Topic: SMEs

Access to innovation spurs regional diversification and growth

Cluster development is essential for community survival and development. It can help diversify industry to ensure communities are not overly reliant on one sector, while creating an ecosystem that simultaneously stimulates the growth of Canadian SMEs and attracts international players to the area. A case study of the Sarnia-Lambton region highlights both the necessity of thinking long-term about regional cluster development, and the active part that colleges play in cluster building through efforts such as providing infrastructure, bringing together partners, and providing research and development (R&D) for SMEs.

Innovative Solutions Canada launches three new challenges to Canadian SMBs

Innovation, Science and Economic Development (ISED) minister Navdeep Bains has announced a new round of challenges through the federal procurement program Innovative Solutions Canada (ISC). Launched late last year, ISC is designed to support R&D at small and mid-size businesses by inviting them to create products that answer specific government needs or requests. Winning businesses…

Alberta offers new incentives to cut industrial methane emissions

The Alberta government’s new Methane Emissions Reduction Program will provide small and medium-sized oil and gas companies with incentives of up to $250,000 per year, per facility for energy-efficiency upgrades to reduce global-warming methane emissions. Administered by Energy Efficiency Alberta, the program is designed for facilities in Alberta that don’t exceed more than 40,000 barrels…

Red River College proceeds with new Innovation Centre

Red River College (RRC) in Manitoba is moving ahead with construction of its new $95-million Innovation Centre in downtown Winnipeg, after confirming that the federal government will provide $40.6 million toward the project. The provincial government is supporting the centre through a loan guarantee to RRC for up to $54.8 million. The Innovation Centre will…

OCE supports six regional sites for C/AV

Six regional technology development sites (RTDSs) across Ontario will receive financial support from the Ontario government as part of the Autonomous Vehicle Innovation Network (AVIN) project, which seeks to position the province as a leader in transformative automotive technologies, transportation systems and related supporting infrastructure. Earlier this month, the Ontario Centres of Excellence (OCE), which…

Federal gov’t, provinces collaborate to build 5G test bed for SMEs

Investments amounting to $400 million over five years will go to building a series of linked laboratories for 5G technology along the Ontario-Quebec corridor. Under the Evolution of Networked Services through a Corridor in Quebec and Ontario for Research and Innovation (ENCQOR) project, the federal and provincial governments and private sector partners have committed funds…

Quebec projects get federal funding for innovative projects

Five projects in the Quebec City area have received funding to help companies and organizations move forward with their innovative projects. More than $831,000 in federal financial assistance are available through Canada Economic Development for Quebec Regions (CED) with almost $480,000 being repayable. The fund recipients are the Centre en imagerie numérique et médias interactifs (CIMMI),…