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.
Want to invest in companies that are good for the planet but also good for the bottom line? Look no further than Nordis Capital, a Montreal-based investment firm that aims to invest in companies...more
Nigeria has become the 16th country to sign an agreement with the Fund for Export Development in Africa, a multilateral bank that aims to boost African exports. The bank's president, Benedict...more
It's that time of year again: time for investors to look back at the last presidential election and see if there's any correlation between it and the performance of the stock market. A Bloomberg...more
Kinara Capital, an Indian startup that offers short-term, unsecured loans to small and medium businesses, has just received $24.4 million in debt funding, the Times of India reports. The funding...more
Foundation: Kellogg Foundation
For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more
When it comes to environmental, social, and governance (ESG) issues, many investors are looking to invest in companies that have a positive social or environmental impact. But when it comes to...more
"To differentiate and compete, you really have to pay attention to technology," says Chat Reynders, CEO of Reynders, McVeigh Capital Management. "It was becoming clear to me that our tech wasn't...more
"Take a jigsaw puzzle of our planet, an amazing planet, and you'll have amazing pieces to fit there. Rivers, oceans, land, people, 8 million species, and they all exist in perfect harmony," says...more
Craig Lewis used to be a pro basketball player. Now he's a tech entrepreneur. Lewis founded Gig Wage, a company that helps workers earn extra money by using facial recognition technology, and...more
There's a huge market for solar power in India, and it's thanks in large part to government incentives, reports the Wall Street Journal. In fact, the country had just one megawatt-hour of solar...more
Social Entrepreneurship
Spotlight
Influencing Social Good Through Retail
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.
