The Canadian government launched a $100 million program today dedicated to increasing its procurements from startups.
“Our government’s new Innovative Solutions Canada program is a big winner on several fronts,” said Navdeep Bains, Minister of Innovation, Science and Economic Development. “We’re being proactive and transforming our challenges into opportunities; opportunities for innovation, economic growth and small business success that will result in a vibrant innovation economy and more middle-class jobs for Canadians.”
In Canada, 20 departments and agencies will participate in the program, and will set aside one percent of its research and development expenditures for this initiative.
See below for the CATA advocacy campaign launched in July, calling for the Next Version of Innovative Solutions Canada. We now have a next version.
From Left to Right: Michael J Kelly, Dean, Lazaridis School of Business & Economics, Dan Wasserman, CATAAlliance, Procurement Advocate, Sir Terry Matthews, National Spokesperson, CATAAlliance, and John Reid, President & CEO, CATAAlliance.
The Innovative Solutions Canada program was first announced in the government’s budget 2017 released in March, when it said that $50 million would be set aside for this purpose. The program is modelled off the US Small Business Innovation Research Program, which sees federal agencies allocate 3.2 percent of their R&D budgets to supporting small businesses with their R&D.
Read full details: http://cata.ca/2017/next-version-innovative-solutions/
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The Canadian Advanced Technology Alliance (CATAAlliance) is Canada’s One Voice for Innovation Lobby Group, and is crowdsourcing ideas and guidance from thousands of opt in members in moderated social networks in Canada and key global markets. (No Tech Firm Left Behind)