A range of tax credits, grants and cost-sharing are available. Find out if they meet your company’s research and development, innovation, and export needs:
- Industrial Research Assistance Program.
- Scientific Research and Experimental Development (SR&ED) Tax Incentive Program.
- SD Tech Fund – Sustainable Development Technology Canada.
- SMART Program.
Industrial Research Assistance Program
The Industrial Research Assistance Program (IRAP) helps small or medium-sized Canadian enterprises (SMEs) meet technological challenges and build innovation capacity. Their portfolio of services has four main components:
- Technology Expertise and Advisory Services
- Financial Assistance for R & D activities
NRC-IRAP funds portions of project costs, and reimburses salaries and labour fees through its Youth Employment Strategy program and Research and Development Activity program.
Contributions are targeted to clients who can demonstrate a clear need for financial support and present a strong business case for a technology. They must also demonstrate the technical, financial and managerial capacity to take the idea from concept to commercialization.
For more information on this program please visit www.irap-pari.nrc-cnrc.gc.ca
This federal tax incentive program encourages Canadian businesses of all sizes and in all sectors to conduct research and development that will lead to new, improved, or technologically-advanced products or processes. Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead and SR&ED contracts. For more information go to www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html
This $550 million fund from the federal government supports late-stage development and pre-commercial demonstration of clean technology solutions. These are products and processes that contribute to clean air, clean water and clean land; that address climate change and improve the productivity or global competitiveness of the Canadian industry. For more information go to www.sdtc.ca
The AgrInnovation Program is a five year up to $698 million initiative under Growing Forward 2 that was created to assist with the acceleration of innovation and advancement by supporting research and development activities in agri-innovations. It was also designed to facilitate demonstration, commercialization and adoption of such products, technologies, processes, practices and services.
The goal of the program is encourage economic growth, productivity, competitiveness, adaptability and sustainability of the Canadian agriculture, agri-foods and agri-based products sector as well as assist in expanding in both the domestic and international markets. For more information, please visit Growing Forward 2 – AgriInnovation Program.
Abbotsford has an extensive fibre optic network, wireless services, international roaming and advanced mobile networks. These add up to a high-performing information service at competitive rates. This serves local businesses and makes us an attractive destination for technology-based businesses. We also have the largest concentration of marketing firms in BC, outside of Vancouver, just in case you don’t want to do the dialling on your own.
Tech and data centres get a competitive edge in Abbotsford due to our high capacity fibre optic network. CAED partnered with Optic Zoo to build Abbotsford’s fibre optic route, with connection points at City Hall and other key locales. CAED remains committed to such industry alliances to strengthen Abbotsford as a regional hub and create more benefits to business and citizens. The availability of a dark fibre optic connection is just one of the Abbotsford’s advantages.
Why is this network important?
B2B or business-only-network traffic accounts for an estimated 41% of all wired and wireless network traffic in Canada. This traffic is roughly bucketed as 30% internet, 41% data and 29% voice. Businesses are consuming more content and applications than ever seen before, and many of these applications that are part of day-today business are interactive, this consuming large amounts of bandwidth and require high capacity connections.
Dark Fibre is a significant benefit to business for the following reasons:
- Speed and Scalability: As more and more businesses move into cloud based services, fibre helps with the speed of access and provides symmetrical connections (equal upload and download speeds).
- Reliability: It’s virtually guaranteed with fibre so that businesses can guarantee performance.
- Dedicated Network: Where copper and cable services are shared by a number of different businesses in the geographical area, fibre is dedicated to each location. This is an advantage for companies with multiple offices and mission-critical, time-sensitive operations.
Below is the latest route proposal for the fibre optics cable. Optic Zoo will now be having multiple routes throughout the City. The green and red lines on the map below will initially be at slightly lower capacity until Optic Zoo can replace with their own cable.
Not yet in your area? Let us help you connect with Optic Zoo and let’s see when we can get this valuable resource to you! Contact Optic Zoo via their web form.
Need a dose of fibre? Call us at 604.864.5586 or complete our online form to learn more.