Canada’s six regional development agencies will direct federal COVID-19 relief funding to small and mid-sized companies and sectors that fall between the cracks of other relief programs.
Some of Canada’s 12,000 Canadian-owned small tech and innovative companies have already folded while others are being bought at fire-sale prices by large U.S. companies. Unless the government takes stronger measures, things will get worse, business leaders say.
The Short Report: New Parliamentary standing committee proposed for science and research; new Protein Industries Supercluster projects; Alberta cuts post-secondary education funding while Ontario increases it; boosting competitiveness of Canada’s mining sector; creating research internships for students; Canadian science for the Moon; developing small nuclear reactor technology; and more.
The Short Report: Transatlantic AI projects, ocean startups, new aeronautics centre of excellence, Canadian startups in New York, advancing 5G networks, constructing mass timber buildings, agri-food sustainability, and more.
The Alberta United Conservative Party government’s first budget will reduce the deficit but slashes support for the tech sector, advanced education, innovation funding and university students
Many stakeholders in Canada’s innovation ecosystem are calling for an independent, comprehensive review of Canada’s tax system.
The federal government has shrunk the number of innovation programs it offers, but there’s still ample funding and opportunities available, government officials say.
The initiative will provide recipients with non-repayable contributions for projects to enhance productivity, adopt new technologies, and create more skilled jobs.
Emissions Reduction Alberta-Business Development Bank of Canada offers easier and timely access to funding for innovative greenhouse gas-reducing technologies.
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.