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Persistent problems in closing off on the aging files of certain firms claiming federal R&D tax credits has handed the Auditor General of Canada (AG) ammunition to blast the Canada Customs and Revenue Agency (RevCan) over its handling of the scientific research & experimental development (SR&ED) program.

The timing is a little off, but the Canadian Institutes of Health Research (CIHR) is now a reality having passed through both the House of Commons and the Senate before receiving Royal Assent on April 14.

Milestone Medica funds Univ of Ottawa spin-off

Milestone Medica Corp (MMC) and the Univ of Ottawa have created a new private company to develop new therapies targeting heart disease and stroke based on the university’s research using proprietary zinz compounds.

The Communication Research Centre (CRC) is the headquarters for a new National Capital Institute of Telecommunications (NCIT), which has received $36 million in cash and other commitments over a five-year period.

The Ontario Innovation Trust (OIT) has invested $18 million in a variety of research infrastructure projects at the Univ of Western Ontario (UWO), including $9.6 million for the Canadian Light Source (CLS), a $173.

DY4 Systems Inc, Kanata ON, has launched its Teknov 8 Technological Innovation Challenge with a prize of $50,000 going to the winning entry. Contestants must develop a business plan and a new venture with a deadline of January 1/01.

In RE$EARCH MONEY, Vol 14, No. 1, incorrect data was inadvertently published on the MRC/Rx&D Research Program. The correct figures for the institutions affected are: Sunnybrook Health Sciences Centre ($142,456); Univ of Western Ontario ($1.

The federal government has initiated a series of cautious but encouraging tax reduction measures geared to bringing Canada business in line with its major competitors, particularly in the high technology sector.

In contrast to previous years, the recent Quebec Budget was a touch light on S&T initiatives, but that’s not surprising given the intense focus the Parti Quebecois administration has placed on all facets of the knowledge-based economy.

The Ontario’s Ministry of Energy, Science and Technology (MEST) is working quickly to craft a new, two-pronged program designed to help bridge the gap between university-based discoveries and the marketplace.