Government of Canada helping small businesses innovate
“Our government is using its purchasing power to help small businesses innovate and become more competitive. Through Innovative Solutions Canada, we’re accessing quality products, while businesses are growing and creating good middle-class jobs.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“Small businesses are the backbone of our economy and employ over 8 million hard-working Canadians. That’s why our government is committed to helping small businesses start up, scale up and access new markets. Innovative Solutions Canada is a fantastic program that uses government procurement to help small businesses innovate and then commercialize their innovations. These are worthy new challenges, and I can’t wait to see what our innovative Canadian small businesses come up with.”
– The Honourable Mary Ng, Minister of Small Business and Export Promotion
Program funding will come from the 20 departments and agencies participating in Innovative Solutions Canada. Each department will set aside funding for this initiative that amounts to one percent of its 2015–16 combined procurement and internal research and development expenditures. Together, the funding from the departments and agencies represents a more than $100-million investment over the course of five years.
Small businesses make up 98 percent of Canadian businesses and employ over 8 million hard-working Canadians.
Innovative Solutions Canada is encouraging submissions from businesses owned and led by women, Indigenous peoples, youth and members of visible minorities by ensuring those groups are included in the program’s outreach plans and activities.
There are hundreds of programs and services that offer everything from funding to expert advice to help businesses innovate, create jobs and grow Canada’s economy. With a simple, story-based user interface, the Innovation Canada platform can match businesses with the most fitting programs and services in about two minutes.
Follow Innovation, Science and Economic Development Canada on Twitter: @ISED_CA
Office of the Minister of Innovation, Science, and Economic Development
Director of Communications
Office of the Minister of Small Business and Export Promotion
Innovation, Science and Economic Development Canada
Report a problem or mistake on this page
- Date modified: