Incentives & Programs |
Research & Development and Innovation Programs |
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Below is a comprehensive list of R&D and Innovation programs offered by various levels of government, not-for-profits, and other delivery agencies. Tax credits, grants, and cost sharing are available may be available for your companies research and development, innovation, and export needs. Advanced Manufacturing Investment Strategy Advanced Manufacturing Investment StrategyThe Advanced Manufacturing Investment Strategy (AMIS) is a $500 million repayable loan program to encourage companies to invest in leading edge technologies and processes. The AMIS program is intended to provide targeted financial support to eligible manufacturing firms in Ontario to undertake product and process innovation that directly leads to advanced manufacturing investment and job creation. Projects that are approved under AMIS will be eligible for loans up to 30% of total eligible project costs to a maximum of $10 million per project. Loans are interest free for five years provided the company meets agreed-upon job and investment targets. AMIS is open to all sectors. Projects must, over 5 years, create/retain 50 or more high value jobs or have a minimum total project investment of $10 million. For more information including eligibility and how to apply go to: http://www.ontariocanada.com/ontcan/en/progserv_amis_en.jsp Export Market Access ProgramThe Export Market Access (EMA): A Global Expansion Program is specifically intended to:
The Export Market Access Program is a 50/50 cost-sharing grant program. For more information go to: Industrial Research Assistance ProgramThe Industrial Research Assistance Program (IRAP) helps Canadian small and medium-sized enterprises (SMEs) meet technological challenges and builds innovation capacity. The IRAP portfolio of services has four main components:
NRC-IRAP funds portions of project costs and reimburses salaries and labour fees through its Youth Employment Strategy program and a Research and Development Activity program. Contributions are targeted towards clients who can present a strong business case for a technology, demonstrate the technical, financial and managerial capacity to take an idea from concept to commercialization; and demonstrate a clear need for financial support. For more information please visit: http://irap-pari.nrc-cnrc.gc.ca/ New Exporters to Border States (NEBS)The New Exporters to Border States program is a practical, hands-on introduction to the basics of exporting to the United States. The two-day NEBS will provide firms with a solid understanding of the fundamentals of exporting to the United States. The wide-ranging program covers many export-related topics including identifying market opportunities, pricing, selecting agents and distributors, banking and legal considerations, immigration issues, export financing and insurance, customs procedures, warehousing and distribution and government support. For more information go to: http://www.ontarioexports.com/preparingexport/new_exporters.asp OCE Commercialization ProgramThe OCE Commercialization Program addresses the "innovation gap" between valuable research results and the new, marketable products and services that drive economic growth. It consists of three initiatives:
Researchers at Ontario colleges, universities and research hospitals and previously OCE-funded programs are eligible for funding between $25,000 - $250,000. For more information, please visit: Ontario Innovation Demonstration FundThe Innovation Demonstration Fund (IDF) is a discretionary, non-entitlement funding program administered by the Ministry of Research and Innovation that focuses on the commercialization and initial demonstration of globally competitive, innovative technologies, processes and/or products. The objective of the IDF is to help companies in their efforts to commercialize innovative technologies in Ontario. For more information go to: http://www.mri.gov.on.ca/english/programs/idf/guidelines.asp Ontario Innovation Tax Credit (OITC)A 10% refundable tax credit for corporations that make expenditures on scientific research and experimental development (SR&ED) carried on in Ontario. The Maximum claim is $200,000 per taxation year. For more information go to: http://www.rev.gov.on.ca/english/credit/oitc/index.html Ontario Next Generation of Jobs FundThe Next Generation of Jobs Fund is a five-year, $1.15 billion strategy to help innovative companies grow and create well-paying sustainable jobs for today's workforce and for the next generation of Ontario's highly skilled workers. The world needs green products, efficient technologies, health cures and treatments. Ontario has strengths in these areas. We can create these jobs here and the Next Generation of Jobs Fund will help to do this. Ontario's Next Generation of Jobs Fund will fund companies that make everything from car parts to advanced health products to Academy Award-winning special effects technologies. For more information please visit: http://www.ontariocanada.com/ontcan/en/nextgen_main_en.jsp Scientific Research and Experimental Development (SR&ED) Tax Incentive ProgramA federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development that will lead to new, improved, or technologically advanced products or processes. Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead and SR&ED contracts. For more information go to: http://www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html SD Tech Fund - Sustainable Development Technology CanadaThe SD Tech Fund is a $550 million fund from the federal government in support of the late-stage development and pre-commercial demonstration of clean technology solutions: products and processes that contribute to clean air, clean water and clean land, that address climate change and improve the productivity and the global competitiveness of the Canadian industry. For more information go to: http://www.sdtc.ca/en/SOIinfo.htm CME's SMART ProgramThe SMART Program will provide financial support directly to hundreds of companies embarking on productivity improvement initiatives, ranging from implementations of lean manufacturing and design, to process and quality improvement initiatives. Projects that increase energy efficiency and/or reduce environmental impacts are also eligible, as well as projects implementing best practices in information technology and automation. SMART Program funding will focus on projects that can be completed within 4-6 months of notification. Funding per project is limited to $50,000, and a maximum of 50% of eligible project costs, which can include capital costs For more information, please visit: |

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