Funding Innovation and Growth for Canadian

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Funding Innovation and Growth for Canadian
Funding Innovation and
Growth for Canadian
Business
RDP Associates Inc.
What Areas of Business do Grant Funds
Apply to?
Marketing & Exports
Innovation and R&D
Human Resource and Training
Business Expansion
CanExport (Canada)

Objective of funding program:



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Encourage global marketing and export opportunities in a
market where you have been inactive for at least 24 months
Total funding available per company:

Up to $100,000, minimum of $10,000

Maximum of 50% of eligible expenses
Types of projects the funding covers:

Travel costs (for up to 2 employees)

Registration/participation fees (booths, seminar fees, shipping/handling costs, etc.)
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Document translation (e.g. translating marketing documents)
Total funding available:

Approx. $10M annually
Export Market Access (Ontario)
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Objective of funding program:
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Encourage global marketing and export opportunities
Total funding available per company:
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Up to $150,000

$30,000 per trade show
Types of projects the funding covers:
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Exhibiting at international trade shows/fairs/exhibits
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Development of promotional material
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Market research
Total funding available:

Approx. $2M annually
Industrial Research Assistance Program
(IRAP)
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Objective of funding program:
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To research, develop and commercialize new technologies
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To accelerate the adoption and adaptation of these technologies
Total funding available per company:
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Types of projects the funding covers:
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Up to $1 Million
Projects with the objective to grow and generate profits through development and
commercialization of innovative, technology-driven new or improved products,
services, or processes in Canada
Total funding available:

$220M annually Canada-wide, approx. $64 million in Ontario
FedDev (Ontario)
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Objective of funding program:
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Encouraging a more productive, diversified, and competitive economy in Canadian
regions
Total funding available per company:

Up to $20 Million

Either a loan or grant, depending on region
Types of projects the funding covers:

Enhancing productivity of an industry
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Market development
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Technology demonstration and piloting, etc…
Total funding available:
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$210 Million annually
Canada-Ontario Job Grant
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Objective of funding program:
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Total funding available per company:
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2/3 of training costs, up to $10,000 per employee trained
Types of projects the funding covers:
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Help employers to obtain valuable skills training for their employees
Purchase of training courses from a training service provider:

For incumbent staff or new/prospective hires
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Includes business/management/career development training, maintenance and refresher
skills, essential skills.

Covers tuition, course materials, exam fees, etc.
Total funding available:
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$192M annually in Ontario
Youth Employment Strategy: Career
Focus
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Objective of funding program:
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Total funding available per company:
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Help young people overcome barriers to employment and gain valuable skills and
work experience
$20,000 per hire with up to $300,000 in total per company
Types of projects the funding covers:
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Hiring youth under age 30 for full-time, career-related work experience
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Must intend to hire 8 or more youth over a 12-month period
Total funding available:
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$330M annually Canada-wide
Considerations & Risk Factors

Must apply before you undertake projects, training, hiring, etc…
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It’s a competition
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Success rates generally range from 20%-80%, depending on the program
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Success criteria are job creation and an increase in revenue/growth
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Companies with over 35 staff can typically qualify for at least one grant per
year

Strategically, grants should help you reduce risk on your initiatives, otherwise
don’t apply just to get a grant
Contact Us

RDP Associates Inc.
366 Bay Street, Suite 600
Toronto, ON M5H 4B2
Brian Cookson
(416) 313-2971
[email protected]
Thank You!

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