Government programs supporting business: Select Ontario or Canada
| Ontario | Canada |
The Province of Ontario offers many financial assistance and incentive programs to assist business. A selection of programs of interest to research-intensive businesses can be found below. Please note that the content on these pages has been provided by the Ontario Ministry of Economic Development.
| Selected Programs for Business offered by the Government of Ontario |
| Ontario Emerging Technologies Fund: Are you an Ontario-based firm in the emerging technology sector? If so, you may be able to access up to a maximum of $25 million for your business
Ontario Innovation Demonstration Fund: You may qualify for a grant of up to $4 million to help commercialize your innovative green technologies, processes and/or products in Ontario Ontario Centres of Excellence: Contact these centres of excellence for help with industrial research and development, commercialization of technology, and access to knowledge from industry and academic communities in Ontario. Ontario Centres of Excellence Commercialization Programs: Looking for bridge financing to help move your research results to a marketable product or service? The Ontario Centres of Excellence Commercialization Program can help. Ontario's Environmental Sector Innovation Network: Ontario's Environmental Sector Innovation Network has a full range of services for businesses looking to commercialize new environmental, energy and clean technologies. Ontario Innovation Tax Credit: If you are an Ontario-based corporation, you may be able to claim a 10% tax credit for scientific research and experimental development carried out in Ontario. Ontario Business Research Institute Tax Credit: Your corporation could be eligible for a 20% tax credit for scientific research and experimental development (SR&ED) performed through an eligible research institute. Computer Animation and Special Effects Tax Credit (OCASE) - Ontario: Ontario tax credits for computer animation and special effect activities in film or TV productions. |
| ecoEnergy for Renewable Heat: Financial assistance to increase the use of renewable thermal energy and develop capacity in the renewable thermal energy industry. |
| Interactive Digital Media Tax Credit - Ontario: Ontario refundable tax credit for labour, marketing and distribution expenditures for the creation of interactive digital media products. |
| MaRS Discovery District (MaRS): World-class research and business incubation facilities in biomedical innovation and commercialization. |
| Ontario Business Research Institute Tax Credit (OBRITC): A refundable tax credit program for qualifying corporations incurring qualified expenditures in respect of SR&ED under an eligible contract with an eligible ERI. |
| Ontario Centres of Excellence: 6 sector-based centres and various programs to strengthen research linkages between academia and industry. |
| Ontario Innovation Demonstration Fund: Non-interest bearing repayable or forgivable loans; royalty agreements and equity participation to help commercialize innovative technologies. |
| Ontario Research Fund - Ontario Ministry of Research and Innovation: Supports the operational costs (direct and indirect) and the capital costs of research of Ontario's research community. |
| Ontario Retail Sales Tax Exemption on R&D and Manufacturing Equipment - Ontario Ministry of Revenue: Exemption from the Ontario Retail Sales Tax Act for equipment used primarily in manufacturing exclusively for R&D, or in non-profit medical research facilities for medical research and investigation. |
| Ontario Solar Thermal Heating Incentive (OSTHI) : Financial assistance for Industrial, Commercial and Institutional (ICI) organizations to increase the use of renewable energy; and develop capacity in Ontario's solar thermal industry. |
| Scientific Research and Experimental Development Expenditures (SR&ED) - Ontario: A deduction in respect of Ontario research and development. |
© 2011 Toronto Region Research Alliance