Making a change: Grow your Ontario business through innovation

When you grow your business, you may consider expanding into new markets,, or taking on more employees. You may also consider making innovation a part of your growth plans. Innovation can include creating and working with new technology, or taking on projects that improve the way you do business.

Some examples of how you might grow your business through innovation include:

• Exploring new processes like new manufacturing or service delivery methods
• Using new technologies like computer software, new equipment or new materials
• Research and development such as investing in or testing new products

Exploring new ways to do business or putting new technological solutions into practice may also help you cut down on operating costs. When you cut costs and save money, you can re-invest more of your profits into your business.

There are resources available to help you learn about innovation and growth. You can start by exploring the advisory services, commercialization services and training programs offered through the Ontario Network of Excellence. You may also receive help finding financing and investors for your innovative project.

To find out more about growing your business, visit the Managing and growing section of our website.