Did you know that the after-tax cost to Canadian businesses of funding industry-driven, university R&D, in collaboration with NSERC, can be as little as 17 cents on the dollar? This figure applies to a company’s cash contributions to a university research partnership, for which NSERC typically supplies two dollars for every dollar of business investment. Such investments are also eligible for tax relief, including refundable cash in many instances, under Canada Revenue Agency’s $4 billion Scientific Research and Experimental Development (SR&ED) program.
Universities and colleges are full of researchers with ideas and expertise that can help your business solve short-term problems and provide fundamental insights into longer-term technological challenges. Many companies are first attracted to universities and colleges to access a unique piece of equipment or solve a specific issue. This often leads to enduring relationships with professors or students that are of even more value to the company.
NSERC has several academic-industry partnership programs available that can help your company’s R&D dollars go further. If you’re new to research partnerships, a great first step is to try our Engage Grant program – $25,000 towards a 6 month project and no company cash required. Have some cash, and want to get more out of it? Check out our Collaborative Research and Development grant for 2:1 cash leveraging.
Currently, there are about 3,000 professors and 7,000 students engaged in research partnership projects funded by NSERC. Not sure where to start to find an academic with the expertise your company requires? A great first step is to give us a call at the NSERC Ontario Regional Office; we can connect you to the right people at the university or college.
Sarah O’Neill is the Communications and Promotions Officer at the Natural Sciences and Engineering Research Council’s Ontario regional office. Sarah can connect you with the information you need to know regarding NSERC’s partnership opportunities.
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