July 11, 2011 09:00 ET

New Portal Connects Canadian Businesses to Much-Needed Public Funding

MONTREAL, QUEBEC--(Marketwire - July 11, 2011) - Every year Canada's three levels of government invest about $12 billion in grants and contributions, but many companies report that they have little understanding of how to access these resources.

On Monday an online bilingual service called THE FUNDING PORTAL launched across Canada to help businesses secure public funding through four easy steps: Find It, Apply for It, Score It and Advance It.

THE FUNDING PORTAL website features TFP Search™, a high-powered search engine that allows users to instantly search all Canadian public funding programs.

Users complete their applications in secure online workrooms and can have their drafts evaluated by the Portal's Expert Review Panel to gain valuable feedback through a TFP Scorecard™.

THE FUNDING PORTAL boasts Canada's top funding experts, including: Marielle Piché, the former Executive Director of the Industrial Research Assistance Program (IRAP); Dr. Kevin Goheen, a respected expert on tax credits (SREDs); and Dr. Sherif Barakat, a recently retired Vice President, National Research Council of Canada (NRC).

Businesses can also advance their applications using THE FUNDING PORTAL's advancement services provided by trusted accounting, law, government relations and intellectual property firms.

The new service is already receiving praise from key industry associations, including the Canadian Advanced Technology Alliance (CATA) and Chambers of Commerce.

"Our members report significant challenges identifying the public funding programs that exist and in complying with the application processes—they welcome the launch of this public funding portal," said John Reid, CATA's president and CEO.

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