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IRAP
Industrial Research Assistant Program, administered by the NRC (National Research Council of Canada)
http://www.nrc-cnrc.gc.ca/eng/business/industrial-research-assistance.html
This is a great way to obtain seed money for your new innovative projects. You don’t need to meet the strict scientific criteria of the SR&ED program, but you do need to present a comprehensive new project plan including a detailed budget. You must be pre-approved before you start the project.
Bond Consulting Group can assist you with the process. We will write up your proposal, prepare the necessary financial analysis, and assist with the monthly reporting requirements.
SMART
SMART is a great program that is focused on helping Ontario Manufacturers. Administered by the CME (Canadian Manufacturers & Exporters Association), and funded by the Provincial Government, the program pays up to $50,000 in grant money for approved projects.
http://www.cme-smart.ca/
Your project needs to meet specific criteria relating to productivity or capacity improvement.
- Lean manufacturing
- Lean design
- Quality improvement
- Energy efficiency
- IT best practices
- Environmental impact reduction
- Health and Safety
Bond Consulting Group can assist you with the process. We will write up your detailed proposal including timeline and prepare the necessary financial analysis.
YVES LANDRY
The Yves Landry program is a great grant that can help you with improving the technical skills of your staff. The program focuses on training for Southern Ontario manufacturers.
http://www.yveslandryfoundation.com/article/48/aime_initiative___provincial.html
This program can provide you with up to $50,000 towards the costs of training.
Bond Consulting Group can assist you with the process. We will write up your detailed proposal and prepare the necessary financial analysis.
Federal Economic Development Agency of Southern Ontario
http://www.feddevontario.gc.ca/
This agency provides funding for specific programs with specific criteria, aimed at providing economic development funding for established businesses, not-for-profit organizations and institutions. They will fund up to 75% of some types of expenditures.
This is a loan, not a grant. The principle is repayable, but the conditions are quite favourable. We can negotiate for 0% interest over a term up to 7 years, with no payment for the first year.
These proposals are the most intense. A comprehensive business plan is required, with executive summary, detailed financial analysis, impact analysis, etc.
Bond Consulting Group can assist you with the process. We will write up your detailed proposal and prepare the necessary financial analysis.
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