Government of Canada Leveraging Investments for Innovative Canadian Small and Medium Sized Businesses

February 21, 2013

The following is excerpted from a 20 February 2013 news release by Industry Canada.

Today, the Honourable Christian Paradis, Minister of Industry, along with colleagues across the country, announced the final enhancement to the Industrial and Regional Benefits (IRB) Policy. This enhancement will encourage long-term private sector investments in innovative Canadian small and medium-sized enterprises (SME) in areas related to research, development and commercialization.

"Our government's top priorities are jobs, growth and long-term prosperity. Canada's small and medium-sized enterprises play a crucial role in our economy, punching well above their weight in terms of jobs, gross domestic product and exports," said Minister Paradis. "This enhancement will leverage hundreds of millions of dollars in new private sector investments in small and medium-sized companies to help them get their innovative ideas from the drawing board to the marketplace."

This release is available in its entirety at:
http://news.gc.ca/web/article-eng.do?nid=721629

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