Innovative Solutions Canada Program Boosts Startups

By Water Canada 07:46AM December 14, 2017



Read Later

Navdeep Bains, Minister of Innovation, Science and Economic Development, and Bardish Chagger, Minister of Small Business and Tourism are set to announce a new initiative today geared to help Canadian small businesses bring innovative solutions to market.

The Globe and Mail reported that the Innovative Solutions Canada program will require 20 federal departments to set aside one per cent of their research and development budget, amounting to $100 million annually, for Canadian technologies. The new program is modelled after the U.S. Small Business Innovation Research (SBIR) program.  In the U.S., the SBIR has been used to purchase water technologies such as desalination systems for small communities, in-situ polymer coatings for water pipeline retrofitting, and smart irrigation sensors.

The Canadian Advanced Technology Alliance, an innovation lobby group, commented on the Innovative Solutions Canada program when the federal announced it in the budget brought down on March 22, 2017.

At that time, CATA CEO, John Reid said, “Ideally, we would like to see more features that fully parallel the SBIR, which the budget cites as a procurement model for Canada.”

He added, “ The SBIR, created four decades ago, features multiple phases of government funding without the need for separately raised funds to match as well as  percentage set asides for government purchases.  Countries such as the United Kingdom, Australia, Japan and Sweden have modelled similar programs after the United States’ approach.”

The Government of Canada is expected to release the details of the new program at noon today. The Globe and Mail obtained an advance copy of the news release.

Suggested News Articles

News, Western CanadaOct. 25, 2018
Read Later

Manitoba Undertakes Procurement Modernization

Manitoba has announced the implementation of its procurement modernization strategy. The announcement was made by Finance Minister Scott Fielding that PricewaterhouseCoopers Canada (PwC) will assist the provincial government in developing…
National, NewsSep. 21, 2018
Read Later

Canada Incentivizes Small Business Innovation to Combat Plastic Pollution

The federal government is leveraging procurement to drive sustainable innovation in Canada’s small businesses to help tackle plastic pollution. Through the Innovative Solutions Canada program, government departments are inviting small…
News, Western CanadaAug. 15, 2018
Read Later

Vancouver Accelerator Centre Appoints New Director

Foresight Cleantech Accelerator Centre announced that Jeanette Jackson has been appointed as its new managing director. Ms. Jackson will be responsible for strategic and operational oversight of Foresight’s staff and…