Companies developing new products and innovations in the Health sector may be eligible for incentives such as research and development and patent revenue tax credits.
Mitacs connects companies with highly-skilled graduate students and post-doctoral fellows through research projects which address a key business or technology challenge faced by the company.
Tax Credit for Scientific Research and Experimental Development (SR&ED) are available up to 35% on expenses related to to experimental development, applied research, basic scientific research and certain types of technical support work.
National Research Council (NRC) Industrial Research Assistance Program (IRAP) program provides Health SMEs with technical assistance, financing and business advice that mean the difference between success and failure in a competitive global industry. NRC-IRAP also links SMEs to original equipment manufacturers, which can help pull innovative companies up the technology ladder.
The British Columbia Provincial Nominee Program (BC PNP) offers accelerated immigration for qualified skilled workers, experienced entrepreneurs and their family members who want to settle in B.C. and become permanent residents of Canada.
Venture Capital Programs encourage investments in British Columbia businesses by providing British Columbia investors with a 30 per cent refundable tax credit.
BC Renaissance Capital Fund attracts successful venture capital managers and their capital to British Columbia to develop promising, innovative technology companies in the province in four key technology sectors: information technology, new media, clean technology and life sciences.
Bio Talent Canada Career Focus Program removes the obstacles to recruitment by providing up to $20,000 toward the salary of a new graduate. Hire an eager-to-learn worker and take advantage of BioTalent Canada’s financial support to integrate them into your operation.
British Columbia Tax Credits encourage business investment and innovation. Provincial tax incentives and exemptions exist for R&D, international business activity, as well as machinery & equipment investments.
International Business Activity (IBA) tax incentive program allows registered international businesses in B.C. to receive up to a full refund on provincial corporate taxes paid on the income of the qualifying business (75% on patent income to a maximum of $8 million).
National Science & Engineering Research Council underwrites up to 100% of project costs when working with a research team from a university or college to help achieve a business goal or solve a problem in the Health field.
Western Innovation (WINN) Initiative offers interest-free repayable contributions to SMEs proposing to commercialize a new technology, product, process or service in Western Canada. The program provides up to 50% of eligible project costs to a maximum of $3.5 million per project, repayable over 6 years.
Canadian Institutes of Health Research (CIHR) offers funding opportunities for four themes of health research: biomedical, clinical, health systems services, and social, cultural, environmental and population health. The CIHR funds researchers at public research institutions in BC including UBC and its affiliated institutes, such as the B.C. Cancer Agency.
Use our Funding Portal to search a database of all grants, loans and financing available to Health related companies.