As much as progress as we have made so far in understanding the complexities of health sciences, bio-technology, life sciences , we have barely scratched the surface of how it all works!

Thankfully, pioneering research & developments in the fields of medical imaging, Artificial Intelligence, big data, simulations, molecular techniques, gene therapy are revolutionizing health technologies. The advancements of bio-tech industry are scalable to numerous applications.

Canadian companies are making a space for themselves in innovation. In order to make this growth sustainable, Canadian Government has taken several steps to fund & incentivize this innovation to position Canada as a Global leader in research & innovation.

One of the major incentive from the Canadian Government is SR&ED  Tax Credits. Companies that have taken advantage of the SR&ED program in addition to numerous Grants & Funding.

opportunities available for this sector have managed to thrive. While it may not be a cake walk to access all these government funding opportunities, Team EVAMAX can assist you every step of the way.

Who Qualifies for SR&ED?

If you are a company operating in the Biotech, Lifesciences, Medical Technologies sector, you may be prime candidates for SR&ED Tax Credits in Canada.

Our typical clients in the manufacturing sector are from the following sub-sectors:

  • Agri-Biotech & Agro Chemicals
  • Medical Devices Manufacturers
  • Health Technology
  • Drugs, Pharmaceuticals, Nutraceuticals
  • Medical Testing & Laboratories
  • Re-generative Medicine
  • Biomaterial & Bio-manufacturing Industry

Some of the typical activities in the Biotech, Lifesciences, Medical Technologies sector that may qualify for SR&ED and are often overlooked are:

  • Development or improvement of any technology with applications to human health, animal or plant productivity?
  • Development of technologies involving the manipulation of cells, tissues, organs, identifying the functioning of DNA, proteins and enzymes.
  • Projects related to biosafety of the products
  • Development of new patents related to biotechnology products
  • Improvement of nutritional quality and safety of animal or plant derived foods and drugs.
  • Advancing biomaterials such as polymers, ceramics, metals & semiconductors
  • Development of bioanalytical tools
  • Development of new and emerging technologies for clinical lab applications
  • Development of diagnostic tests and technologies, laboratory information management systems, Point of care testing, in vitro diagnostics to examine new tests or device trials
  • Development of new and enhanced therapeutic agents i.e. vaccines, drugs.
  • Issues with safety, efficacy & affinity of the agents  
  • Challenges related to drug delivery and targeting
  • Challenges with the process, manufacturing, and impurities
  • Research in medicinal use of cannabis

Please note that above is not an exhaustive list.
Contact our experts to understand if your R&D activities may be eligible for SR&ED incentives.

At EVAMAX, we specialize in assisting our clients access these opportunities for Tax Incentives, Grants & Funds. For e.g., SR&ED Incentives (Scientific Research & Experimental Development) program offers up to 68% tax credits on eligible R&D costs.

Who qualifies for Government Grants?

Companies, at least 2 years in operation may qualify for several grant programs for innovationcapacity expansionexportshiring & training.

To schedule a no obligation consultation

Why Hire EVAMAX?

While, you are engaged in the quest for innovation in technology, our highly motivated team is positioned to maximize benefits for our clients through R&D Tax credits or Grants & Funding options.

Our approach – Our competitive edge:

  • Our Technical & Financial experts connect with the clients on a regular basis throughout the year proactively gathering relevant information to plan ahead for submissions.
  • Our advisory services extend beyond the submissions. For e.g. Customizing efficient tracking systems for seamless compliance for SR&ED program or Grants.
  • Keeping you posted with the CRA legislation and new grant & funding opportunities.
  • Our reputation with the CRA and the grant agencies is remarkable and an excellent validation of our successes.
  • Our work culture is dynamic & we believe in continuous learning at all levels of our organizations. Our well rounded and well-experienced professionals go an extra mile to ensure you are leaving no cash on the table.

For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. You may also email us at info@evamax.com or call 1-877-711-7733.