Companies developing new products and innovations in the Health sector may be eligible for incentives such as research and development funding and academic partnerships.
Mitacs connects companies with highly-skilled graduate students and post-doctoral fellows through research projects which address a key business or technology challenge faced by the company.
Tax Credit for Scientific Research and Experimental Development (SR&ED) are available up to 35% on expenses related to to experimental development, applied research, basic scientific research and certain types of technical support work.
National Research Council (NRC) Industrial Research Assistance Program (IRAP) program provides Health SMEs with technical assistance, financing and business advice that mean the difference between success and failure in a competitive global industry. NRC-IRAP also links SMEs to original equipment manufacturers, which can help pull innovative companies up the technology ladder.
The British Columbia Provincial Nominee Program (BC PNP) offers accelerated immigration for qualified skilled workers and includes an international post-graduate stream where applicants can put their natural, applied or health sciences post-graduate degree to work in B.C.
Venture Capital Programs encourage investments in British Columbia businesses by providing British Columbia investors with a 30 per cent refundable tax credit.
BC Renaissance Capital Fund attracts successful venture capital managers and their capital to British Columbia to develop promising, innovative technology companies in the province in four key technology sectors: information technology, new media, clean technology and life sciences.
British Columbia Tax Credits encourage business investment and innovation. Provincial tax incentives and exemptions exist for R&D, international business activity, as well as machinery & equipment investments.
National Science & Engineering Research Council underwrites up to 100% of project costs when working with a research team from a university or college to help achieve a business goal or solve a problem in the Health field.
Western Innovation (WINN) Initiative offers interest-free repayable contributions to SMEs proposing to commercialize a new technology, product, process or service in Western Canada. The program provides up to 50% of eligible project costs to a maximum of $3.5 million per project, repayable over 6 years.
Canadian Institutes of Health Research (CIHR) offers funding opportunities for four themes of health research: biomedical, clinical, health systems services, and social, cultural, environmental and population health. The CIHR funds researchers at public research institutions in BC including UBC and its affiliated institutes, such as the B.C. Cancer Agency.
Canada Strategic Innovation Fund supports large projects over $10 million by providing repayable and non-repayable contributions to firms in Canada’s industrial and technology sectors.
Use our Funding Portal to search a database of all grants, loans and financing available to Health related companies.