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Government Grant for Clean Energy Manufacturing PDF  | Print |  E-mail

CLEAN ENERGY FIRM RECIEVES FUNDING FROM THE GOVERNMENT OF CANADA TO PRODUCE BIO-BASED LUBRICANTS AND FUELS

Kingston, ON, July 15th 2014

Altranex Corporation has entered into a Contribution Agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Canada’s premier innovation assistance program for small- and medium-sized enterprises (SMEs). The funding under the agreement will share the cost for Altranex to scale-up the production of Altranex’s Altra-HF™ shipping fuel and other products. The financial support is up to $200,000.

“The NRC-IRAP program has recognized the innovative approach that Altranex has taken to making the shipping and lubricants industries more sustainable.” said Chad Joshi, CEO of Altranex. “This funding moves the company along the path towards the production of commercial quantities of product.”

“In our first year with NRC-IRAP support we were able to attract a multinational oil company as a co-investor at a faster pace than our plan. Advisory services provided by the NRC-IRAP Industrial Technology Advisor assigned to the file on other government funding programs and her connections to other companies and contacts in the Cleantech sector have been valuable.”

Altranex Corp. is a Kingston, Ontario-based bio-chemicals company that develops and markets bio-lubricants and commercial transportation fuels.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

 
Government Small Business Loan for Music Manufacturer PDF  | Print |  E-mail

Funding for Nova Scotia Based Music Company

Sydney, NS - June 6th, 2014

Billdidit Inc. of Sydney, NS a company that designs and produces innovative products for the music industry, has received a $500,000 repayable contribution from the Government of Canada to help build a facility for the production of hardware and accessories for drummers.

Background:

Billdidit has extensive experience in product development, commercialization, manufacturing management and technical support. The company primarily develops and sells drum and percussion related equipment.

The company's products are used by amateur, recording and touring percussionists from around the world who perform with well-known artists of many musical genres.

They have developed products for domestic and international partners. They currently have four product patents and nine patents pending.

The new facility will focus on producing low to mid-volume products for Billdidit and Sabian Cymbals. It is expected to create 20 jobs immediately with the potential to add additional jobs as the facility ramps up production.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

 
2014 GOVERNMENT GRANTS FOR BUSINESS PDF  | Print |  E-mail

2014 GOVERNMENT GRANTS FOR BUSINESS

Ottawa, Ontario January 1st, 2014

2014 is upon us and many small businesses owners are looking to maximize their businesses growth for the coming year. Government Grants and Government secured Loans are two of the tools available to Canadian Businesses in order for them to take advantage of the various opportunities that may present themselves in this New year.

Depending on the industry that a business operates in, the first few months of the year can be busy or quiet. Regardless of wether a business has a seasonal high, or low in terms of activity at this time of year, it remains the optimal time to pursue funding for the upcoming year's ventures.

New programs are often introduced in January of every year. Many of the funding programs that have been announced over the previous year will come into effect at the beginning of a calendar year. A lesser known fact is that many government grants and government loans programs have a fixed annual budget that resets in sync with the calendar year.

These two facts combine to present a unique opportunity for Canadian business owners:

This is the best time of year to invest in your business with Government Grants and Government Loans.

As in previous years program funding may be available for the following business endeavours:

  • Starting a new business
  • Expanding an existing business
  • Investing in capital expenditures (equipment etc.)
  • Making improvements to existing company facilities (lease hold improvements)
  • Purchasing real-estate for business purposes
  • Investing in skills training for staff
  • Employment and hiring subsidies for new workers
  • Agricultural subsidies
  • Manufacturing subsidies
  • Assistance for export related business endeavours
  • Tax credits and direct subsidies for business research (product or processes)
  • Various other purposes

In order to make sure that a business qualifies, the business need simply follow the following rule to sucess with government funding:

Apply Early. Apply Often.

Business owners and individuals who are starting a new business that wish to take advantage of the most up to date information are encouraged to contact Canadian Grants Business Center directly at: 1-888-231-00751-888-231-0075.

The recommendation remains the same for 2014 as it was in past years:

Canadian Businesses that want to succeed in an increasingly competitive international and local market place need to take advantage of all the opportunities available to them. This can often mean accessing that latest Government Grants and Loans for Canadian Business.

TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR BUSINESS, BUSINESS GRANTS, BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

 
Government Small Business Loan for Micro-Brewery PDF  | Print |  E-mail

FUNDING FOR QUEBEC MANUFACTURING BUSINESS

Joliette, Quebec - November 2013

Micro-Brasserie L'Alchimiste has been granted financial assistance as government funding for the purchase of updated brewing equipment for their plant in Quebec.

Micro-Brasserie L'Alchimiste produces beers for general consumers, specialty craft beers and private-label beers for distribution all across Quebec. The business, has grown considerably since its establishment in 2001and is at the stage where it needs to modernize its equipment in order to continue growing.

The funded project involves the installation of fermenters, a conditioning tank and packaging and handling equipment for the brewery. The plant also intends to automate part of the production line, increasing productivity and improving capacity.

The Government of Canada believes economic prosperity is achieved through investments like the one Micro-Brasserie L'Alchimiste is making to raise its production capacity and competitiveness," said a government spokesperson.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

 
VENTURE CAPITAL IN SOUTHERN ONTARIO PDF  | Print |  E-mail

GOVERNMENT OF CANADA FUNDING VENTURE CAPITAL SERVICE

Niagara Falls, Ontario - November 2013

Providing government grants and government secured loans is only 1 of the many ways that the Government of Canada encourages and supports Canadian businesses.

One of the most important functions of the Government in business financing opportunities for small business is in encouraging venture capital investments in business start-ups.

To this effect the Canadian Government is renewing it’s commitment to venture capital and angel investor development through increased funding of The Niagara Angel Network. Thanks to this $100,000 investment, The Niagara Angel Network will be able to connect more angel investors with promising new start-up businesses across the Niagara region. The investment is being provided through FedDev Ontario's Investing in Business Innovation (IBI) initiative.

The Niagara Angel Network is a not-for-profit angel network located in Niagara-on-the-Lake, and is part of the Ontario Network of Angel Organizations. This new investment permits the Angel Network to expand its base of active angel investors to respond to the funding needs of business start-ups.

In 2011, the Niagara Angel Network received $50,000 through the IBI initiative to expand its angel investor base through investment attraction activities. This financial support led to increased membership in the Network, and an increased availability of capital in the Niagara Region.

"This funding has helped our Angel investor group exceed $3 million worth of investments while leveraging an additional $10.8 million from other sources of funding," according to Terry Mactaggart, Chairman for Niagara Angel Network. "With the Government of Canada's support, the Niagara Angel Network is helping to build the next generation of companies in Niagara and beyond."

FedDev Ontario supports the southern Ontario economy by creating opportunities for jobs and economic growth. The Investing in Business Innovation initiative is part of FedDev Ontario's Southern Ontario Advantage initiatives. Over $420 million in funding has been committed to date. More than 240 projects have received funding under the Southern Ontario Advantage initiatives, resulting in partnerships with more than 5,000 organizations, and over $1.2 billion in additional leveraged investments from various sources.

TAGS: VENTURE CAPITAL, FUNDING FOR BUSINESS, ONTARIO VENTURE CAPITAL, ONTARIO  LOANS, ONTARIO BUSINESS FUNDING, GOVERNMENT FUNDING, BUSINESS NEWS, CANADIAN GOVERNMENT NEWS, ONTARIO NEWS

 
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