Federal Government Support
Canadian Government Support to Small and Medium Sized Enterprises (SMEs)
The Government of Canada places significant value on the life sciences, and has been pursuing a number of initiatives to maintain and grow this thriving sector in the areas of financing for small firms, research, commercialization of research, measures to encourage investment attraction and intellectual property.
Recent measures include:
- Healthcare Fund
An injection of 400 million for venture capital initiatives (including topping up two important funds in the life sciences);
- NRC-IRAP's Canadian HIV Technology Development Program (CHTD) and Biologics program
More targeted, sector specific research-industry investments by the National Research Council (such as in vaccines and biologics);
- Canada Accelerator and Incubator Program (CAIP)
$160 million for incubators and accelerators;
- Genome Canada
A new research-industry partnership program;
- Networks of Centres of Excellence of Canada
Renewed investments in many of the National Centres of Excellence (such as the Centre for Drug Research and Discovery in Vancouver, MaRS Innovation in Toronto, and the Quebec Consortium for Drug Development in Montreal);
- Scientific Research and Experimental Development (SR&ED) tax credit program
reforms to better target the Scientific Research and Experimental Development (SR&ED) tax credit program, the largest source of government support for biopharmaceutical SME research and development, at SMEs;
- Tax Relief for New Manufacturing Machinery and Equipment
$1.4 billion for a two-year extension of the temporary accelerated capital cost allowance for new investments in machinery and equipment in 2014 and 2015;
- Advanced Manufacturing Fund
A $200 million fund to encourage the establishment of innovative, first-in-class facilities in Canada (the Advanced Manufacturing Fund), which could have strong application in the life sciences; and,
- A commitment to reform intellectual property arising from trade negotiations (such as the introduction of patent term restoration and instituting a more fair right to appeal system).
The Government has also been pursuing efforts to improve Canada’s business environment, including through regulatory modernization at Health Canada and through a number of initiatives to improve the broader clinical trials environment. These combined efforts will strengthen Canada’s global competitiveness, as well as highlight partnership opportunities.
Programs and Initiatives Targeted at Industry
- Scientific Research and Experimental Development (SR&ED) Program
Administered by the Canada Revenue Agency, the SR&ED Tax Incentive Program is the largest single source of federal government support designed to encourage research and development in Canada. The program includes cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.
- Business Development Bank of Canada
BDC supports the creation and development of Canadian businesses through financing, subordinate financing, venture capital, consulting, and securitization, with a focus on small and medium-sized enterprises.
- National Research Council's Industrial Research Assistance Program
NRC-IRAP provides a range of technical and business-oriented advisory services, as well as financial support for small and medium-sized enterprises engaged in research and development of technological innovations. NRC-IRAP started delivering the Canadian HIV Technology Development Program (CHTD) as of April 1, 2011. The CHTD will contribute to global efforts to accelerate the development of safe, effective, affordable and globally accessible HIV vaccines.
- Canadian Innovation Commercialization Program
Launched in 2010, CICP uses procurement as a tool for innovation. The program aims to help Canadian companies, with a focus on SMEs, bridge the pre-commercialization gap.
Regional Economic Development Agencies and Organizations
- Atlantic Canada Opportunities Agency
ACOA is dedicated to the economic development of Atlantic Canada. It supports enterprise and community development, policy, advocacy and coordination. ACOA puts special emphasis on initiatives that encourage productivity, commercialization, competitiveness and skills development.
- Canada Economic Development for Quebec Regions
CED provides support to small and medium-sized enterprises and non-profit organizations in Quebec. Financial assistance involves repayable and non-repayable contributions through its various programs and initiatives.
- Federal Economic Development Agency for Southern Ontario
FedDev Ontario supports the competitiveness, innovation, and diversification of southern Ontario's economy by directing investments to businesses, not-for-profit organizations and communities; engaging in collaborative partnerships with key economic stakeholders; and advocating for the region's interests at the national level.
FedNor is the Government of Canada's regional development organization for Northern Ontario works with various partners to promote economic development, diversification and job creation and encourages sustainable, self-reliant communities in Northern Ontario.
- Western Economic Diversification Canada
WD works to improve the long-term economic competitiveness of the West by supporting initiatives that enhance innovation, business development and community economic development. Its annual allocation for grants and contributions supports a wide range of programs and is delivered in partnership with other levels of government.
Federal Granting Councils
- Canadian Institutes of Health Research
CIHR is the Government of Canada's agency responsible for funding health research in Canada supports nearly 14,100 researchers and trainees in universities, teaching hospitals and other health organizations and research centres in Canada. CIHR offers various funding opportunities directed to academic health researchers and students to facilitate the translation of knowledge and technology and support research collaboration between academia and industry. These funding opportunities include the Proof of Principle (POP) Programs and the Industry-Partnered Collaborative Research Programs.
- National Sciences and Engineering Research Council of Canada
NSERC supports basic university research through discovery grants, project research through partnerships among post-secondary institutions, governments and the private sector, as well as the advanced training of highly qualified people. Three NSERC programs, with applicability to the health research area, offer funding opportunities to facilitate the translation of knowledge and technology and support research collaboration between academia and industry. These funding opportunities include:
- Collaborative Research and Development Grants
- Department of National Defence/NSERC Research Partnership
- Idea to Innovation.
Other Federal Support to Large-Scale Research Projects and Research Infrastructure
- Genome Canada
Genome Canada is a not-for-profit organization with a mandate by the Government of Canada to implement a national strategy for supporting large-scale genomics and proteomics research projects. Together with its six genome centres and other partners, Genome Canada invests in and manages large-scale research projects in areas such as agriculture, environment, fisheries, forestry, health and new technology development.
- Canadian Foundation for Innovation
CFI aims to establish the nation's capacity to undertake world-class research and technology development. CFI's investments in state-of-the-art facilities and equipment, universities, colleges, research hospitals and non-profit research institutions enhance Canada's position in today's knowledge economy. Financial assistance involves funding up to 40 percent of a project's infrastructure costs which are invested in partnership with eligible institutions and their funding partners from the public, private and voluntary sectors.
- Networks of Centres of Excellence of Canada
The NCEs Program fosters multi-disciplinary, multi-sectoral partnerships between universities, industry, government and non-governmental organizations to conduct leading edge research in strategic areas and accelerate the commercialization of innovations. Three network programs have been established under the NCE Secretariat: the original Networks of Centres of Excellence (seven networks are biomedical-related); Centres of Excellence for the Commercialization of Research (eleven networks are biomedical-related); and Business-Led Networks of Centres of Excellence (one network is biomedical-related). In addition, the Industrial Research and Development Internship Program supports research internships contributing to a highly-skilled research and managerial talent pool in Canada.
- Date modified: