Welcome to the Centre for Research and Innovation (CRI)
Get credit for your company's R&D
As we count down to tax filing day on April 30, did you know that companies that do research and development with Ontario colleges may be eligible to claim an Ontario tax credit(s)? Colleges of applied arts and technology – like Fanshawe! – are recognized as research institutions by the Ontario government. Now, we’re not tax experts, so we can’t promise your company will qualify. But it’s worth checking it out. Tax Credits and Incentives for Innovation and Scientific Research are: the Ontario Business Research Institute Tax Credit; Ontario Innovation Tax Credit; Ontario Research and Development Tax Credit; and the Ontario Tax Exemption for Commercialization. Credits are administered for the province by the Canada Revenue Agency. More information on these credits is available at http://www.cra-arc.gc.ca/txcrdt/sred-rsde/prv-crdts-eng.html#_Toc280687463 (CRA website) or at http://www.fin.gov.on.ca/en/credit/business.html (Ontario Ministry of Finance website). If your business has hired one of our co-op students, there’s a credit for that, too. The Co-operative Education Tax Credit (CETC) is a refundable tax credit. The CETC is available to employers who hire students enrolled in a co-operative education program at an Ontario college or university. More info at http://www.fin.gov.on.ca/en/credit/cetc/.
Today is World Intellectual Property Day!
The subject of intellectual property can be daunting, complex and confusing. But Canada’s Intellectual Property Office (CIPO), part of the federal government, has created a website to try and demystify IP. April 26 marks World Intellectual Property Day, an annual celebration linking IP and creativity. To celebrate this event, CIPO has created a World IP Day 2013 web page which serves as the central point of access to existing and new IP content. The site provides a wealth of information – in plain language – on the definition, implications and application processes for patents, trademarks and copyrights. This annual event linking IP and creativity gives CIPO an opportunity to celebrate and promote innovation and economic growth. Visit the website at: http://www.cipo.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03644.html
Colleges delivering R&D solutions for small business, communities
The Association of Canadian Community Colleges (ACCC) today released two reports that showcase the impressive innovations and applied research outcomes that colleges are delivering in partnership with small and medium-sized enterprises and community partners. Smart Investments for Business highlights projects of the College and Community Innovation (CCI) program. ACCC’s Stimulating Innovation for Small Businesses and Communities is its fourth showcase that illustrates and celebrates applied research partnerships that respond to business needs. Fanshawe College is an active participant in industry-driven R&D throughout the London Region. Read the ACCC media release.