Other than Bombardier and auto makers, governments in Canada haven’t shown a lot of love to business in the form of grants, until recently. The (relatively) new federal and provincial governments have been busy making good on select election promises and for the first time in years, we’re seeing financial support that our clients may be eligible for. And more good news – they’re trying to make these programs easier to apply to, with quicker turnaround times.
We can’t go into all of the programs in detail, but thought we’d highlight some of the more relevant ones to our clients.
Cheryl was recently invited to attend a round-table with Minister Chrystia Freeland, who spoke about the Trans-Pacific Trade Partnership and the CanExport Program. This program supports exporters entering new international markets by providing up to 50% non-repayable funding for expenses such as travel, trade shows, translation and consulting. We’ve already had clients awarded funds under this program so if you’re doing business internationally, it’s worth investigating further.
We spoke about the Canada-Alberta Job Grant in our last newsletter, but it is worth mentioning again. Open to any business, companies can receive funding for 2/3 of employee training costs, up to $10,000 dollars. Some Omni MCA services are eligible for funding – like business coaching that we offer.
If you’ve got a new technology that you want to develop further, the Alberta Innovates Technology Futures Vouchers support innovation by helping pay costs of business and technology development – up to $100,000. We’ve been successful helping clients leverage this program in the past and one client used the funds to work with Omni MCA to develop a strategic plan to guide them through product development and commercialization, as well as attract investors.
It’s been around for awhile – the Industrial Research Assistance Program (IRAP) is similar to AITF’s Vouchers in that it provides financial support to small and medium-sized enterprises to help them undertake technology innovation. Rodger recently concluded an IRAP-funded project in Saskatchewan, focused on productivity improvements and operational efficiency in an agricultural equipment manufacturing facility.
While all of these programs have application guides online, if you’d like to get some quick answers, feel free to contact Cheryl at (780) 777-6777. She’s worked with many of them in the past and can offer insight.