INNOVATION PROGRAMS

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 may be available for your company’s research and development, innovation, and export needs.

Business Scale-up and Productivity
Canadian Manufacturers & Exporters’ SMART Program
Community Economic Development and Diversification
Export Market Access Program
Industrial Research Assistance Program
New Exporters to Border States (NEBS)
OCE Commercialization Program
Ontario Innovation Tax Credit (OITC)
Regional Innovation Ecosystem
Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
Southern Ontario Fund for Investment in Innovation

Business Scale-up and Productivity

If you are an ambitious company in need of growth funding, FedDev Ontario is accepting applications for funding to help accelerate the growth of firms and assist with the adoption of new, innovative technologies that support scale-up, productivity and the development of and entry into new markets to help companies become globally competitive.

Funding is available to:

  • Assist high-growth firms to scale-up and expand.
  • Support technology demonstration and the commercialization of new technologies.
  • Encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity.
  • Increase businesses’ capacity to grow through market diversification and entry into global markets.

For more information go to:
www.feddevontario.gc.ca/eic/site/723.nsf/eng/02466.html

Canadian Manufacturers & Exporters’ SMART Program

The 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:
www.cme-smart.ca/single-post/2018/04/12/Update-on-the-SMART-Green-Program

Community Economic Development and Diversification

If you are a business or a not-for-profit organization focused on economic transformation in your community, FedDev Ontario is accepting applications for funding which aims to generate sustainable, inclusive growth and help small and rural communities in southern Ontario to fully participate in, and benefit from economic opportunities.

Funding is available to:

  • Enhance business attraction, investment, retention and employment opportunities in southern Ontario communities.
  • Develop and expand collaborative efforts that strengthen regional competitiveness.
  • Support regional businesses, hubs and communities with the goal of economic diversification, integration and transformation.

For more information go to:
www.feddevontario.gc.ca/eic/site/723.nsf/eng/02475.html

Export Market Access Program

The Export Market Access (EMA): A Global Expansion Program is specifically intended to:

  • Assist SME’s access and expand their growth in new international markets that are beyond the US;
  • Encourage SME exporters to the US to seek other global markets (based on the application, there may be circumstances for those who are currently exporting to the US to develop another US market); and
  • Increase export sales of Ontario goods and services by sharing the cost of initiatives that companies normally could not or would not undertake alone, thereby reducing risks involved in entering a foreign market.

The Export Market Access Program is a 50/50 cost-sharing grant program.

For more information go to:
exportaccess.ca/

Industrial Research Assistance Program

The 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:

  • Technology Expertise and Advisory Services
  • Financial Assistance for R & D activities
  • Networking
  • Partnerships

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:
www.nrc-cnrc.gc.ca/eng/irap/

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:
www.ontario.ca/page/grow-your-business-through-exporting

OCE Commercialization Program

The 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:

  • Market Readiness: Prepares entrepreneurs and their technologies for the market by investing in a range of activities, including market analysis, technology validation and business plan development.
  • Accelerator Investment: Pre-seed investment of up to $250,000 into a new company commercializing academic research.
  • Martin Walmsley Fellowship for Technological Entrepreneurship: Supports a researcher creating a new technology-based startup company.

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:
www.oce-ontario.org/programs/commercialization

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:
www.rev.gov.on.ca/english/credit/oitc/index.html

Regional Innovation Ecosystem

If you are a not-for-profit organization looking for funding to increase the innovation capacity of the region, FedDev Ontario’s funding under this stream aims to create, grow and develop strong and inclusive regional ecosystems that support business growth and innovation, as well as the entrepreneurial environment necessary to foster more innovative regional economies and increase the competitiveness of small- and medium-sized enterprises (SMEs).

Funding is available to:

  • Grow and sustain strategic clusters and consortia that support businesses to scale up and commercialize innovative products, technologies and services.
  • Enhance the development and reach of business incubators, accelerators, and other organizations, which support entrepreneurs, start-ups and innovative companies with high-growth potential.
  • Support projects led by innovation-oriented organizations to increase and promote business productivity and global competiveness, and investment and talent attraction.

For more information go to:
www.feddevontario.gc.ca/eic/site/723.nsf/eng/02474.html

Scientific Research and Experimental Development (SR&ED) Tax Incentive Program

A 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:
www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html

Southern Ontario Fund for Investment in Innovation (SOFII)

The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has launched a new $40-million program through its Empowering Innovation program. This program will support high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of usually $150,000 to $500,000 to support all aspects of growth challenges facing them. The loans are intended to help finance:

  • Late stage commercialization;
  • New product or service development;
  • New applications or markets; or
  • Development or implementation of new processes or technologies.

The SOFII loan funds will act as a catalyst for increased investment in and support for innovation and will be one element in the emerging climate of support for these high-growth companies in Southern Ontario.

For more information go to:
www.sofii.ca