Scientific Research and Experimental Development Tax Credit (SR&ED): Refundable tax credit available to qualifying companies for up to 10% of eligible research and development activities.
Strategic Priorities Fund (SPF): An application based program available to local governments and other recipients outside of the Greater Vancouver Regional District to support infrastructure and capacity building projects that are either large in scale, regional in impact or innovative. The 2017 SPF intake provided up to 100% funding for eligible capital and capacity building projects to a maximum SPF contribution $6 million per project.
BCIC Innovator Skills Initiative (BCIC-ISI): Offers BC-based technology companies access to top talent and skilled workers, training of future employees, and resources for a project. Students are selected to work with companies based on their skills and the company’s needs. The students are paid for their time working with the company, through a BCIC-ISI voucher valued from $2,500-$7,500 (average $5,000), which must be matched in-kind and/or in-cash by a company contribution.
Canada-BC Job Grant: Eligible employers may apply for up to $10,000 for each individual worker to assist with training costs. Employers that receive funding under the Canada-BC Job Grant must contribute a minimum of one-third of the eligible training costs. With the maximum government contribution of $10,000, this means that up to $15,000 is available, per person, for eligible training costs.
Updated June 2018