Today, the Government of Canada announced a plan to mobilize industry to combat COVID-19.
The plan will redirect a variety of streams of government funding toward manufacturing, commercialization and research focused on health science products and services needed during the pandemic.
In addition to the new business credit support program to be administered through BDC and EDC, there are many newly available programs to support health science companies.
If your company can manufacture critical supplies, conduct COVID-19 related research and development, or develop technologies that address COVID-19’s impacts, contact OBIO as soon as possible.
Contact OBIO today if your company or technology falls into any of the categories below
Canada’s Plan to Mobilize Industry - Program Pillars:
1. Build the industrial capacity needed to manufacture critical supplies at scale in Canada: Call to action: Canadian manufacturers needed to help combat COVID-19
2. Refocus our Strategic Innovation Fund, National Research Council and Canada’s Superclusters to prioritize COVID-19 research.
3. Deliver direct support to key Canadian companies that are working on large-scale and later-stage research and development projects to fight COVID-19: NRC Industrial Research Assistance Program
4. Challenge innovative companies to develop solutions, technologies and products that can address COVID-19’s impacts: NRC COVID-19 Challenge Program
5. Source equipment needed to support Canada’s response to COVID-19 here in Canada: Calling all Suppliers BuyandSell.gc.ca
Recently Announced Additional Government Support for Business:
Government of Canada – Support to Businesses
- Through the recently announced Business Credit Availability Program (BCAP)
o Export Development Canada (EDC)
o Business Development Bank of Canada (BDC)