Depending on where you and your tech startup are located in Canada, the federal and provincial governments often offer funding programs to help build technology businesses. These programs aim to boost technology transfer from academic and research organizations to business, to create useful commercial products and profitable businesses in their jurisdictions, and to support employment and training in technology sectors locally.
Government programs provide good support to a financing plan but often require that the business provide some level of funding from their own sources. As a key qualifier, many programs call for the startup to provide matching funds (50%). This may be prohibitive depending on what stage your idea or company has reached and what resources you have available.
If you decide to pursue one of these government programs, keep in mind that resources exist to help you determine if these programs make sense for your business idea. You’ll find a comprehensive listing of government funding programs in the Funding sources directory of this website. You can also access this information through advisors for each of the programs in your local area.
Canada Revenue Agency. Retrieved April 7, 2009, from http://www.cra-arc.gc.ca/menu-eng.html.
MaRS Discovery District. Retrieved April 7, 2009, from https://learn.marsdd.com/aboutmars/.
National Research Council Canada. Retrieved April 7, 2009, from http://www.nrc-cnrc.gc.ca/eng/.
Natural Science and Engineering Research Council of Canada. Retrieved April 7, 2009, from http://www.nserc-crsng..gc.ca/Index_eng.asp.
Ontario Centres for Excellence. Retrieved April 7, 2009, from http://www.oce-ontario.org/.
Ontario Ministry of Research and Innovation. Retrieved April 7, 2009, from http://www.mri.gov.on.ca/english/programs/.
Ontario Ministry of Revenue. Retrieved April 7, 2009, from http://www.rev.gov.on.ca/english/.
Sustainable Development Technology Canada. Retrieved April 7, 2009, http://www.sdtc.ca/.