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Below are examples of federal and provincial investment mechanisms that you may have access to:
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Scientific Research and Experimental Development (SR&ED)
Companies investing in research and development (R&D) activities internally or in collaboration with designated research providers are eligible to apply for Scientific Research and Experimental Development (SR&ED) federal tax credits and provincial/territorial R&D tax credits. In addition to deducting expenditures for the purposes of computing taxable income, companies may also be eligible for a cash refund or a reduction of taxes owing; these benefits can range from 15 per cent to 35 per cent of qualifying operating expenditures and up to 40 per cent for capital expenditures.
The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP)
Are you a Canadian small or medium-sized business? The National Research Council’s Industrial Research Assistance Program (NRC IRAP) provides funding to support research and development projects at different stages of the technology readiness scale. They’re seeking companies pursuing technology-driven innovation with strong potential for growth.
This open intake begins with a meeting with an Industrial Technology Advisor (ITA). Eligible businesses can access funding to cover 50–80% of internal technical labour and subcontractor expenses.
Ontario Center of Innovation – Critical Industrial Technologies Initiative
Do you have a technology that leverages 5G, Artificial Intelligence or robotics to advance Ontario’s agri-food sector? Work with Vineland as a Technology Development Site (TDS) to support your technology development and adoption.