A number of government programs and financial incentives are available to eligible professional, technical and consulting services companies to help offset hiring, job training, research and commercialization costs. Some of the key programs are described below and other Financial Incentives can be found in the Advantage Whitby section.
|Human Resources & Training|
|Research and Development|
Connect Canada Internship Program - Links graduate students and Canadian companies for research placements. Internships are funded by $5,000 from the partnership company and will be matched by Connect Canada.
First Job Industrial Internship Program - An initiative to help Ontario companies hire knowledgeable, highly-skilled graduates from Ontario colleges and universities, in the fields of science, technology and entrepreneurship. Employment opportunities are in research and development, with the goal of developing new products, services and processes and giving host companies the chance to expand their capabilities. Companies receive awards of up to a maximum of $25,000. Host companies provide the remaining salary and benefits. Primary consideration will be given to technically-progressive, small/medium-sized companies.
Industrial R&D Fellowship - Contributes $30,000 per year for two years towards salary for companies that hire recent doctoral graduates in science and engineering to conduct industrial R&D.
Industrial Research Assistance Program (IRAP) - is directed towards small and medium sized enterprises (SMEs) located in Canada, and is designed to assist in enhancing innovative capabilities. The program is an excellent source of advisory services, information and financial assistance to SMEs that are developing new products, processes or services. Assistance is provided to for profit businesses with less than 500 employees. IRAP is delivered by about 260 Industrial Technology Advisors (ITAs) who are located across Canada.
MITACS Accelerate - A national internship program which connects companies with research expertise in Canada's universities from applied sciences, engineering, social sciences and business to arts, life sciences, and more. For each four-month internship unit, MITACS matches your organization's contribution of $7,500, through the support of federal and provincial funding partners. Per four month unit, the intern receives a minimum stipend of $10,000, with the remaining $5,000 supporting other costs associated with the research.
Scientists and Engineers in Business Initiative - Improves the success rate of start-up enterprises by developing the business and management skills of promising entrepreneurs in science, technology, engineering and mathematics (STEM), and supporting them as they launch their businesses. Not-for-profit corporations are eligible for a non-repayable contribution of up to $35,000 per STEM entrepreneur engaged in the project. A maximum of $15,000 of that amount can be allocated to business skills development. A maximum of $20,000, either in the form of professional services or direct financing, can be allocated to support the STEM entrepreneur to commercialize the innovation, complete a business plan, and/or launch the business. FedDev Ontario will reimburse up to 50% of the not-for-profit organization's direct eligible costs. The remaining 50 % of costs will be contributed in cash by the STEM entrepreneur.
Canada Foundation for Innovation (CFI) - Normally funds up to 40 percent of a project's infrastructure costs which are invested in partnership with eligible institutions. Funding partners from the public, private, and voluntary sectors provide the remainder.
Ontario Research Fund (ORF) - Supports research that can be developed into innovative goods and services that will boost Ontario's economy. Through a commitment of $730 million over four years, the ORF is designed to provide Ontario's research community with research funding.