Financing for Innovation

Are you looking to finance your business' ability to innovate? If you are involved in taking products and services from the research and development stage all the way to the commercialization process, there are a number of government programs set up to help finance innovative Canadian businesses. Find out if you qualify.

• Alberta Energy Research Institute
  
  http://www.canadabusiness.ca/eng/summary/2506/
  Applies to: Alberta
  If you have an invention that makes a significant impact on the energy industry, you may be able to get money to help with engineering designs, building prototypes and getting patents.
• Alberta Ingenuity Fund
  
  http://www.canadabusiness.ca/eng/summary/2832/
  Applies to: Alberta
  If you are an Alberta entrepreneur looking to increase his capacity to use technology and to compete globally, the Ingenuity Industry Programs may help you recruit highly qualified personnel.
• Agricultural Adaptation Council
  
  http://www.adaptcouncil.org/index.php
  Learn about financial resources to help you stay competitive.
• Agricultural Sustainability Initiative
  
  http://www.canadabusiness.ca/eng/summary/2566/
  Applies to: Manitoba
  Access financial assistance to help improve the health of agricultural ecosystems in Manitoba.
• Agriculture Development Fund
  
  http://www.canadabusiness.ca/eng/summary/2257/
  Applies to: Saskatchewan
  Access funding to undertake agricultural food research and development.
• Agriculture Financial Services Corporation Lending
  
  http://www.canadabusiness.ca/eng/summary/2819/
  Applies to: Alberta
  Access loans and services to start or grow farm, agribusiness or other small business.
• Agri-Food Research and Development Initiative (ARDI)
  
  http://www.canadabusiness.ca/eng/summary/2535/
  Applies to: Manitoba
  Receive financial support for your research and development projects in Manitoba's agriculture and agri-food industry.
• AVAC Ltd.
  
  http://www.canadabusiness.ca/eng/summary/2842/
  Applies to: Alberta
  Receive financial investment for researching and developing your Alberta value-added products and/or services.
• BDC Subordinate Financing
  
  http://www.canadabusiness.ca/eng/summary/1207/
  Applies to: All of Canada
  An alternative way to finance the growth of your profitable business
• BDC Term Loans
  
  http://www.canadabusiness.ca/eng/summary/1049/
  Applies to: All of Canada
  You can get flexible debt financing for a wide variety of business projects.
• BDC Venture Capital
  
  http://www.canadabusiness.ca/eng/summary/935/
  Applies to: All of Canada
  An alternate source of funding for your technology-based business.
• Biopharmaceutical Investment Program
  
  http://www.canadabusiness.ca/eng/summary/2662/
  Applies to: Ontario
  Is your pharmaceutical company ready to invest in new or enhanced biopharmaceutical projects in Ontario? The BIP can offer you flexible funding support for projects of $5 million or more.
• Business Assistance – Immigrant Investor Program
  
  http://www.canadabusiness.ca/eng/summary/2392/
  Applies to: Quebec
  Investments made by immigrant investors generate funds that may benefit your business.
• Business Development Program
  
  http://www.canadabusiness.ca/eng/summary/943/
  Applies to: New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island
  Access funds to start, expand or improve your business in Atlantic Canada.
• Business Development Program - Funding for Waste Diversion Initiatives
  
  http://www.canadabusiness.ca/eng/summary/3821/
  Applies to: Nova Scotia
  Access funding for projects that divert waste from landfills.
• Business and Regional Growth
  
  http://www.canadabusiness.ca/eng/summary/1129/
  Applies to: Quebec
  Financing to help your Quebec business improve its performance, and become more competitive and more engaged in innovation.
• Commercialization Program
  
  http://www.canadabusiness.ca/eng/summary/3290/
  Applies to: Newfoundland and Labrador
  Get financing for commercialization of innovative, market-ready products and services, including support for technology transfer activities.
• Community Business Development Corporations Business Loan Program - Atlantic Provinces
  
  http://www.canadabusiness.ca/eng/summary/1063/
  Applies to: New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island
  Get funding to start or grow a business in rural areas of Atlantic Canada.
• Economic projects support program
  
  http://www.canadabusiness.ca/eng/summary/2447/
  Applies to: Quebec
  You may be eligible to obtain financial assistance for your investment or product development project in Quebec.
• Emerging Technology Program (Northern Ontario)
  
  http://www.canadabusiness.ca/eng/summary/2804/
  Applies to: Ontario
  You could receive a grant or a loan to research and develop new technology, if you operate an incorporated business in Northern Ontario.
• Environmental Technology Program
  
  http://www.canadabusiness.ca/eng/summary/3765/
  Applies to: Nova Scotia
  Apply for a grant to fund up to 50% of your innovative environmental technology.
• Fisheries Technology and New Opportunities Program
  
  http://www.canadabusiness.ca/eng/summary/3303/
  Applies to: Newfoundland and Labrador
  Access funding for research and development projects (for example, recovery of discards, alternative harvesting and processing technology, quality assurance).
• Fonds Bio-Innovation
  
  http://www.canadabusiness.ca/eng/summary/2855/
  Applies to: Quebec
  Do you need funding for your technological innovation development project?
• Fonds d’investissement de la culture et des communications
  
  http://www.canadabusiness.ca/eng/summary/2903/
  Applies to: Quebec
  Are you a Quebec business owner seeking funding to create, produce and distribute cultural content?
• Going Global Innovation
  
  http://www.canadabusiness.ca/eng/summary/944/
  Applies to: All of Canada
  Funding to help you find foreign partners for research and development collaboration.
• Industrial Research Assistance Program (IRAP)
  
  http://www.canadabusiness.ca/eng/summary/967/
  Applies to: All of Canada
  You can get financing for your growing business for technical research and development, if you are incorporated and have at least one employee.
• Innovation Enhancement Program
  
  http://www.canadabusiness.ca/eng/summary/2249/
  Applies to: Newfoundland and Labrador
  Access funding for innovative projects through industry associations, not-for-profit groups and similar organizations.
• Innovation Voucher Program
  
  http://www.canadabusiness.ca/eng/summary/2465/
  Applies to: Alberta
  Get financial assistance to bring new technologies or knowledge-based products and services to market.
• Junior Exploration Assistance
  
  http://www.canadabusiness.ca/eng/summary/3297/
  Applies to: Newfoundland and Labrador
  Receive a grant to conduct advanced mineral exploration and prospection.
• Manitoba Agri-Innovation Suite
  
  http://www.canadabusiness.ca/eng/summary/2606/
  Applies to: Manitoba
  From idea to market... get the help your business needs to develop the next big agri-food product.
• Northern Ontario Development Program
  
  http://www.canadabusiness.ca/eng/summary/1295/
  Applies to: Ontario
  Business financing to grow your business in Northern Ontario.
• Oil and Gas Manufacturing and Services Export Development Fund
  
  http://www.canadabusiness.ca/eng/summary/3325/
  Applies to: Newfoundland and Labrador
  Access funding for exporting, commercialization and new technologies as a supplier to the oil and gas industry.
• Ontario Business Research Institute Tax Credit
  
  http://www.canadabusiness.ca/eng/summary/2875/
  Applies to: Ontario
  Your corporation could be eligible for a 20% tax credit for scientific research and experimental development (SR&ED) performed through an eligible research institute (ERI).
• Ontario Centres of Excellence Commercialization Programs
  
  http://www.oce-ontario.org/Pages/Commer.aspx
  Looking for bridge financing to help move your research results to a marketable product or service? The Ontario Centres of Excellence Commercialization Program can help.
• Ontario Innovation Demonstration Fund
  
  http://www.canadabusiness.ca/eng/summary/2866/
  Applies to: Ontario
  You may qualify for a grant of up to $4 million to help commercialize your innovative green technologies, processes and/or products in Ontario.
• Ontario Innovation Tax Credit
  
  http://www.canadabusiness.ca/eng/summary/2873/
  Applies to: Ontario
  If you are an Ontario-based corporation, you may be able to claim a 10% tax credit for scientific research & experimental development carried out in Ontario.
• Ontario New Technology Tax Incentive
  
  http://www.canadabusiness.ca/eng/summary/2988/
  Applies to: Ontario
  This incentive can help you reduce the costs of purchasing intellectual property for the purpose of implementing a new product or innovation in Ontario.
• Private Sector Research and Development Co-operative Employment Program
  
  http://www.canadabusiness.ca/eng/summary/3816/
  Applies to: Nova Scotia
  Hire a science, business or engineering co-op student and receive a 75% wage subsidy.
• Programme d’aide aux entreprises
  
  http://www.canadabusiness.ca/eng/summary/2461/
  Applies to: Quebec
  Increase the competitiveness and accelerate the growth of your business with this grant.
• Saskatchewan Petroleum Research Incentive
  
  http://www.canadabusiness.ca/eng/summary/3899/
  Applies to: Saskatchewan
  You may be eligible for a grant, if your organization is in the business of conducting research in the area of new and promising technologies in the oil and gas sector.
• Scientific Research and Experimental Development (SR&ED) - Tax Incentive Program
  
  http://www.canadabusiness.ca/eng/summary/1226/
  Applies to: All of Canada
  You can get a tax credit, if you spend money on industrial research and development in Canada.
• Small and Medium Business Financial Program – General Section
  
  http://www.canadabusiness.ca/eng/summary/4063/
  Applies to: Quebec
  You could receive financial assistance to help carry out your business development projects.
• SMB Financial Program – Interim Financing of Tax Credits
  
  http://www.canadabusiness.ca/eng/summary/2251/
  Applies to: Quebec
  This financial support enables you to increase your short-term liquid assets.
• SMB Financial Program – Technological and Design Innovation
  
  http://www.canadabusiness.ca/eng/summary/2291/
  Applies to: Quebec
  Receive a loan or loan guarantee for your research and development project in technological or design innovation.
• Southern Ontario Development Program
  
  http://www.canadabusiness.ca/eng/summary/3035/
  Applies to: Ontario
  Find out how you can apply for funding for business expansion and improvements if your business is located in Southern Ontario.
• Strategic Aerospace and Defence Initiative (SADI)
  
  http://www.canadabusiness.ca/eng/summary/1586/
  Applies to: All of Canada
  If you are an aerospace and defence company that is incorporated in Canada, you can receive money for research and development projects in Canada.
• Strategic Support for Investment Program
  
  http://www.canadabusiness.ca/eng/summary/3534/
  Applies to: Quebec
  Obtain funding for your major investment or new product development projects.
• Support for Business Start-Up – Entrepreneurial Assistance Program
  
  http://www.canadabusiness.ca/eng/summary/4110/
  Applies to: Quebec
  This funding can help you cover the costs of starting a technology business stemming from research findings.
• Tax holiday for foreign researchers
  
  http://www.canadabusiness.ca/eng/summary/2561/
  Applies to: Quebec
  If your business does scientific research and experimental development, you could obtain financial assistance to recruit foreign researchers
• Tax Holiday for Foreign Experts
  
  http://www.canadabusiness.ca/eng/summary/2290/
  Applies to: Quebec
  This tax measure facilitates the recruitment of recognized foreign experts to work on your innovation project.
• Technology Commercialization Program
  
  http://www.canadabusiness.ca/eng/summary/2567/
  Applies to: Manitoba
  How do you grow your business on technological fronts? Access cost-shared financial assistance to implement new technologies into your business.