Organization: Business Development Bank of Canada

The Short Report – Feb. 2, 2022: Canadian cleantech companies make Top 100 global list, major VC funds launched by MaRS and Deloitte Canada, regional tech ecosystems see record investment, and more

GOVERNMENT NEWS Environment and Climate Change Canada has opened the second round of applications for $200 million in funding for climate action initiatives through the Low Carbon Economy Fund “Champions” funding stream. Applicants can request between $1 million to $25 million for eligible project expenditures. Since being launched in 2018, the Low Carbon Economy Challenge…

The Short Report – Jan. 12, 2022: Chair and vice chairs elected for standing committee on science, Order of Canada appointments, Health Canada’s 2021 cannabis survey, and more

OTTAWA Transport Canada has released updated guidelines for testing automated driving systems (ADS), which will apply to any organization conducting R&D trials of vehicles equipped with ADS. The guidelines are meant to clarify the roles and responsibilities of federal, provincial/territorial and municipal governments as they relate to trial organizations and to establish a baseline of…

Court ruling on aerospace R&D tax credit case affects entire tech sector

A Tax Court of Canada ruling that reduced a Montreal aerospace company’s federal Scientific Research and Experimental Development tax credits impacts the entire tech sector and further complicates a government incentive program already rife with problems and in need of reform, say innovation advocates.

Government ‘can and should pick winners’ to grow scale-up companies, says federal advisor

In a recent report for the Brookfield Institute for Innovation + Entrepreneurship, Sheldon Levy, special advisor to the federal minister of small business and export promotion, argued that government should identify and support select firms with high potential to become global competitors. “There are many countries that have to pick their laneway and can’t be the best at everything all the time,” Levy told Research Money.