Government of Canada invests in tracing the steel supply chain
“Our government is leveraging its significant purchasing power to help Canadian small businesses become more competitive. With this challenge, we’re looking for a tool to better trace the steel supply chain and provide information on product supply and demand, instant verification of origin, and quality of inputs and outputs. By turning to Canadian innovators for their best ideas, we’re accessing quality products to solve some of our most pressing challenges while helping businesses grow and create good jobs.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Industry
“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. Congratulations to these businesses. I can’t wait to see the innovative solutions they come up with.”
– The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade
Program funding comes from the 20 departments and agencies participating in Innovative Solutions Canada. Each department is setting 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 an annual $100-million investment over the course of five years.
Innovative Solutions Canada encourages submissions from businesses owned and led by women, Indigenous peoples, youth and other traditionally under-represented groups 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. Using a simple, story-based user interface, the Innovation Canada platform can match businesses with the most fitting programs and services in about two minutes.
Senior Advisor, Communications and Media Relations
Office of the Minister of Innovation, Science and Industry
Innovation, Science and Economic Development Canada
Follow Innovation, Science and Economic Development Canada on Twitter: @ISED_CA
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