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Grants from government of Ontario

Author: Arran Addy
by Arran Addy
Posted: Apr 06, 2015

    It's always better to create jobs than to search for one. Many of the young entrepreneurs in Canada believe in that statement and they are dedicated to this idea of working for their own startup. But many of them have an idea for a startup but don't know where to start or whom to ask for help. Same is the case with people who don't have sufficient funds to opt for an institute to train or develop a skill, which will help them for their dream job. But nowadays, in many countries the government is helping people in need, by providing grants or funds and facilities to implement their innovation before they present it to the world and one such country is Canada. The government of Canada has taken a lot of steps in helping the people who are bounded by the money or other kind of support. Let’s take a look at some of them

    Non Re-payable funds to help companies

    One of the support provided by the government of Canada and Ontario is the "Grants Ontario". Grants Ontario is a Scheme which helps the entrepreneurs or organizations who are restricted to achieve the dream because of unavailability of funds. There are different government departments that provide this facility which include Ministry of Citizenship, Immigration and International Trade; Ministry of Tourism, Culture and Sport; and, the Accessibility Directorate of Ontario; and, selected grants from the Ministry of Aboriginal Affairs. These funds or grants are non-repayable so you don't need to worry about if anything goes wrong. You just need to work hard for that innovation which you have to offer to Canada and to rest of the world. There are workshops held and mentors who have been hired by the government to help startups and small companies.

    Funding lean manufacturing Training

    Government of Ontario and EMC in 2008 introduced funding for Lean training which helps manufacturers to become more efficient and stay competitive in the global economy. With this training, manufacturing companies in Ontario can adapt cost-effective ways to reduce wastage and manufacture high quality products. This step has been very useful for the manufacturing sector of Ontario and has taken the companies to the next level of competitiveness and innovation.

    Tourism development Fund

    In order to provide a boost to the Ontario's tourism industry and to enhance their economic competitiveness, Government of Ontario started to decide funding to tourism sectors that can contribute to the tourism industry of Ontario. The Tourism Development Fund supports projects that qualify three important Points: Investment in tourism, Developing high end tourism products and planned development.The Tourism Development Fund program provides funding to promote innovative and growing tourism sectors and encourage new tourism private sector which can add to Ontario’s overall economic.

    Ontario Research Fund

    Ministry of research and innovation Ontario has collaborated with India, Israel, China and other countries to help the researchers. Ontario has collaboration program with Israel called Ontario-Israel Collaboration Program and the funding amount is up to 50%. It's the same with India and china collaboration program. Ministry of research and innovation Ontario also provides funding for the organizations which deal with clean energy projects and also fund the researchers to build a team of people for their projects.

    Apart from these Schemes and projects Government of Ontario provide Grants for Training to women in skilled trades and information technology. After the training women are qualified for applying for high-demand skilled trade jobs. Also there are funds provided to train people and build a team of professionals to create a more supportive environment for women who experienced sexual violence.

  1. Kingsway Consulting is a leading consulting firm specializing in claiming Scientific Research and Experimental Product Development Ontario tax incentive program in Ontario

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Everyone during this world does not need to appear or feel aged rather look young and glowing. The terribly thought of aging could be a nightmare for all.

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Author: Arran Addy

Arran Addy

Member since: Feb 08, 2015
Published articles: 35

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