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This Week's Top Story: WTC Montreal receives $2.78M in funding
Issue No. 13 - October 4, 2011

The federal government announced Wednesday the awarding of $2,775,200 in non-repayable funding to the World Trade Centre Montreal (WTC Montreal). 

This financial assistance will enable the organization to pursue its mission over the next three years and thereby continue helping Quebec's small and medium-sized enterprises (SMEs) capitalize on business opportunities on foreign markets and adjust to the new realities of the global economy. 

WTC Montreal will use this funding from the Government of Canada to, among other things, continue forging links abroad with prospective business partners. 

This contribution from the Government of Canada has been granted through the Export Support initiative of Canada Economic Development's Business and Regional Growth program. View the release.

 

Inside WTC Montreal.
Inside WTC Montreal.
Source: Randolph Croft Photography
Watch our new video on how three of our customers used The Funding Portal to find and obtain public funding

Hear from The Funding Portal's customers
Hear from The Funding Portal's customers
 
 
Grants and contributions 101

 

If you're new to the world of grants and contributions, experts suggest you follow these few tips to help you get started.

  1. Determine your objectives
    The world of public funding is huge. With over 2,200 programs in Canada and more than $4 billion to go around, the public funding marketplace can be overwhelming to beginners. Start by considering what amount and type of funding your business is looking for. Are you looking for a non-repayable contribution or are you willing to receive a repayable loan? Do you need $10,000 to help you go that extra mile or do you need $1 million for research and development? Determining your objectives will help you narrow your choice of programs.    
  2. Do your research
    Once you've determined your goals, make sure you have a complete list of opportunities. Many companies flock to large federal programs, but sometimes a municipal or provincial program is the way to go. To quickly obtain a list of relevant public funding opportunities for your business or non-profit, try The Funding Portal's TFP Search application. Not sure which fund is best? The Funding Portal offers free expert consultations.     
  3. Prepare your materials
    Every business needs a strong business plan and their financial materials, including 5- to 10-year projections, ready when applying for grants and contributions. Nobody will invest in a business that hasn't done its homework.    
  4. Keep track of your progress
    Keep a log of your ideas and progress throughout the process of finding and applying for public funding. Being organized is important once the application process has begun. Certain types of applications, especially those for tax refunds, require information from your daily activities so keeping track makes a real difference and saves you time.     
  5. Analyze your strategy
    Funders look for key indicators your company is a good fit for public funding, including: whether your company will create new jobs, what you will do with the money, the feasibility of your project, your ability to report on the spending, your growth projections, etc.    
  6. Find a mentor
    Applying to public funding can be a complicated process, and that's why having an experienced mentor on your side will prove helpful. The Funding Portal's experts are a good source of information.      
  7. Don't procrastinate
    Companies often miss the deadline for their target funding program because their application or business plan wasn't ready. Make sure you determine what the deadline is for the program you picked, and allow the government a reasonable delay to review your application (often 6-8 weeks). Also keep an eye out for applications that must be filed with the year-end (SRED tax applications, for example).  
In This Issue
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Grants and Contributions 101
Weekly FAQ
New Funding Opportunities
Funding News
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New funding opportunities

 

Nova Scotia supports small businesses with expanded Credit Union Loan Program 

The government of Nova Scotia announced Friday that small businesses across the province will now have access to larger loans, with more time to pay them back, through the Credit Union Small Business Loan Program. Amendments to the program increase the maximum loan amount from $150,000 to $500,000, and extend the amortization from seven to 10 years. The province is also offering an initial guarantee of 90 per cent, up from 75 per cent, for commercially viable, perceived higher-risk sectors. View the release.

 

Young entrepreneurs in BC to benefit from funding

The government of BC announced last Tuesday a new government program, Community Futures, has been awarded $1.65 million to help local youth develop their business ideas and entrepreneurial skills. Up to $5,000 per participant will be available to support pilot program activities and may include personal supports during the development of the business plan, business-seed funding, an education grant, or the purchase of training. Pilot project funding is going to groups in Vancouver, Victoria, Prince George and Kelowna. View the release.

 

Funding News

 

Fenomax receives $176k in funding

The federal government announced Monday that the firm Fenomax will receive $176,000 in repayable funding for the acquisition of equipment and expansion of its Riviere-Rouge factory. Fenomax specializes in the custom manufacture of PVC windows and the sale of steel doors. This financial assistance has been granted through the Community Diversification program. View the release.

    

Governments of Canada and Saskatchewan support development of new environmental technology
The federal government and the government of Saskatchewan announced Friday that they
 will support Genome Prairie in working with the University of Saskatchewan, Contango Strategies Ltd. and Cameco Corporation on an initiative to develop and commercialize innovative technology that will help minimize environmental impacts and associated reclamation costs in uranium mining and milling industries. The governments will offer a combined investment of almost $1.5 million toward the creation of new software for Microbial Assessment for Value-Added, Environmental, and Natural Resources (MAVEN). View the release.

 

Governments of Canada and Saskatchewan invest in dialysis treatment research

The federal government and the government of Saskatchewan announced Friday funding for the University of Saskatchewan to develop and commercialize an improved hemodialysis treatment system to improve the quality of life for patients with End Stage Renal Disease (ESRD) by reducing the length and number of hemodialysis sessions. Through the Canada-Saskatchewan Western Economic Partnership Agreement (WEPA), the Governments of Canada and Saskatchewan are investing a combined $789,000. View the release.

 

Niagara region businesses to benefit from funding

The federal government announced Friday a new investment of $337,500 for Ultimate Kiosk Inc. and the Niagara Angel Network. Agreements between Niagara College Canada and 14 local small- and medium-sized businesses to work on collaborative research projects were also announced. FedDev Ontario's support will help accelerate commercialization, productivity and competitiveness and encourage private sector investment in innovation. View the release.

 

Laser AMP receives funding

The federal government announced Friday that the firm Laser AMP has been granted $350,000 in repayable funding to improve its productivity. The enterprise, which has been specializing in metal laser cutting since 1995, intends to use the funding for the acquisition of equipment, including a new press brake and aluminium welding robot. This financial assistance has been granted through Canada Economic Development's Business and Regional Growth program. View the release.

 

Search retargeting start-up in Toronto receives funding

The federal government announced Friday that Chango, a leader in the emerging search retargeting market, will have greater opportunities to develop new technologies, thanks to a new investment. Chango will receive an investment of up to $978,333 through FedDev Ontario's Investing in Business Innovation. View the release.

 

Xpertdoc Technologies Inc. granted $109k in funding

The federal government announced Thursday that the firm Xpertdoc Technologies Inc. will receive $109,400 in repayable financial assistance to market its new software to U.S. insurance companies. The Lachenaie enterprise has developed Microsoft Office(R)-compatible data integration software for the automated creation of personalized documents. This financial assistance has been granted through the Business and Regional Growth program. View the release.

 

National Neurological Study receives $6M in funding

The federal government announced Thursday that 10 new research projects will benefit from an approximately $6 million investment from the Government of Canada. The funding announced will support research being carried out across Canada. The Public Health Agency of Canada is collaborating with Neurological Health Charities Canada (NHCC), a coalition of 26 neurological charities, to implement these studies. View the release.

 

Conseil de d�veloppement bioalimentaire de Lanaudi�re receives funding

The federal government announced Wednesday that the Conseil de d�veloppement bioalimentaire de Lanaudi�re (CDBL) will receive $214,800 in non-repayable funding over three years to continue addressing the needs of small firms in the organic foods sector. This financial assistance has been granted through the Community Diversification program. View the release.

 

Parc des Trois Sœurs receives funding

The federal government announced last Tuesday that the Corporation du Parc des Trois Soeurs has been granted $294,032 in funding for the planning of the park's recreational tourism development. This funding has been granted through the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE). View the release.

 

Government invests in bovine TB screening tests

The federal government announced last Tuesday an investment of nearly $320,000 to the Canadian Cattlemen's Association. The government is working with industry to identify a new diagnostic test for bovine tuberculosis in cattle that will be simpler and more cost-effective for regulatory agencies to administer. This investment was made through the Canadian Agricultural Adaptation Program (CAAP). View the release.

  

Profile: Steve Borza, SR&ED tax expert

Steve Borza is a Bachelor of Mechanical Engineering with particular expertise in robotics, semiconductor and optical communications, computer security and defence hardware. He has managed the SR&ED practice for Canada's largest SR&ED service provider. Working out of Ottawa, Mr. Borza is one of The Funding Portal's experts in SR&ED tax incentives.

   

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