Canada’s 2010 Budget & Small Business Funding

The government of Canada's 2010 Budget was released on March 4th, within it were various provisions impacting Canadian small business funding. The largest being a $100 million investment from CEAP (Canada Economic Action Plan) to help small business with their innovation and commercializing efforts.

The $100 million investment will be administered through the NRC-IRAP (National Research Council of Canada Industrial Research Assistance Program ) and help Canadian small business develop innovative technologies and commercialize them on the global marketplace.

At Design 1st, we have directed various clients to the NRC-IRAP program to obtain funding for product design and development, many with successful results. For more information on the NRC-IRAP programs, grants and services visit: http://www.nrc-cnrc.gc.ca/eng/services/irap/financial-assistance.html

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