BDC program helps companies close technology gap
The Business Development Bank of Canada has launched a new workshop-based program designed to help plastics processors and moldmakers evaluate their technology needs. The program, called Tech-Strategy...
The Business Development Bank of Canada has launched a new workshop-based program designed to help plastics processors and moldmakers evaluate their technology needs. The program, called Tech-Strategy, is geared for senior managers and their staff. It consists of 10 four-hour workshop sessions held once every two weeks. The net deliverable of the program is a strategic and operational technological development plan designed by and for each participating business. Additionally, 60 hours of on-site consulting service is provided in order to aid participants with the implementation of the action plan. Total cost for the program is $12,500, although most companies may be eligible for a $5,000 rebate through the NRC.
According to Francois Viau, manager, consulting services, BDC Consulting Group, the Tech-Strategy program is meant to help small- and medium-sized Canadian firms close a growing productivity and technology gap between themselves and U.S competitors. Statistics show Canadian manufacturing productivity grew at only two-thirds of the rate of the U.S. manufacturing sector in the 1990s. Also, Statistics Canada data reveals that only 33 percent of medium-sized Canadian firms use at least five advanced technologies, compared to 53 percent of the medium-sized firms in the U.S.
“Many Canadian companies are relying on the low dollar to remain competitive,” says Viau.
Tech-Strategy’s objectives are to enhance management awareness of technology’s impact on a company’s operation and business strategy, and to provide tools for assessing and managing technology needs. Content of the workshops includes diagnosis of technological development capability, information technology and e-business, building a technological team, financing technological development and other topics. The workshops are run continuously throughout the year, with a new session beginning every six weeks. For more information contact Francois Viau at 905-803-7927.