NEWS

Ontario’s Emerging Technologies Fund is open for business.

The $250-million fund will co-invest – along with qualified venture capital funds and other private investors – directly into companies in high-growth sectors that are aligned with Ontario’s Innovation Agenda:

Clean technology
Life sciences and advanced health technology
Digital media and information and communications technology.
The fund is designed to help innovative technology companies find the capital they need to grow in Ontario. It was announced by the province in March in response to the current economic conditions and the reduction in investment capital available to emerging and high-growth companies.

Guidelines for investment are now available online at: www.ontario.ca/ocgc.

QUOTES

“The Emerging Technologies Fund is one more step the McGuinty government is taking to help ensure that innovative people and companies have access to the capital they need to continue growing their business and creating jobs in Ontario.”
- Minister of Research and Innovation, John Milloy

QUICK FACTS

Ontario’s Emerging Technologies Fund will address a lack of venture capital activity by co-investing with qualified investors directly into high-growth technology companies.
Eligible companies must have a significant corporate footprint in Ontario.
This initiative complements the $205-million Ontario Venture Capital Fund, a partnership between Ontario and leading corporate and institutional investors that is investing in venture capital and growth equity funds that support innovative, high-growth companies.
LEARN MORE

The Ontario Emerging Technologies Fund

Ontario’s Innovation Agenda

Canada’s Venture Capital and Private Equity Association – first quarter venture capital results

One of the most annoying things with owning your own company is having to deal with the government. Here are some links that you should read over at least once before you start a business.

Online Services from the Government 1

Online Services from the Government 2

Reporting and Remitting Schedules

Tax FAQ’s for Small Businesses

General Information on Goods and Services Tax (GST)

The Basics of the Retail Sales Tax (RST)

How the RST Applies to Internet Related Services

How the RST Applies to Computer Programs and Related Services

Scientific Research and Experimental Development (SR&ED) Tax Incentive Program

The good thing is that there are free seminars from the government that cover most of the above. They also give you handy handouts and brochures too. Read my previous post, FREE Government Seminar Listings for Small Business.

EXTRA: Business Start-up Info Guide

Peter Kao

Starting a business requires tons of work. A huge part of that work is doing the research and reading required to run your business “legally.”

Things like PST, Payrol deductions, Corporate taxes and ways to increase tax credits can be a headache. Luckily, the Canadian government supplies free seminars covering most topics on starting and maintaining your business. Check out their list of seminars here: http://www.cra-arc.gc.ca/vnts/on/menu-eng.html

- Peter Kao