Archive for the ‘Startups’ Category

November 2 Toronto Seminar: The Government Can Be a Source of Non-Dilutive Financing for Your Startup

Don’t miss an opportunity to learn about how SR&ED tax credits, non-repayable grants and interest-free loans can give your early-stage company the edge it needs to finance growth.

If you need to extend your runway, consider doing so in a non-dilutive manner by taking advantage of government funding.

Join us for a free seminar on November 2, 2016 that will cover the following topics:

  • Scientific Research and Experimental Development (SR&ED) tax credits
  • Industrial Research Assistance Program (IRAP) funding
  • Ontario Centres of Excellence (OCE) funding
  • Federal Development Investing in Business Innovation (IBI) loans
  • Business Development Bank of Canada (BDC) support
  • Structuring your company to take advantage of Canadian funding opportunities

When:
November 2, 2016
5:00 – 5:15 p.m. : Registration
5:15 – 6:30 p.m. : Seminar with Q&A
6:30 – 7:15 p.m. : Networking and Refreshments

Where:
Aird & Berlis LLP
Brookfield Place, 181 Bay Street, Suite 1800 – Toronto (map)

Booking/ Registration:
Please RSVP online

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November 2 Seminar: The Government Can Be a Source of Non-Dilutive Financing for Your Startup

Aird and Berlis poster for Nov 2016 seminar

Financing a startup company for innovation or growth has always been a challenge for many in Canada. However, what we lack in VCs is made up for by our plethora of government funding sources. Both the federal and provincial governments provide financial support through over $20 billion in various funding programs each year. If you need to extend your runway, consider doing so in a non-dilutive manner by taking advantage of government funding.

Join us for a free seminar on November 2, 2016 to learn about how sourcing funding from SR&ED tax credits, non-repayable grants and interest-free loans can give early-stage companies the edge they need to finance growth. This seminar will cover the following topics:

  • Scientific Research and Experimental Development (SR&ED) tax credits
  • Industrial Research Assistance Program (IRAP) funding
  • Ontario Centres of Excellence (OCE) funding
  • Federal Development Investing in Business Innovation (IBI) loans
  • Business Development Bank of Canada (BDC) support
  • Structuring your company to take advantage of Canadian funding opportunities

When:
November 2, 2016
5:00 – 5:15 p.m. : Registration
5:15 – 6:30 p.m. : Seminar with Q&A
6:30 – 7:15 p.m. : Networking and Refreshments

Where:
Aird & Berlis LLP
Brookfield Place, 181 Bay Street, Suite 1800 – Toronto (map)

Booking/ Registration:
Please RSVP online

Speakers:

Gerry Fung
CPA, CMA, P.Eng. Vice President, Business Services at NorthBridge Consulting Services Inc.

 

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Student Start-ups: Success of Velocity

Velocity was created for the purpose of giving students at the University of Waterloo access to resources to turn their innovative ideas into successful start-up businesses. Through Velocity, students at the University of Waterloo are fostered as entrepreneurs through first-hand experience and interaction with successful industry professionals, and are supported with the tools to learn, network, and share ideas with their peers. In 2008, Velocity branched out to create Velocity Residence, which provides an opportunity for University of Waterloo students to engage in their entrepreneurial interests. Students have the opportunity to network with others from a variety of disciplines, and this experience culminates in a one week boot camp where students learn how to solve problems associated with running a business.

Today, Velocity has a total of six interlinked branches: Velocity Residence, Velocity Garage, Velocity Alpha, Velocity Science, Velocity Foundry, and Velocity Fund Finals. These branches support students by giving them funding opportunities, mentorships to help them build their startup businesses, and the equipment necessary to run their start-ups.

Northbridge Consultants has over 20 years of experience assisting clients in digital media and manufacturing companies with grant applications to hire and train recent graduates, secure tax credits, and build their businesses. Notable examples of grants include the ICTC – Career Connect Program, the Youth Employment Fund, and the Canada Jobs grant. Northbridge Consultants assists successful Information and Technology (ICT) startup firms secure the maximum amount of funding from programs such as the SR&ED tax credit program, which gives eligible companies up to a 35% tax credit for R&D work conducted. For companies that want to build their advantage over their competitors, contact Northbridge Consultants and see how we can help you grow your business.

Start-Up Companies and Government Funding

Start-up companies are a popular topic of conversation these days, especially in Southwestern Ontario. There are many resources for these new companies including government funding and tax credit programs. It is critical that these companies are made aware of programs and services that can help them reach their business objectives.

The Scientific Research & Experimental Development program becomes available to start-up companies once they hire new employees and develop a payroll system. It is critical that new companies develop tracking systems for their R&D work in order to develop a strong SR&ED claim. First-time applicants are more likely to be audited by the Canada Revenue Agency so it is very important that supporting documentation is ready and organized.

Government funding programs become available to companies that can demonstrate revenue, reach 10-15 employees, and develop at least a two year track record of success. It is critical that companies understand the programs that may be applicable to their projects or initiatives on an on-going basis.

Our NorthBridge team of business analysts can help identify eligible projects for both SR&ED and grant funding programs. We also assist with the completion of application information, preparation of financial information, creation of business plans, and required reporting after application submission.

IRAP Announces Support for Early Stage Firms

Accelerators and incubators based in Canada that support the development and growth of start-up companies can receive funding from the Industrial Research Assistance Program (IRAP).  The Canadian Accelerator and Incubator Program (CAIP) will provide non-repayable funding over a five year period to a limited number of qualified applicants.  To ensure that the funding is allocated to the appropriate sector needs, the program will be assisted by a Venture Capital Expert Panel, which will be  assembled by the Minister of Finance.  The National Research Council of Canada (NRC-IRAP) is accepting proposals until October 30, 2013.

The National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) is Canada’s first-class innovation program that supports small to medium sized enterprises (SMEs). IRAP is integral to the NRC and has been recognized world-wide for its contributions to innovation in Canada.

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