December 18, 2024 | Local, Land
February 13, 2019 | Local, Other Defence
Government of Canada announces call to launch intellectual property collective
Pilot project will help Canadian companies reap the full benefits of IP to grow their business
February 13, 2019 – Ottawa, Ontario
When Canadian companies put intellectual property (IP) at the core of their business strategy, they are better positioned to grow and succeed. This is why the Government of Canada is making sure that our small and medium-sized enterprises (SME) have the tools and supports they need to expand their business and become more competitive.
Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, launched the Patent Collective pilot program to assist SMEs with their patent and other IP needs. Canadian entities that can gather a team with experience in delivering high-quality patent advice are invited to apply. The chosen applicant will receive $30 million in funding over four years to create a non-profit organization that will work with companies in a selected sector to help them use their IP more strategically.
Announced as part of the five-year Intellectual Property Strategy, the pilot project will provide the Government with valuable insight into the IP issues faced by SMEs. The new collective will have an opportunity to shape how the program will support member businesses, customize services to suit clients' needs, and identify how best to support the strategic use of IP in scaling companies.
Quotes
“Intellectual property is at the core of innovative businesses. For Canada's economy to succeed, we need to ensure that companies of all sizes have the tools to grow, expand and become competitive global players. With this new patent initiative, we are providing small and medium-sized enterprises with the IP support they can use to build their business, boost economic growth and compete and win on the world stage.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
Quick facts
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The Intellectual Property Strategy was announced in Budget 2018.
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Interested applicants can visit Canada.ca/patent-collective.
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Small and medium-sized businesses that hold formal IP are three times more likely to engage in product innovation than those without IP. They are also two times more likely to engage in other types of innovation, four times more likely to export, and 64% more likely to be high growth.
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IP-intensive businesses pay 16% more, on average, than businesses with little or no IP.
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Businesses using IP in patent-intensive industries have about 8 to 10 times more revenues than those not using IP.
Contacts
Follow Innovation, Science and Economic Development Canada on Twitter: @ISED_CA
Dani Keenan
Press Secretary
Minister of Innovation, Science and Economic Development
343-291-1710
Media Relations
Innovation, Science and Economic Development Canada
343-291-1777
ic.mediarelations-mediasrelations.ic@canada.ca
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May 21, 2019 | Local, C4ISR
Reflex Photonics will be able to pursue its growth
The Government of Canada awards $500,000 in funding to this highly innovative Greater Montréal business May 21, 2019 – Kirkland, Quebec – Canada Economic Development for Quebec Regions (CED) Reflex Photonics is a leader in the design, manufacturing and marketing of electronic optics and photonic products for the defence, aerospace and telecom sectors, and for data centres. It supplies rugged embedded transceivers for interconnection in harsh environments. This highly innovative company has posted impressive growth in recent years; in 2018, it invested over $2 million in research and development. To help it maintain its momentum, the company has been awarded a $500,000 repayable contribution from Canada Economic Development for Quebec Regions. This financial assistance will allow Reflex Photonics to acquire specialized state-of-the-art equipment, including an error rate tester and analysis software, as well as process automation equipment. The funding was announced today by the Member of Parliament for Lac-Saint-Louis, Francis Scarpaleggia. Specifically, this Government of Canada assistance will allow Reflex Photonics Inc. to meet the growing demand of prime contractors, increase its production and ensure better quality control of its products. With a total investment of almost $2 million, this project will also result in the creation of high-value jobs that will help increase economic opportunities for the middle class. The Government of Canada is committed to supporting innovative Canadian businesses. A driving force of the economy, innovation is the key to success because it generates growth that benefits both businesses and communities. This is why we are committed to ensuring that businesses are able to rely on adequate resources to create and market innovative products. Quotes “Support for high-tech companies helps strengthen the Canadian economy, maintain our international competitiveness and generate wealth. High-performing and forward-looking, Reflex Photonics unquestionably contributes to the economic growth of both Montréal and Canada as a whole, and creates jobs for the middle class.” Francis Scarpaleggia, Member of Parliament for Lac-Saint-Louis “Our government gives Canadians the means to become more competitive and to thrive in the global economy. The funding announced today for Reflex Photonics is in line with Canada's competitive advantages generated through this company's expansion project, and will boost economic growth.” The Honourable Navdeep Bains, Minister responsible for CED “We are privileged to have loyal, passionate and dedicated employees that have contributed immensely to the success of Reflex in the recent years. Certainly, our strategic partners, both clients and suppliers have also been a source of continuous motivation to develop new products and technology with high added value. I am also very honoured to lead Reflex, which is now recognized internationally as a leader in its industry. The investments from our financial partners, as well as the expansion of our head office, allow the company to continue its growth while adapting to the needs of the markets that we service.” Noël Dubé, President and CEO, Reflex Photonics Inc. https://www.canada.ca/en/economic-development-quebec-regions/news/2019/05/reflex-photonics-will-be-able-to-pursue-its-growth.html