FederalBudget
The Federal government has introduced their first budget, as a majority government, keeping innovation at the forefront. In fact a whole chapter of the Federal Budget released yesterday discussed increasing provisions for innovative startups, small businesses and entrepreneurs.

One area, which was highly anticipated, was the $7 billion annual innovation funding pool, over $3.6 billion of which is provided under the Scientific Research & Experimental Development (SR&ED) program.  Prior to introducing the 2012 budget, the federal government hinted that they would make major changes to the SR&ED program per the recommendations of the Jenkins Panel to support a more direct funding model from the savings created. Continue reading “Impact of the 2012 Canadian Federal Budget on SR&ED, Innovation Funding and Entrepreneurs”

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