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Some Canadian Businesses Eligible for $30 Million Dollars



Some Canadian Businesses Eligible for $30 Million Dollars

If you’re the owner of a small or medium-sized Canadian company, and are looking to invest in its growth, you have the chance to apply for a unique opportunity.

This week Navdeep Bains, the Minister of Innovation, Science and Economic Development, announced the launch of the Patent Collective pilot program, designed to lend businesses the support need to grow and get more competitive.

The program is based on putting Intellectual Property (IP) front and centre in Canadian business.

“Intellectual property is at the core of innovative businesses,” Bains said. “For Canada’s economy to succeed, we need to ensure that companies of all sizes have the tools to grow, expand and become competitive global players.”
Participants in the program will have the chance to shape how it will support member businesses, will help better leverage IP in their drive to grow to scale, while also providing the government with insight in how to support enterprises going forward.

The program is part of the government’s five-year, $85.3 million Intellectual Property (IP) Strategy, a promise made to help Canadian businesses and creators understand, protect and access intellectual property.

Eventually, this will help Canadian businesses create good, well-paying jobs needed to turn their ideas into new goods and services to compete in the marketplace. 

More information on the program can be found here.

Applications for the Patent Collective program are due March 15, 2019.

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