Technical Management Consultants Inc. has been greatly prosperous in assisting companies prepare and submit applications for Government funding.

Over the years we have been fundamental to helping our clients be rewarded as low as $10,000 to over $5M in Government funding toward their projects. Our services include but are not limited to assisting in business plan/case writing, application preparation and submission, budget forecasting and cash flow projections.

Government Funding Programs

Strategic Innovation Fund

By | Government Funding Programs

The Strategic Innovation Fund’s objective is to spur innovation for a better Canada. In July 2018, the Government of Canada made available up to $250 million in new support through SIF. The objective of the Program is to enable steel and aluminum producers to enhance their production capabilities to better meet the product demand from end-users within Canada.

The program has five Streams, each with its own precise objective:

  • Stream 1: Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;
  • Stream 2: Facilitate the growth and expansion of firms in Canada;
  • Stream 3: Attract and retain large scale investments to Canada; and
  • Stream 4: Advance industrial research, development and technology demonstration through collaboration between the private sector, researchers and non-profit organizations.
  • Stream 5: Support large-scale, national innovation ecosystems through high impact collaborations across Canada.

What are the contribution amounts?

SIF will now focus its support on projects requesting at least $10 million in contributions. Experience shows that the government’s share of funding for a given project usually varies from 10% of project costs up to 50% in exceptional cases. For projects submitted under Streams 1 to 3, contributions are repayable with the possibility of non-repayable only in exceptional cases. All Stream 4 contributions are non-repayable.

The combined level of assistance from all governments (federal, provincial, territorial, and municipal), shall not normally exceed 75% of eligible costs.

AIME Initiative

By | Government Funding Programs

The AIME Global program supports southern Ontario manufacturers to undertake training or skills-upgrading activities which will support innovation at the manufacturing facilities.

Supportable projects may include developing new engineering skills, training in the use of new software, hardware or other tools necessary to support innovation; and training to adopt and adapt new technologies, new manufacturing methods or any other area of business that will make a southern Ontario manufacturing company more competitive in the global market place.

All initiatives must support innovation which will lead to new global export opportunities or create new global markets. First time applicants whom have never received AIME funding from us in the past, may be eligible for up to a maximum of $100,000 with 50% shared costs. New, this year, manufacturers who have received funding from us in the past, but more than 24 months ago, may be eligible for a second tier of funding; these second generation applications may be eligible for up to $100,000 with a shared contribution up to 25%. In other words, the company must demonstrate 75% of the costs, with a 25% contribution from YLF up to $100,000.

Industrial Research Assistance Program (IRAP)

By | Government Funding Programs

Industrial Research Assistance Program (IRAP) provides financial support to qualified small and medium-sized enterprises in Canada to help them undertake technology innovation.

The basic eligibility criteria for IRAP funding are:

  • Be a small and medium-sized enterprise in Canada, incorporated and profit-oriented;
  • Have 500 or less full-time equivalent employees; and
  • Have the objective to grow and generate profits through development and commercialization of innovative, technology-driven new or improved products, services, or processes in Canada.

Business Scale-up and Productivity

By | Government Funding Programs

Funding under this stream helps to accelerate the growth of firms and assist with the adoption of new, innovative technologies that support scale-up, productivity, and the development of and entry into new markets to help companies become globally competitive.

Applications can be submitted for:

  • No-interest, repayable contributions up to 35% from $500,000 up to $10 million per project.

Funding is available to:

  • Assist high-growth firms to scale up and expand.
  • Support technology demonstration and the commercialization of new technologies.
  • Encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity.
  • Increase businesses’ capacity to grow through market diversification and entry into global markets.