BlogIdol 2011 – my first article

At last I got around to actually write something for BlogIdol 2011! The contest ends in a week, but I still hope to accomplish something in the remaining time.

Programs that help you fund your IT projects

If you are looking for funding to develop an IT product or hire people, here are some useful federal and/or provincial programs that may help you. SR&ED is one of the most important ones, but there are others as well, and they can make all the difference in the development of your business.
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Government Services for Business: Information Fair and Workshops

Special Feature: Innovation Information Forum
4141 Living Arts Dr., Mississauga
Feb. 8, 2011

Announced in the 2010 Budget, the Canadian Innovation Commercialization
Program (CICP) is a $40 million program that aims to promote innovation
and support the development of Small and Medium Enterprises (SME) in
Canada. This pilot program provides funding for purchasing and testing of
pre-commercialized innovative goods and services by Government of Canada

The purpose of the Innovation Information Forum is to provide an overview of
the Canadian Innovation Commercialization Program (CICP) and other similar
programs, including the National Research Council’s Industrial Research
Assistance Program (NRC-IRAP), Natural Sciences and Engineering Research
Council of Canada’s (NSERC) Engage and Interaction Grants, and the Canada
Revenue Agency’s (CRA) Scientific Research & Experimental Development
(SR&ED) Tax Incentive Program.

Register here

Websites sell incorrect info on government grants. Where can you get the right info?

Websites sell incorrect info on government grants. And, to add insult to injury, they would charge you for that.

Where can you go for the correct information on grants and loans? I have good news for you. Canada Business Ontario provides the information for free. Their website is a single source for information on all grants and loans. Just select from the list what you want to do (e.g. “Hire or train people”), et voila: a list of all government grants you are entitled to!

In addition to that, CBO can do marketing research for you and many other things that your start-up business may need. Everything is free! If you need some business-related information they cannot provide, they will refer you to someone who can. (The referral is free as well!)

CBO contact information


Summer Company program run by Enterprise Toronto

The Summer Company program provides hands-on business training and mentoring – together with awards of up to $3,000 – to help enterprising young people, ages 15-29 (as of April 30, 2010) to start up and run their own summer business.

Summer Company is coordinated and delivered at the community level through the government’s Small Business Enterprise Centres by way of business mentoring groups. Business mentoring groups consist of volunteer business advisors from the local community.
Successful Students will receive:
An award of up to $1,500 will be given for start-up costs, and $1,500 award upon the successful completion of the Summer Company program;
a minimum of 12 hours of business training; and an opportunity to regularly meet with a local business mentoring group for support and advice on operating their summer business.


What is SR&ED?

SR&ED (Scientific Research & Experimental Development) program is a government incentive program. It refunds Canadian companies involved in Research and Development (R&D).
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