There are many financial incentives and programs offered to city of Cambridge businesses and individuals.

Federal programs

There are a number of federal financial incentive programs available for Canadian businesses.

Business Development Bank of Canada

The Business Development Bank of Canada (BDC) is a federal Crown corporation. It supports entrepreneurs with a variety of financing programs and consulting services.

For more information, you can contact the BDC at (519) 571-6676.

BDC Innovation Financing

BDC Innovation Financing is a product designed to fund projects to develop e-business, explore new markets, and fund research and development.

For more information, you can contact the BDC at (519) 571-6676.

Productivity plus financing

The design of this program is for small manufacturing and processing companies.

To learn more, you can contact the BDC at (519) 571-6676.

Canada Foundation for Innovation

The Canadian Institute of Health Research innovation programs help fund health research in Canada.  The program helps the academic community network with Canadian companies.

Contact the Canadian Institute of Health Research at (613) 954-1968 or toll-free at (888) 603-4178, to learn more.

Canada Small Business Financing Program

This Canada Small Business Financing Program (CSBFP) makes it easier for small businesses to get loans by sharing risk with lenders.

To learn more, you can contact Industry Canada, Small Business Financing by email or toll-free at (866) 959-1699.

Canadian Commercial Corporation

The Canadian Commercial Corporation (CCC) helps companies sell their products to foreign governments, organizations and private-sector buyers.

For more information, contact the CCC at (613) 996-0034 or toll-free at (800) 748-8191.

Futurpreneur Canada Start-Up Financing Program

This program provides young entrepreneurs with mentoring, education, and start-up financing.

For more information, you can contact Futurpreneur at (866) 646-2922.

Communications Research Centre Canada

Communications Research Centre Canada is a federal centre for research and development in communications technology. It helps small and medium sized businesses grow through on site technology development.

Email the Communications Research Centre Canada or call (613) 991-3313 for more information.

Global Affairs Canada

Global Affairs Canada is responsible for Canada's international trade and export growth. The department provides consultations, data and other services through international trade centres.

Contact the department toll-free at (800) 267-8376 for more information.

More information found in the guide Industrial Cooperation Progam Publication

Canadian Trade Commissioner Service assists with Investment into Canada 

Export Development Canada

Export Development Canada is a Crown corporation that works as a financial institute. It provides financing, insurance and other services to companies that export to or invest in other countries.

To learn more, contact Export Development Canada at (613) 598-2500 or toll-free at (800) 267-8510.

Federal Economic Development Agency for Southern Ontario

The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) funds programs supporting economic and community development, innovation and economic variation.

To learn more, you can contact FedDev Kitchener at (866) 593-5505.

Industrial Cooperation Program

The Canadian International Development Agency (CIDA) Industrial Cooperation Program provides financial support to businesses with foreign partners engaged in business in developing countries.

For more information, contact the CIDA by email or call (819) 997-5456 or toll-free at (800) 230-6349.

Industrial Research Assistance Program

The Industrial Research Assistance Program (IRAP) provides a range of advisory services and financial support to growing Canadian small and medium sized businesses.

For more information, you can contact the National Research Council of Canada by email or at (519) 746-3599.

National Research Council Canada

The National Research Council Canada is the federal government's leading organization for research and development.

Contact the National Research Council Canada to learn more.

National Science and Engineering Research Council of Canada

The National Science and Engineering Research Council of Canada (NSERC) provides funding for university-based research in science and engineering. It also encourages partnerships between educational institutions and Canadian companies.

For more information, contact the NSERC at (855) 275-2861.

Scientific Research and Experimental Development tax incentive

The Scientific Research and Experimental Development (SR&ED) incentive program encourages Canadian businesses to do research and development, which leads to new and advanced products and practices.

For more information, contact the Canada Revenue Agency's Tax Services Office at (416) 973-1717.

Sustainable Development Technology Canada NextGen Biofuels Fund

The Biofuls fund supports the development and production of renewable fuels in Canada. Sustainable Development Technology Canada is a non-profit foundation that reports the Minister of Natural Resources.

To learn more, email Sustainable Development Technology Canada or call (613) 234-6313 ext. 354.

Provincial programs

There are also a number of provincial financial incentives programs to support Ontario businesses.

Export Market Access

Export Market Access is an Ontario Chamber of Commerce initiative. It helps small businesses expand to foreign markets beyond the US.

For more information, you can email the Ontario Chamber of Commerce or call (519) 571-6074.

Southern Ontario Fund for Investment in Innovation

The Southern Ontario Fund for Investment in Innovation program supports growing and innovative small and medium-sized businesses in rural and urban areas. The program offers loans between $150,000 and $500,000 to support all challenges of growth.  The loans will help finance commercialization and development.

Contact the Western Ontario Community Futures Development Corporation Association for more information.

MaRS Investment Accelerator Fund

The MaRS Investment Accelerator Fund (IAF) is an early stage seed fund managed by the MaRS Discovery District. It is a part of the Ontario Networks of Excellence. The IAF helps Ontario technology companies in their early stages bring their products to market. The IAF also invests in and helps launch promising technology ventures.

You can contact the IAF toll free at (877) 862-4411.

New Exporters to Border States

The New Exporters to Border States (NEBS) is a practical course that covers the basics of exporting to the US. This includes practical export information and exposure to markets in US Border States.

To learn more, email the Ministry of Economic Development and Trade, International Trade Branch or call (416) 325-6665.

Ontario Business Research Institute Tax Credit

A Ontario Business Research Institute Tax Credit is given to businesses for research and development costs. These expenses must be in Ontario under an eligible contract with a suitable research institute.

To learn more, contact the Ministry of Finance by calling toll free (866) 668-8297.

Ontario employer health tax exemption

The employer health tax program exempts employers from paying Employer Health Tax on the first $450,000 of annual payments.

Contact the Ministry of Revenue toll-free at (866) 668-8297 for more information.

Ontario Centres of Excellence Commercialization Program

The Ontario Centres of Excellence Commercialization Program prepares entrepreneurs for the market. This is through market analysis, technology validation, business plan development, and investment.

Contact the Ontario Centres of Excellence Inc., at (416) 861-1092 or toll free at (866) 759-6014 for more information.

Ontario Ministry of Research and Innovation

The Ontario Ministry of Research and Innovation supports businesses through the programs listed below.

Contact the Ministry toll free at (866) 668-4249 for more information about research funding.

Next Generation of Jobs Fund - International Strategic Opportunities Program
The International Strategic Opportunities Program is a grant program that supports strategic projects in targeted areas of strength in Ontario.
Ontario Innovation Tax Credit
A 10 per cent Ontario Innovation Tax Credit provides corporations with funds for research and development.
Infrastructure Ontario

The Infrastructure Ontario provides municipalities, universities and other partners with low-cost, fixed rate loans to build and renew infrastructure.

For more information, email Infrastructure Ontario or call (416) 212-7289.

Municipal programs
There are also a number of municipal programs and incentives to help support businesses and entrepreneurs in Cambridge.