Innovation can take many different forms: process innovation, product innovation and organizational innovation. It is one of the main driving forces behind business competitiveness because it helps improve productivity, reduce costs, boost competitiveness and increase sales.
Innovation also helps you stand out from your competitors and to better respond to the expectations and needs of your clients. In the long-term, innovating is the best way to help your business grow.
In most cases, innovation is planned. You rely on research budgets, R&D staff and patents that have been or are about to be filed. Unfortunately, innovation is sometimes unstructured, and managers sometimes don’t know that they are entitled to a tax credit for scientific research and experimental development (SR & ED).
Luc Lévesque
Commissioner of business development - Team Leader
DE – CLDG
“Tax credits and industrial research programs are an important source of funding for R&D projects. Thus, by identifying the different programs, a manufacturing, technology or food processing company can get back up to 80% of its SR & ED expenditures. Contact our team for more information.”
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Pratical information
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Technological uncertainty
You have to run tests before you can confirm a technological innovation.
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Several types of solutions
Your uncertainty should lead you to assess several types of solutions and to run a certain number of tests.
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Human resource(s) dedicated to tests
The scientific research and experimental development activities have to be managed by employees in your business. The tests can be run internally or by external units (sub-contractors, the Canadian Council of Technicians and Technologists (CCTT), the Centre de recherche industrielle du Québec (CRIQ), etc.).
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The approach
The credits are approved based on the approach, not the results.
- « DE – CLDG is there to serve entrepreneurs who have a business idea. For additional information, call 819-595-8002. Our services are free and confidential.
