#SR&ED Consulting in Ottawa

[banhall]

SR&ED Consulting in Ottawa

Looking for expert SR&ED consulting in Ottawa? Banhall is your go-to resource for navigating the Scientific Research and Experimental Development (SR&ED) program. Our knowledgeable team specializes in helping local businesses identify eligible R&D activities and maximize their tax credits. With a deep understanding of the SR&ED application process, we provide tailored support that simplifies the complexities involved. Whether you’re a startup or an established company, our Ottawa-based consultants are dedicated to driving your innovation and growth. Discover how Banhall can enhance your SR&ED claims today. Visit us at Banhall to learn more about our specialized consulting services! Find us here

[artificial-intelligence-related]

Innovation in Canada: A Technological Renaissance

Canada, known for its stunning landscapes and diverse cities, is also becoming a leader in technological innovation. This shift is thanks to government support, a thriving startup scene, and world-class universities that together create a fertile ground for creativity and progress.

Top Software Development Companies in Canada

The backbone of many of these innovations is the software development industry. Software development companies Canada are not only leaders domestically but also making a mark globally.

Shopify: Based in Ottawa, Shopify is a leading e-commerce platform that helps businesses create and manage online stores. Its innovative solutions have transformed the e-commerce landscape, empowering countless entrepreneurs to start and grow their businesses.

OpenText: Located in Waterloo, OpenText is a global leader in enterprise information management. It provides software solutions to help organizations manage and secure their data, ensuring compliance and efficiency. OpenText’s tools are trusted by major corporations worldwide.

CGI Inc.: Montreal’s CGI Inc. is one of the largest IT and business consulting firms globally. It offers a broad range of services, including systems integration, consulting, and outsourcing, serving various industries like financial services, government, healthcare, and telecommunications.

BlackBerry Limited: Once famous for its smartphones, BlackBerry, headquartered in Waterloo, has successfully pivoted to focus on security software and services for enterprises and governments around the world.

Constellation Software Inc.: Based in Toronto, Constellation Software specializes in acquiring, managing, and growing vertical market software businesses. Its unique growth strategy through acquisition has made it a leader in the software industry.

A Supportive Government

The Canadian government is a strong advocate for innovation. Programs like the Innovation and Skills Plan aim to position Canada at the forefront of global innovation. This plan invests in education, skills, research, and entrepreneurship, providing tax incentives and grants through initiatives like the Scientific Research and Experimental Development (SR&ED) tax incentive program. Such efforts make it easier for innovators to turn their ideas into reality.

Educational Excellence

Canada's top universities, including the University of Toronto, McGill University, and the University of British Columbia, are key players in this innovation wave. These institutions not only produce talented graduates but also drive groundbreaking research. Their presence has created a rich pool of skilled individuals essential for technological advancement. Additionally, Canada's inclusive immigration policies attract skilled professionals from around the world, further enhancing its diverse and dynamic workforce.

Thriving Startup Culture

Canada’s startup ecosystem is buzzing with activity. Cities like Toronto, Vancouver, Montreal, and Ottawa are hubs of entrepreneurial spirit and innovation. Toronto, often called “Silicon Valley North,” is particularly noteworthy for its dense concentration of tech companies and startups. Organizations like MaRS Discovery District in Toronto and Communitech in Waterloo offer vital support to startups through funding, mentorship, and networking opportunities.

Economic Impact of Innovation

The influence of innovation on Canada’s economy is substantial. The tech sector is one of the fastest-growing areas, significantly contributing to GDP and job creation. The success of tech startups and established software companies has put Canada on the map as a global tech hub. This growth attracts foreign investment, fosters international partnerships, and enhances the country's competitive edge.

Conclusion

Innovation in Canada is more than a trend; it’s a strategic and well-supported movement. With government backing, top-tier educational institutions, a dynamic startup ecosystem, and leading software development companies, Canada is on its way to becoming a global technology leader. As investments in people and infrastructure continue, Canada’s role in the global tech landscape will only grow, paving the way for exciting developments in the future.

[cataalliance]

Age of Ingenuity 12APR2020 from CATAAlliance on Vimeo.

Show Notes:

The April 7th, 2020 Future Economy post, "Supporting Canadian Businesses During Covid-19," at thefutureeconomy.ca/interviews/todd-winterhalt/.

Government of Canada Consulting with Canadians Website at canada.ca/en/government/system/consultations/consultingcanadians.html

SR&ED as per canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program.html ) and National Research Council of Canada (NRC) Industrial Research Assistance Program (IRAP) tax claims without the audit requirements typically needed to claim these tax credits.

National Research Council IRAP portal at iip-pip.nrc-cnrc.gc.ca/src/Account/UserLogin.aspx

The April 1st, 2020 McLeans article, Thousands of Canadians Can’t Pay Their Rent Today” at macleans.ca/politics/ottawa/thousands-of-canadians-cant-pay-their-rent-today/

The April 10th, 2020 Crunchbase post, “Layoff Data Report: Start-ups Under Fire Amid Covid-19 Pandemic,” at news.crunchbase.com/news/layoff-data-report-startups-under-fire-amid-covid-19-pandemic/

Business Development Bank (BDC) of Canada website on programs to assist entrepreneurs to cope with the Covid-19 crisis at bdc.ca/en/pages/special-support.aspx?special-initiative=covid19

The April 9th, National Post article, "Canada lost more than one million jobs in March, but April could be even worse," at nationalpost.com/pmn/news-pmn/canada-news-pmn/newsalert-canada-lost-1011000-jobs-in-march-unemployment-rate-rises-to-7-8.

The April 10th, 2020 RCR Wireless News post, "Kagan: Wireless growth, innovation to accelerate with COVID-19" at rcrwireless.com/20200410/analyst-angle/kagan-wireless-growth-innovation-covid-19

Wikipedia Entry for Margret Atwoods Long Pen at en.wikipedia.org/wiki/LongPen

The Ontario Telemedicine Network (OTN) website at otn.ca

The April 3rd, 2020 Global News Post, "Here’s why some Canadian internet providers have hiked prices despite coronavirus," at globalnews.ca/news/6777014/coronavirus-canada-internet-prices/.

CREDITS

Copyright disclaimer under section 107 of the US Copyright Act of 1976, allowing for “fair use” for purposes such as criticism and under section 29 of the 1921 Canadian Copyright Act allowing for “fair dealing” exemptions for criticism, review and news reporting.

Music: Freesound House Flow by Jaturo licenced under a Creative Commons 0 Licence.

Support the Age of Ingenuity via donation to Patreon and Subscribestar.

Follow us on YouTube at youtube.com/channel/UCRGyx0bYg-5BxshLeXP67lA?view_as=subscriber, Bitchute at bitchute.com/channel/oWhGMg5t1Ml5/ and Vimeo at vimeo.com/catatechnow/

[mikemortgage]

Ottawa ’bending over backward’ for foreign tech giants at the expense of homegrown stars, insiders say

The centrepiece of Canada’s innovation strategy is the $950-million “supercluster” initiative. The goal, according to the federal government, is for companies of all sizes, academia and the non-profit sector to collaborate on new technologies, to spur economic growth and create jobs. As part of the Innovation Nation series, the Financial Post is taking an in-depth look at each of the five regional projects, and provide continuing coverage of their progress. You can find all of our coverage here.

Carl Rodrigues recalls being thrilled in August 2017 to have a sitting prime minister visit him at a Toronto hotel to discuss the future of his burgeoning company.

Just one detail was different than what he was hoping for. The visiting prime minister was not Justin Trudeau, but Ireland’s Leo Varadkar, who made a point of making SOTI Inc. one of the few private-sector companies he visited during a summer trip to Canada.

SOTI had written to Trudeau seven months earlier, inviting him to attend the unveiling of its future headquarters in Mississauga, Ont., which will eventually support some 1,100 jobs focused on mobility and the Internet of Things technologies.

But Trudeau declined to visit the potentially important research facility, though he did find the time, in January 2018, to visit several foreign tech juggernauts in Silicon Valley, including Amazon.com Inc. chief executive Jeff Bezos.

Canadian executives roundly consider such mild snubs from the Trudeau government to be a familiar occurrence, saying it points to Ottawa’s ready embrace of foreign tech companies at the expense of domestic firms, making it hard for scrappy young tech firms to find the attention and affordable workers they need to grow to commercial scale.

Rodrigues, the founder and chief executive of SOTI, is broadly supportive of Ottawa’s efforts to spur innovation, but said there is an instinctual, and often contradictory, support of Canadian companies’ multinational rivals that could have real consequences for the country’s broader economy.

Innovation Nation: What Canadian companies need to thrive in the cutthroat global ideas economy

How smart cities may be too smart for their own good

The secret sauce that’s made Montreal a global hot spot for making video games

Read all of the Innovation Nation series

“While this government has been bending over backward to bring multinational companies to Canada, Canadian companies have been expanding internationally,” Rodrigues said.

Varadkar’s visit certainly appears to have yielded fruit for both SOTI and Ireland. In August 2018, SOTI announced it would spend roughly $30 million to build a branch office in Galway that would employ 150 people. The company is mulling further expansions in the country as it grows.

    But industry insiders warn that the growth of multinational tech giants in Canada and the influence they wield over government policy, if left unchecked, could suffocate domestic firms on their home turf.

“It’s really these (Canadian) companies that are going to be the centre of the economy,” said Benjamin Bergen, executive director of the Council for Canadian Innovators (CCI). “If we don’t have big, successful tech companies, we’re going to find it hard to pay for the social programs that we as Canadians care about.”

CCI was founded in 2015 by Jim Balsillie, the former co-CEO of Research in Motion Ltd., which built BlackBerry into one of Canada’s few homegrown success stories. The council lobbies Ottawa to introduce policies it believes will allow the Canadian tech space to flourish, along with the roughly 100 executives it represents.

  Much of CCI’s concern revolves around intellectual property rights.

In an increasingly digital economy, where data points are like the new oil barrels, IP rights are the lifeblood of any tech company. But because of the borderless nature of IP, companies such as Amazon or Google LLC can develop software ideas at branch plants all over the world, then sell the resulting products from those ideas through their central headquarters — typically in the U.S.

That process has led to criticism of such branch plants in Canada, which allow U.S. companies to develop IP while providing Canada little in the way of tax benefits or local job creation.

“My opinion is that government doesn’t know how to properly attribute the value of intellectual property developed by Canadians, as opposed to foreign branch plants,” said Craig McLellan, founder of ThinkOn, a data management company.

CCI has also decried the recent opening of human resources companies such as MobSquad in Calgary and Terminal Inc. in Waterloo, Ont., saying they provide little long-term value to the domestic economy because they channel much-needed Canadian workers into roles at non-Canadian firms.

The grand opening in October of MobSquad, which hires local engineers and developers on behalf of clients based in Silicon Valley, was attended by Minster of Innovation, Science and Economic Development Navdeep Bains, who has been central to Ottawa’s innovation efforts since 2015.

Bains appears to have aspirations to help build the next billion-dollar tech company in Canada. According to documents obtained by The Logic, an online news outlet, Ottawa believes it can create 10 technology companies worth more than $1 billion over the next 10 years, assuming the right policies are introduced.

McLellan and other executives appreciate the government’s newfound focus on technology under Bains and Trudeau, but say they have yet to see the necessary attention paid toward local companies.

As an example, McLellan points to a procurement bid opened in August 2018 by the federal IT agency Shared Services Canada (SSC), which was looking for private companies to consolidate a number of public data centres across the country.

As part of the bid, however, Ottawa stipulated that the firms had to have completed at least five prior data transfer jobs worth $10 million or more, ruling out virtually every Canadian tech firm, favouring multinationals such as IBM Corp. and Microsoft Corp.

Finding enough talent is another issue Canadian companies say they have, though foreign tech giants have strained the labour pool across the globe, not just in Toronto and Vancouver, said David Ticoll, fellow at the University of Toronto’s Munk School of Global Affairs and Public Policy.

“If you go to Silicon Valley, you’ll hear mid-size companies complaining about exactly the same issue, which is that the mega players are hiring all the best talent in these advanced fields,” he said.

Ticoll, like others, stresses that the problem is not new, but it’s difficult for Canadian policymakers to solve: neglecting to embrace multinational firms would make Ottawa seem closed to foreign investment, while letting them in threatens to put a damper on local industry.

CCI said Canada could begin to address the problem by barring foreign tech companies from accessing the Scientific Research and Experimental Development (SR&ED) Program, a tax credit that allows companies to write off R&D expenses. Currently Ottawa dishes out roughly $3 billion a year to cover such writeoffs.

  In Ottawa, opposition MPs have a darker theory. Some say the problem is at least partly a result of the Trudeau government’s cozy relationship with lobbyists who represent foreign tech firms, which has benefited firms such as Facebook Inc. and Google.

For example, John Brodhead, a former chief of staff to Liberal ministers Amarjeet Sohi and Jane Philpott, left the party in April 2018 for a senior position at Sidewalk Labs, Google’s ambitious plan to build a digitally-connected urban space on Toronto’s waterfront.

The federal government, along with its partners, is one of the owners of the site where the project will be built. Brodhead played a key role in crafting Liberal infrastructure policy when Sohi was overseeing the file, which includes expanding digital infrastructure in Canada.

  Similarly, Leslie Church, now chief of staff to Minister of Women and Gender Equality Maryam Monsef, came from a senior position at Google Canada in 2015. Before her role at Google, she had worked as an adviser to Liberal leader Michael Ignatieff. And Kevin Chan, formerly a policy director for Ignatieff, is now a senior executive at Facebook Canada.

“They have been so embedded with this Liberal government that decisions have been made that I don’t think are in the interests of Canadians, but are very much to the advantage of the data-opolies,” NDP MP Charlie Angus said.

“I think with this government, it was a belief that by being seen hanging with Google, hanging with Facebook, with Amazon, it would give them cachet. That might have been true in 2008, but I think it’s really out of place in 2018.”

On the other hand, policymakers around the world, not just Canada, are increasingly willing to attract companies any way they can.

For example, the Irish prime minister’s visit to SOTI’s facilities was part of a larger years-long effort to attract foreign tech firms to the country, often through a series of tailored government supports, consultancy services and tax breaks.

Tech companies have taken notice. Ireland has lured a number of sizeable players in recent years, including Facebook, which recently announced it would be expanding its Dublin headquarters and doubling current staff to around 8,000.

Rodrigues said that even a small gesture by government can have an outsized impact on a medium-sized firm such as SOTI, particularly as governments from Israel to Chile are aggressively picking off the most promising young startups.

“It’s an incredible honour to have the head of a country visit your operations, show an interest in your company, and talk to you one-on-one about the kinds of policies and supports he can offer you,” he said. “I don’t want to leave Canada, this is where I want to grow my company. But it’s hard when all these countries are throwing incentives in your face.”

• Email: jsnyder@nationalpost.com | Twitter: jesse_snyder

from Financial Post http://bit.ly/2Ge2WXv via IFTTT Blogger Mortgage Tumblr Mortgage Evernote Mortgage Wordpress Mortgage href="https://www.diigo.com/user/gelsi11">Diigo Mortgage

[txks04a-blog-blog]

‘Canadian style’ innovation strategy has to stop being nice and start picking winners

New Post has been published on http://dougsays.net/2018/11/15/canadian-style-innovation-strategy-has-to-stop-being-nice-and-start-picking-winners/

‘Canadian style’ innovation strategy has to stop being nice and start picking winners

Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The FP set out explore what is needed for businesses to flourish and grow. Over the next three months, we’ll talk to some of the innovators, visionaries and scientists on the cutting edge of the new cutthroat economy about a blueprint for Canadian success. You can find all of our coverage here.

OTTAWA — Oilmen often fancy themselves as self-reliant innovators, never in need of government handouts. But it was a Crown corporation, the Alberta Oil Sands Technology and Research Authority, that rode to its rescue in the 1970s with funding for steam-assisted gravity drainage technology, which eventually unlocked a new wave of growth in the oilpatch.

SAGD revived the sputtering industry, and is now expected to drive growth in the oilsands.

“Without it there wouldn’t have been an oilsands industry in Alberta,” said Dan Breznitz, professor and Munk Chair of Innovation Studies.

AOSTRA was seen as a template for how government-funded innovation ought to work: a temporary program crafted to meet private sector needs, and singularly focused on achieving one goal. But fast forward nearly 50 years, and it seems Canadian policymakers have taken few lessons from the program.

Despite spending piles of money on research and development in recent years, Canada’s innovation space remains a messy tangle of government grant programs, tax credits and the newly-minted “supercluster” initiative, often with sprawling and ill-defined goals. Business investment in R&D, meanwhile, has stagnated. Many Canadian business leaders are calling for a reset.

Business sector spending on research and development has been in steady decline since 2001, falling from 1.2 per cent of GDP down to 0.9 per cent in 2015, well below a 16-country average of 1.7 per cent, according to the Conference Board of Canada. That decline has come despite a steady rise in R&D spending in the public sector, particularly by higher education institutions, which has outpaced spending in other developed nations.

  Anthony Lacavera, founder of Globalive Holdings, a Toronto-based investment firm, and of WIND Mobile, has written a book about the pitfalls of Canada’s innovation policy.

Tyler Anderson/National Post

“We spread around incentives like peanut butter — evenly — and that has a very negative set out of outcomes associated with it,” said Anthony Lacavera, founder of Globalive Holdings, a Toronto-based investment firm, and of WIND Mobile. WIND began as a startup telecommunications firm that Lacavera later sold for $1.6 billion to Shaw Communications.

In his book ‘How We Can Win: And What Happens to Us and Our Country If We Don’t’, a study of Canadian innovation policy, Lacavera points to the various pitfalls that have hindered innovative Canadian companies from growing into multinational “anchor” firms.

“Business is about winners, and we need in Canada to start recognizing that we need to pick winners, and we need to help our companies become global success stories,” he said.

Lacavera is advocating a return to an older form of innovation policy that focuses more on companies or specific areas rather than laboratories, and making bigger bets on fewer innovative firms. In short, that would mean taking a far less egalitarian, or perhaps “Canadian,” approach to innovation.

“Structurally, we are trying to excel in too many digital and knowledge economy areas,” Lacavera said. “It’s the Canadian style — spread it around, give everyone a shot. And then no one wins.”

Experts have long called for an overhaul that could simplify Canadian innovation policy, starting with a streamlining of the various programs aimed at supporting promising companies. Ottawa went at least part way toward that goal in its 2018 budget, after promising to whittle down the total number of federal grant programs from 92 to around 35.

Lacavera points to the Scientific Research and Experimental Development (SR&ED) tax credit as an area ripe for improvement. The tax credit dishes out more than $3 billion every year to reimburse research and development spending for thousands of companies, either at 15 per cent or 35 per cent.

But the program has been criticized for being geared too specifically towards smaller companies, effectively incentivizing laggard companies to remain small, even as they enjoy subsidies year after year. The issue has become so prevalent that the program has long been called the “Walking SRED” in some business circles, a nod to the zombie TV series Walking Dead.

“You have companies that really should have already failed, or should have already been consolidated, or are really never going to get to scale, just sort of walking around,” Lacavera said.

Innovation programs can also add an administrative burden for entrepreneurs.

Wealthsimple CEO Michael Katchen says the government has been supportive, but the paperwork is daunting.

Peter J. Thompson/National Post

Michael Katchen, the co-founder and CEO of Wealthsimple Financial Inc., raised around $1 million through government programs in the early days of his company, from both the Industrial Research Assistance Program (IRAP), a long-standing federal program aimed at small and medium-sized companies, and The Federal Economic Development Agency for Southern Ontario, which offers early-stage loans to firms.

Katchen said the process was administratively intensive, forcing the small firm to hire a consultant just to assist with the mounds of paperwork. What’s more, the application process for FedDev effectively repeated the due diligence already carried out by Impression Ventures, a Toronto-based venture capital firm that invested $1.9 million in Wealthsimple in September 2014.

“The most bizarre part of it was I had just raised $1.9 million from really sophisticated investors, and I had to start from scratch on an even more arduous process, this time from a much less sophisticated government agency,” Katchen said.

Still business owners are also quick to defend Ottawa’s innovation efforts under Navdeep Bains, the minister of Innovation, Science and Economic Development.

“In general the current government has been very supportive,” Katchen said, but added that in meetings with Bains he has suggested Canada needs to be more ambitious in attracting talent and innovative companies. “We can’t match dollar for dollar investments that other bigger countries are making, so we need to pick our spots and really double down.”

Prime Minister Justin Trudeau made innovation a central part of his mandate in 2016, underpinned by a new initiative to create several innovation superclusters that he hopes will create the the next technological breakthrough.

Those policy efforts were then bulked up again in the 2017 budget when Ottawa raised spending on university research and development.

Navdeep Bains, the minister of Innovation, Science and Economic Development.

Canadian Press/Sean Kilpatrick

Even so, critics argue the $950-million superclusters program is ultimately a drop in the bucket when considering it is spread across five different groups, encapsulating everything from protein-rich potatoes to marine sensors that track animal activity.

“It’s what you would call an accounting error if you look at the overall budget,” Munk’s Breznitz said.

Breznitz suggests Canada should instead unleash its capital from various government programs and funnel it directly into a few select sectors where Canada has demonstrated potential: artificial intelligence, stem cell research, autonomous car manufacturing or financial services, to name a few. Most importantly, he says, the funding should go directly toward technologies that can be sold on the market, rather than focusing on tests in the laboratory.

“Where the federal government should be focusing is on what needs to be done to move more Canadian companies towards R&D — full stop,” Breznitz said. “Instead, any time there’s a hot new trend, something new and shiny, we spend a lot of money on it. And we spend almost no time looking at how to turn this into an industry.”

Such solutions come with their own set of challenges, however. By loosening  government controls over how capital is spent, and by funnelling capital more directly into companies and technologies, Ottawa runs the risk of throwing billions of dollars at abject failures.

Indeed, Jack Mintz, fellow at the University of Calgary’s School of Public Policy, is wary of government-directed innovation that can be subject to the vagaries of politics.

“Governments are not great at picking winners, but losers are great at picking governments,” he said.

Take, for example, Ottawa’s recent decision to use its Strategic Innovation Fund (SIF) to pay out $250 million in reimbursements for steel and aluminum producers hurt by U.S. President Donald Trump’s trade tariffs.

But observers argue that direct programs are nonetheless preferable to the more passive, and widespread, tax credit system. A 2011 report by Tom Jenkins, now the chair of the National Research Council of Canada, recommended Ottawa scrap much of its tax credits for corporations in favour of higher direct spending on innovation.

It’s an approach that even skeptics are warming up to.

“I’ve been leaning more towards grants these days,” said Mintz. “The one criticism of a grant rather than a tax credit is it can be used politically. But I think if it’s administered well, it can certainly be subjected to far less political intervention.”

The way forward for Canada then, is perhaps to embrace a policy that is much bolder than its current form. The right government program helped usher in the second wave of oilsands development in northern Alberta. Similar breakthroughs are crucial, especially if Canada wants to be front and centre of the next industrial shift.

“In Canada we do two things that employ every single person: we pull resources out of the ground and we finance that activity,” Wealthsimple’s Katchen said. “That’s our economy in a nutshell. Twenty years from now that will not be true—or if it’s true, we’re in trouble.”

***

A SHORT LIST OF INNOVATION-INDUCING PROGRAMS Canada has a long list of government grant programs and tax credits available to innovative—or even not-so-innovative—businesses. That list could soon get a lot shorter after Ottawa announced in its 2018 budget it would streamline the number of existing federal grant programs from 92 down to around 35. Here is a brief rundown of some of the most prominent programs.

Scientific Research and Experimental Development (SR&ED): A tax credit program that effectively reimburses Canadian businesses for investments in research and development. It is administered by the Canada Revenue Agency. Companies can claim input tax credits (ITCs) at either 15 per cent or 35 per cent, depending on the company and size of investment.

Industrial Research Assistance Program (IRAP): A program aimed at scaling up innovations in small and medium sized companies. IRAP is one of the oldest programs in Canada, founded shortly after the Second World War. Contributions come in the form of anything from consultations to financing for innovation. It is administered by the Canadian Research Council of Canada, and is widely considered one of the most effective programs of its kind.

Canada Small Business Financing Program (CSBFP): A program that offers loans to businesses with gross revenues of $10 million or less. Loans can be a maximum of $1 million.

Southern Ontario Fund for Investment in Innovation (SOFII): A federal initiative that offers loans to companies in southwestern Ontario. Loans range from $150,000 to $500,000, and are geared toward helping small and medium-sized companies scale up technologies. It is supported through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

Strategic Innovation Fund (SIF): A fund focused on “encouraging R&D”, attracting investments, facilitating growth and advancing industrial research. The fund will spend $1.26 billion over five years (ending in 2023) in both repayable and non-repayable contributions to companies and post-secondary institutions.

Sustainable Development Technology Canada (SDTC): An agency focused on developing clean technologies. SDTC oversees two separate funds. One is the SD Tech Fund, totalling $550 million, which provides money to pre-commercial clean technology projects aimed at greening air, water and soil. The other is the NextGen Biofuels Fund, totalling $500 million, which is aimed at developing renewable fuels through private equity financings. The fund is currently being wound down.

• Email: jsnyder@nationalpost.com | Twitter: jesse_snyder

[postsify]

Funding Sr ed Credits – Arrive at Performing Cash by SR&ED Discounting

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[artificial-intelligence-related]

Software Development Companies in Canada: Pioneering the Digital Frontier

Canada has emerged as a global leader in the tech industry, with its vibrant ecosystem of software development companies driving innovation and growth. Software development companies in Canada are at the forefront of developing cutting-edge technologies, providing a wide range of services from custom software solutions to mobile app development, and playing a crucial role in the digital transformation of various industries.

The Canadian Software Development Scene

Canada’s software development industry is thriving, thanks to a combination of a highly skilled workforce, supportive government policies, and a strong focus on research and development. Cities like Toronto, Vancouver, Montreal, and Calgary host numerous software development companies that cater to both local and international clients. These companies range from large multinational corporations to dynamic startups, all contributing to the country’s reputation as a tech hub.

Noteworthy Canadian Software Development Companies

Several Canadian software development companies have gained international recognition for their expertise and innovative solutions. Here are a few that stand out:

Shopify: Based in Ottawa, Shopify is a leading e-commerce platform that helps businesses create and manage online stores. Shopify’s success story exemplifies the innovation and entrepreneurial spirit thriving in Canada.

Blackberry: Once a dominant player in the mobile phone market, Blackberry has reinvented itself as a software company focusing on cybersecurity and Internet of Things (IoT) solutions. Its transformation showcases the adaptability and forward-thinking nature of Canadian tech companies.

CGI Group: Headquartered in Montreal, CGI is one of the world’s largest IT and business consulting services firms. It offers a wide range of services, including systems integration, consulting, and outsourcing, to clients across various industries.

Hootsuite: This Vancouver-based company provides a widely-used social media management platform, helping businesses streamline their social media strategies and enhance their online presence.

The Role of Innovation and Research

Innovation is a key driver for software development companies in Canada. Many of these companies invest heavily in research and development (R&D) to stay ahead of the curve. Canadian universities and research institutions also play a significant role in fostering innovation, often collaborating with tech companies to advance technology and develop new solutions.

Government initiatives and funding programs further support this innovative ecosystem. Programs such as the Scientific Research and Experimental Development (SR&ED) tax incentive offer financial benefits to companies engaging in R&D activities, encouraging them to invest in new technologies and processes.

A Rich Talent Pool

Canada’s diverse and highly educated workforce is another critical factor contributing to the success of its software development industry. The country’s universities and colleges produce a steady stream of graduates in computer science, engineering, and related fields. Additionally, Canada’s immigration policies are designed to attract skilled workers from around the world, further bolstering the talent pool available to software development companies.

Facing Challenges and Seizing Opportunities

Despite its strengths, the software development industry in Canada faces several challenges. These include intense global competition, the need for continuous innovation, and growing concerns around cybersecurity and data privacy. However, these challenges also present opportunities for growth and differentiation.

Canadian software development companies are increasingly focusing on emerging technologies such as artificial intelligence (AI), blockchain, and IoT to maintain their competitive edge. By leveraging these technologies, they can develop innovative solutions that meet the evolving needs of their clients and stay ahead in the global market.

Conclusion

Software development companies in Canada are playing a pivotal role in shaping the digital future. With a strong emphasis on innovation, a talented workforce, and supportive government policies, Canada is well-positioned to continue its growth as a leading player in the global tech industry. As these companies push the boundaries of technology, they are not only driving economic growth but also transforming the way businesses operate and deliver value to their customers. The future looks promising for software development in Canada, with endless possibilities for innovation and success.