"Innovative Business Models & Innovation Funding"
Join us to learn of the new approaches and programs developed to help support our aerospace companies and their quest to grow, innovate, conduct research and adopt new technologies.
Wednesday, February 7, 2018 --
We are proud to present the new partnership between BDC and CARIC geared to helping Canadian SMEs in the aerospace industry. By providing advisory services to help businesses upgrade to innovative business models, their program can help effectively navigate industry changes and accelerate the successful commercialization of new technologies. Representatives from both organizations will explain the program, the benefits and the associated funding.
Defence Research and Development Canada (DRDC) will present their new Innovation for Defence Excellence and Security (IDEaS) program which will launch a number of coordinated initiatives that will transform the way the Department of National Defence (DND) generates solutions to complex problems. Through IDEaS, DND will invest $1.6 billion over the next 20 years to support:
- Creating clusters of defence innovators to conduct leading-edge research and development in areas critical to future defence needs. These clusters will bring together academics, industry and other partners to form collaborative innovation networks;
- Holding competitions that invite innovators to present viable solutions to specific defence and security challenges; and
- Implementing flexible new procurement mechanisms that allow Defence to develop and test ideas and the ability to follow through on the most promising ones with procurement.
We shall learn how the Strategic Innovation Fund (SIF) allocates repayable and non-repayable contributions to firms of all sizes across all of Canada's industrial and technology sectors. The program has a budget of $1.26 billion over five years. It consolidates and simplifies the Strategic Aerospace and Defence Initiative, Technology Demonstration Program, Automotive Innovation Fund and Automotive Supplier Innovation Program. The goal is to attract and support new high-quality business investments and accelerate areas of economic strength, strengthen and expand the role of Canadian firms in regional and global supply chains, support economic strategies, and attract investment that creates new, good, well-paying jobs.
Our aerospace manufacturers face enormous pressures to increase productivity to stay competitive. Innovation, technology adoption and new cutting-edge equipment can help define the value they bring to their customers. Wells Fargo Equipment Finance will explain how to focus-in on your customers needs by finding the financing solutions to acquire the technology your business needs.
How does the Natural Sciences and Engineering Research Council of Canada (NSERC) aim to make Canada a country of discoverers and innovators for the benefit of all Canadians? Learn how they support university students in their advanced studies, promote and support discovery research, and foster innovation by encouraging Canadian companies to participate and invest in post-secondary research projects. These investments can work to your advantage.
What are the opportunities available for small- and medium-sized enterprises through the Industrial and Technological Benefits (ITB) policy? Did you know that Defence Contractors that secure contracts with the Government of Canada are required to involve Canadian SMEs in carrying out their ITB obligation? Discover how FedDev Ontario identifies, promotes and supports the direct and indirect ITB opportunities for our region.