Organization: CAE Inc

Court ruling on aerospace R&D tax credit case affects entire tech sector

A Tax Court of Canada ruling that reduced a Montreal aerospace company’s federal Scientific Research and Experimental Development tax credits impacts the entire tech sector and further complicates a government incentive program already rife with problems and in need of reform, say innovation advocates.

The Short Report, April 8, 2020: Mitacs steps up to help SMEs working on COVID-19 solutions; StatCan partners on ambitious business conditions survey; and more

Mitacs has launched a limited-time initiative to help SMEs working on COVID-19 solutions secure government funding, access research resources, and hire post-secondary interns. The non-profit’s 80 business development experts positioned across Canada will help SMEs complete funding applications and connect with researchers. College interns are also available to help with activities like coding, prototyping, monitoring cell cultures,…

The Short Report, June 5, 2019 – McMaster endowment, AI, timber research, green jet fuel

BDC Capital has launched the $250-million Industrial Innovation Venture Fund to invest in early to late stage tech firms and entrepreneurs accelerating the transformation of core Canadian industries including ag-tech, advanced manufacturing, oil and gas and mining tech. Venture capital veteran Joe Regan joins as the fund’s managing partner. “Industrial sectors tend to be slow…

CAE receives $250-million repayable SADI assistance

CAE Inc has received a $250-million repayable loan from the Strategic Aerospace and Defence Initiative (SADI) to undertake Project Innovate, a $700-million, five-and-a-half-year R&D project to develop and expand its suite of modelling and simulation technologies for military and civilian applications. The loan marks the second time the Montreal-based developer of flight training simulation systems…

CAE links to CANARIE as part of new R&D program

CAE Inc is the second major technology company to connect to the CANARIE Network following the lead of Nortel Networks several years ago. CAE will use the CANARIE connection as part of its recently announced Project Falcon project, a $714-million R&D initiative that includes the development of networking technologies to allow real-time use of its…

CAE snares funds to develop new simulation system

CAE Inc has received $39 million in assistance from Technology Partnerships Canada launch a $130-million project to develop new simulation architecture for military aircraft training. The new system will allow multiple crews and multiple training devices to be connected over long distances through secure Internet or intranet links.The Montreal-based firm will undertake two distinct projects:…