Home
About Us
"Invention is not enough."
That's the message from Canada's government, which is hoping to change that with the creation of a $1 billion Canadian Innovation and Investment Agency that it says will help businesses grow and create jobs, the Guardian reports.
According to the country's 2022 budget, Canada's business R&D spending is the lowest in the G7 (the US, UK, Japan, Germany, Italy, and Canada), and it's fallen by a third over the past 20 years.
"Canadians and Canadian companies need to take their new ideas and new technologies and turn them into new products, services, and growing businesses," the budget states.
The new agency, which will be modeled on innovation agencies in Israel and Finland, will be "operationally independent" but will still be "accountable" to the government, a Department of Finance spokesperson tells the Guardian.
The budget states the agency will help small and medium-sized Canadian businesses that lack the funds to bring new products to market.
The budget also states the government will consider adopting a "patent box" tax system, in which patents will be taxed at a lower rate than in the US and EU, the CBC reports.
Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
When Tony's Chocolonely's, a Dutch chocolate maker, was sold to a Belgian investment firm last year, the company introduced a "golden vote" to make sure the sale didn't violate the firm's impact...more
Environmental, social, and governance (ESG) experts are out with a list of the world's best and worst companies when it comes to investing in climate change. Here are the top 10, based on ESG's...more
One of the world's largest law firms has been named as one of the best in the world for its work in the area of impact investing. Inbar magazine has named Morgan Lewis as one of the top 50 impact...more
It's been more than five years since Russia invaded and occupied Ukraine, but the country is still struggling to rebuild and attract foreign investment. The Financial Times takes a look at the...more
Swiss impact investment firm Blue Earth Capital has invested more than $16 million in an Indian company that aims to help small farmers cope with climate change, the BBC reports. The investment...more
"We believe in the transformative power of AI and its potential to create positive change," says Anita Whitehead, head of impact at audit, tax, and advisory firm KPMG, which this week announced an...more
When it comes to environmental, social, and governance (ESG) considerations when investing, Malaysia is at the top of the list, according to Digital Edge Malaysia. And that's not just because the...more
Three women from Australia's Indian community have been named in the country's Order of Australia for their contributions to society. Harinder Kaur, 29,Niharika Hiremath, 29, and Sakshi Thakur,...more
Pritika Mehta, an Indian-American entrepreneur who holds a master's in artificial intelligence from the State University of New York, is "shaping the pathway for Indian startups looking to plunge...more
"San Francisco is about the same size as my hometown, Chandigarh," Pritika Mehta tells Hindustan Times. "But this small city has changed the world.... The kind of conversations that happen...more
Social Entrepreneurship
Spotlight
Social Entrepreneurs to Get Free WiFi Access
iPass, a telecommunications provider, will give free internet access to 100 non-government organizations (NGOs) for a year as they work in dangerous countries to help its poor and underserved populations.
