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Government-subsidized R&D Program for Canadian SME's

Trade Mission:

A Canadian Trade mission is leaving for Kyiv, the capital of Ukraine Sept 7-15, 2002.

SME's may receive up to $2,600 (depending on the total number of participants) in travel support and costs for hotels on the initial outgoing mission to Ukraine from CIDA.

The registration cut-off is quickly approaching.

18 Canadian firms took part in the April 2002 mission. 13 Firms have already signed up for the September mission. Only a few spots are left!

Canadian companies are still eligible to receive up to $40,000 Canadian in matching support funds from the Canadian government for outsourcing R&D projects to Ukraine scientists, researchers, engineers or programmers, as part of the Partnership Program with the Science and Technology Center in Ukraine (STCU).

Contact Walter Derzko in Toronto for partner project and Trade Mission travel details at (416) 588-1122

Tell Walter KnowMap sent you! When he confirms that you qualified for the grant, we will send you a complimentary Diamond subscription! Already a Subscriber to KnowMap? No problem - We will add the 2 years to your current subscription.

Summary:

Large and Small /Medium sized companies in Canada, USA and Europe wishing to contract out research and development and product prototyping including software development can now participate in a special joint Canadian program with the Science and Technology Centre in the Ukraine.

The Canadian International Development Agency [CIDA] with the support and cooperation of the Science and Technology Centre of Ukraine [STCU] is undertaking a project to increase the interface between scientists, engineers and computer programmers from Ukraine and small and medium sized businesses [SME's] in Canada and in other parts of the world.

In view of the difference in costs of performing research in Ukraine versus the west, the Canadian Government estimates that western companies will be able to achieve up to the equivalent of $2-500,000 worth of research for as little as $50-60,000 or the equivalent of 1/15 of the cost.

Ukraine has 1% of the world's population and 6% of the global brainpower! Ukraine is particularly strong in basic sciences.

Just as India and Ireland are now the preferred location for contracting out software development, Ukraine is quickly becoming the new broad spectrum R&D location of choice for many western firms and labs including IBM, 3M, DuPont, NASA, Sandia Labs, Motorola, GE and many opportunity-savvy SME's.

For partner project details and trade mission details contact Walter Derzko, NewBizDev.org in Toronto at (416) 588-1122 or wderzko@axxent.ca and see www.newbizdev.org/Commercial_Research_Opportunities.htm for further details.

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