What's new for business and industry?
The federal government has announced a new two-year, $20M commercial voucher program designed to support R&D collaborations between small to medium sized (SMEs) companies and academic institutions like Fanshawe College. The Business Innovation Access Pilot Program (BIAP) provides an eligible SME with a $50,000 voucher to acquire business/technical services from the institution, including planning, marketing, specialized testing, product prototyping and process development. BIAP is administered by NRC-IRAP. Interested companies should start contacting NRC-IRAP at 1-877-994-4727 to determine eligibility. http://www.nrc-cnrc.gc.ca/eng/irap/biap/index.html
Tax time is coming up: get credit for your R&D
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. Information: http://www.cra-arc.gc.ca/txcrdt/sred-rsde/prv-crdts-eng.html#_Toc280687463 (CRA website) or http://www.fin.gov.on.ca/en/credit/business.html (Ontario Ministry of Finance website). If your business has hired our co-op students, there’s a credit for that, too. The Co-operative Education Tax Credit (CETC) is a refundable tax credit for employers who hire students enrolled in a co-operative education program at an Ontario college. More at http://www.fin.gov.on.ca/en/credit/cetc/.
Putting knowledge to work for you
The Centre for Research and Innovation (CRI) is Fanshawe's College Industry Innovation Centre (CIIC). We work with companies to develop and implement applied research projects. The CIIC is the gateway to the College and its expert faculty and staff. We work with companies in a variety of ways.
- Research funds sourcing
- Pre-award project development
- Proposal writing and project budgets
- Business/industry/government partnership development
Fanshawe's Centre for Sustainable Energy & Environments (CSEE) works with companies to develop, improve, test and validate renewable energy technologies and sustainable building and transportation solutions, products and processes. Click here to find out how CSEE can help your business.
As a member of the Colleges Ontario Network for Industry Innovation (CONII) and Ontario's ONE Network of Excellence, Fanshawe College can link regional companies with the expertise of colleges across Ontario. Together, we're all about practical solutions to real challenges. Learn more about harnessing the power of the CONII network.