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Thursday, February 28, 2013

Technology Grants Available to Small Business in Canada

Small manufacturing businesses in Canada may be eligible for any one of four grants being offered through Canadian government funding programs. The grants are designed to help Small and Medium size Enterprise (SME) manufacturing businesses with financial support for software and other technology support needed to increase productivity in their companies.

The IRAP Accelerated Review Process (ARP) is a $50,000 grant for small companies who do on-site research and development. Eligible projects must be related to implementing an Enterprise Resource Planning (ERP) business system. This could include software for accounting or Customer Relationship Management. The grant will pay 80 percent of direct labor costs and 50 percent of subcontractor fees up to $50,000.

The IRAP Digital Technology Adoption Pilot Program (DTAPP) is a $100,000 grant for companies wanting to update their technology to increase efficiency. This grant pays 80 percent of direct labor and 75 percent of costs for subcontractors who work on projects that upgrade or install new ERP systems.

The Graduate Enterprise Internship (GEI) grant is a $15,000 grant for small manufacturing companies who hire recent college graduates. Graduates must have completed studies in science, technology, engineering or math. The grant is intended to cover the wages of new college graduates hired up to $10,000 for an undergraduate degree and $15,000 for a graduate degree, including both Masters and Ph.D.,  for a period of six months.

The Yves Landry AIME Initiative is a $50,000 grant that covers training programs included in implementing an ERP system and all training costs involved.

Funding for the grants is provided from the government of Canada through a program called Prosperity Initiative. The program was created by the Federal Economic Development Agency for Southern Ontario to stimulate a more productive, diversified and competitive economy in Southern Ontario.

For more information, visit www.feddevontario.gc.ca/eic/site/723.nsf/eng/h_00398.html
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