P ) FUNDING FOR:  Hiring new grads in tech- related role at tech-oriented company $15K l i m i t o n t h e f u n d i n g a m o u n t p e r n e w h i r e “ I n a d d i t i o n t o m e e t i n g t h e n e e d s o f i n n o v a t i v e S M E s , t h i s P r o g r a m f a c i l i t a t e s t h e t r a n s i t i o n o f h i g h l y s k i l l e d y o u n g p e o p l e t o a r a p i d l y c h a n g i n g l a b o u r m a r k e t . ” P r o g r a m O b j e c t i v e : OPEN TO INNOVATIVE SMEs IN ALL SECTORS $81M a n n u a l p r o g r a m f u n d i n g
  21. 21. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e N S E R C E x p e r i e n c e A w a r d FUNDING FOR:  Hiring new grads in tech- related role at tech-oriented company $15K l i m i t o n t h e f u n d i n g a m o u n t p e r n e w h i r e “ I n a d d i t i o n t o m e e t i n g t h e n e e d s o f i n n o v a t i v e S M E s , t h i s P r o g r a m f a c i l i t a t e s t h e t r a n s i t i o n o f h i g h l y s k i l l e d y o u n g p e o p l e t o a r a p i d l y c h a n g i n g l a b o u r m a r k e t . ” P r o g r a m O b j e c t i v e : OPEN TO INNOVATIVE SMEs IN ALL SECTORS $81M a n n u a l p r o g r a m f u n d i n g
  22. 22. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e Ta l e n t E d g e : F e l l o w s h i p & I n t e r n s h i p P r o g r a m FUNDING FOR:  Hiring new grads in tech- related role at tech-oriented company $15K l i m i t o n t h e f u n d i n g a m o u n t p e r n e w h i r e “ I n a d d i t i o n t o m e e t i n g t h e n e e d s o f i n n o v a t i v e S M E s , t h i s P r o g r a m f a c i l i t a t e s t h e t r a n s i t i o n o f h i g h l y s k i l l e d y o u n g p e o p l e t o a r a p i d l y c h a n g i n g l a b o u r m a r k e t . ” P r o g r a m O b j e c t i v e : OPEN TO INNOVATIVE SMEs IN ALL SECTORS $81M a n n u a l p r o g r a m f u n d i n g
  23. 23. Apprentice Tax Credit  Qualified co-op program o E.g. Work placement with a student in the Software Engineering program at the University of Waterloo, or a Medical & Health Physics Student at McMaster University  25-45% of salary max $3,000 per placement  10 weeks up to 4 months  Qualified apprenticeship program o E.g. Cook, Powerline Technician, Machinist, Painter and Decorator  25-45% of salary  Max $10,000 per year, $40,000 over first 48 months Co-op Tax Credit
  24. 24. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e C A N A D A - O N TA R I O J O B G R A N T FUNDING FOR:  Non-Regulatory 3rd Party Employee Training Courses for Skills Upgrade $300K l i m i t o n t h e f u n d i n g a m o u n t p e r c o m p a n y “ t o h e l p O n t a r i o ' s e m p l o y e r s d e ve l o p t h e i r w o r k f o r c e t h r o u g h e m p l o y e r - l e d t r a i n i n g . ” P r o g r a m O b j e c t i v e : OPEN TO ALL ONTARIO EMPLOYERS $40M a n n u a l p r o g r a m f u n d i n g
  25. 25. M A R K E T A C C E S S I N T H E B U D G E T INNOVATIVE SOLUTIONS CANADA $50M COMING IN 2018? Innovative Solutions Canada, is modelled after the very successful U.S. Small Business Innovation Research (SBIR) program. The details of how this will be implemented have yet to be released.
  26. 26. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e G O I N G G L O B A L I N N O VAT I O N FUNDING FOR:  Commercialization  Export assistance  Networking  International travel  Non R&D product, process dev $75K l i m i t o n t h e f u n d i n g a m o u n t p e r c o m p a n y “ t o promot e and enhance C anada's int ernat ional innovation ef f ort s” P r o g r a m O b j e c t i v e : O P E N TO C AN A D I A N R E S E AR C H E R S F R O M P R I VAT E C O M PAN I E S , U N I V E R S I T I E S AN D N O N - G O V E R N M E N T R E S E AR C H C E N T R E S $4M a n n u a l p r o g r a m f u n d i n g
  27. 27. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e CANEXPORT FUNDING FOR:  International travel  Trade shows  Marketing material  Document translation  Market research $100K l i m i t o n t h e f u n d i n g a m o u n t p e r c o m p a n y “ F i n a n c i a l s u p p o r t f o r y o u r s m a l l o r m e d i u m - s i z e d f i r m ’s d e ve l o p m e n t o f n e w e x p o r t o p p o r t u n i t i e s . ” P r o g r a m O b j e c t i v e : O P E N TO S M E s R E G I S T E R E D I N C AN A D A T H AT AR E S E E K I N G TO D E V E L O P N E W E X P O R T O P P O R T U N I T I E S AN D M AR K E T S $10M a n n u a l p r o g r a m f u n d i n g
  28. 28. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e EXPORT MARKET ACCESS FUNDING FOR:  International trade shows  Promotional materials  Market research $30K l i m i t o n t h e f u n d i n g a m o u n t p e r t r a d e s h o w “ F i n a n c i a l s u p p o r t f o r y o u r s m a l l o r m e d i u m - s i z e d f i r m ’s d e ve l o p m e n t o f n e w e x p o r t o p p o r t u n i t i e s . ” P r o g r a m O b j e c t i v e : OPEN TO “ EMER GIN G EXPOR TER ” SMEs B A SED IN ON TA R IO W ITH ANNUAL SALES > $500K $2M a n n u a l p r o g r a m f u n d i n g
  29. 29. i n t o t a l p r o g r a m f u n d i n g a v a i l a b l e O N TA R I O E X P O RT E R S F U N D FUNDING FOR:  Hiring an Export Manager $80K l i m i t o n t h e f u n d i n g a m o u n t p e r c o m p a n y “ t o a s s i s t S M E s t o b e c o m e e x p o r t r e a d y a n d h e l p t h e m g a i n / i n c r e a s e a c c e s s t o i n t e r n a t i o n a l e x p o r t m a r k e t s ” P r o g r a m O b j e c t i v e : $2M a n n u a l p r o g r a m f u n d i n g OPEN TO “ EMER GIN G EXPORTER” SMEs B A SED IN ON TA R IO W ITH A N N U A L SA LES $ 1 - 2 0 M
  30. 30. Do you want to assess your eligibility for any of these government funds? Contact Us For a complimentary, no-obligation consultation: 416-368-9341 RDPGrantsTeam@rdpassociates.com

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