IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

SMEs

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 24 Feb 2016 | Removal date: open ended
Still in force

Financial grant

On February 24, 2016 the Premier of Ontario announced an agreement with IBM Canada and Ontario Centres of Excellence (OCE) to help up to 500 small and medium-sized enterprises (SMEs) create jobs, embrace next-generation technologies, and compete in the global marketplace. Under this deal the provincial government will invest up to Can.$22.75 million (US$17.95 million) through the Jobs and Prosperity Fund in the IBM Innovation Incubator (I3) Project. The I3 Project will help SMEs fast-track the launch of new technologies and products to international clients and increase the province's knowledge economy. Participating businesses will leverage IBM's technical resources, including cognitive business technology and a cloud-based development platform, as well as its physical space and network of customers to reduce the cost of developing new technologies and help their companies grow and succeed. OCE will oversee the operations of the I3 Project and coordinate partnerships with industry.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

814 Research & development originals
842 Internet telecommunications services

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