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Goodmans Publications

Financial Support for Technology Companies in Canada

August-31-2019

Lawyer Jarrett Freeman, Sheldon Freeman, Allan Goodman, Victor Liu, Michael Partridge
Area Technology

Summary

In 2017, the Government of Canada launched a multi-year Innovation and Skills Plan aimed at substantially redesigning the innovation policy landscape in Canada. The Plan features an updated microeconomic framework for supporting innovation and novel initiatives throughout Canada.

Along with continued support for technology companies, the Federal Government has placed an emphasis on partnerships, collaboration and the development of innovation ecosystems. The government seeks to support firms irrespective of size and scope, thereby helping them to scale, grow and export. This guide highlights the most significant programs and opportunities available to investors and entrepreneurs. See the Appendices to this guide for a more complete list of programs.

To the benefit of businesses, the programs are complementary and not exclusive. As such, a company can receive support from multiple programs simultaneously or as needed as the company moves through its development, commercialization and marketing stages.

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