Archive for the ‘Entrepreneurship’ Category

Filling the Financial Gap Between Angel Investors and Government Agencies

Our sister company, NorthSpring Capital Partners was honored to be featured in The Record’s Technology Spotlight 2017

NorthSpring invests in passionate entrepreneurs and companies developing unique intellectual property, products and services targeting large addressable markets. The company’s financial resources and expertise accelerates the growth of innovative companies located in the Toronto – Waterloo technology corridor.

Read about NorthSpring’s transition from management buyout financing to angel investing in early stage technology companies.

 

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Free December 5 Waterloo Workshop- Government Funding for Start-ups

When funding growth, start-ups should always look towards non-dilutive funding sources to preserve a larger share of control over the company.

One of the main advantages of situating your start-up in Canada is the plethora of federal and provincial funding programs accessible to start-ups that can total over $20 billion each year.

This workshop will address the SR&ED tax credits, non-repayable grants, and interest-free loans available to early-stage companies, as well as how to structure your company and operations to take advantage of multiple funding opportunities.

Topics covered will include:

  • Introduction to non-dilutive government funding
  • SR&ED Tax Credits
  • Government grants and loans
  • Overlap between funding programs
  • Structuring to take advantage of funding

This educational workshop will preceed GTAN|RAW, a monthly event held by the Golden Triangle Angel Network (GTAN), where entrepreneurs that are considering raising funds from Angels and Venture Capitalists have an opportunity to present their pitch to several members of GTAN, who will offer feedback and suggestions.

Event details:

Speaker:
Gerry Fung, CPA CMA, P.Eng.
VP of Business Services at NorthBridge Consultants

Date & Time:
Tuesday, December 5 2017 from
3:00 PM to 5.00 PM  (Just before GTAN|RAW)

Location:
Accelerator Centre
295 Hagey Blvd – 1st Floor, West Entrance
Waterloo, Ontario N2L 6R5
Canada (MAP LINK)

Register Online 

For more information please contact us at 1-519-623-2486  

 

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Free November 21 Vancouver Seminar – Legal, tax and funding considerations for start-ups

Join specialists in Law, Accounting, Government Funding and Foreign Affairs to learn about how to grow your company.

Legal, tax and funding considerations for start-ups and growing companies, doing business in Canada and internationally (or planning to do so).

Whether you are a start-up, a growing company, or doing business internationally (or planning to do so), join us for this information session with specialists from the following organizations:

  • Manning Elliott LLP: Accounting and tax considerations
  • LaBarge Weinstein LLP: Legal structure, CCPC, EBC, M&A
  • NorthBridge Consultants: Government Funding programs for R&D, Innovation & (international) Growth
  • Global Affairs Canada: Government programs for doing business internationally

Short presentations will be followed by extensive Q&A opportunities.

Event details:

Date & Time:
Tuesday, November 21st  2017
From 8 AM to 10 AM (PST)

Location:
The Profile
535 Thurlow Street
Vancouver, BC
Canada (MAP LINK)

Get Tickets Online 

For more information, please contact Jaap Siekman:
Email: jaap@northbridgeconsultants.com
Phone: 604.562.5209

About the presenters:

Paul Leedham, CPA, CA, CGA

Paul is a partner at Manning Elliott LLP and provides accounting, assurance, and business advisory services with a primary focus on serving clients operating in the technology and investment fund industries. With over 17 years of experience, Paul works with technology companies and their financial and legal advisors to identify optimal strategies to monetize available incentive tax credits and other sources of funding for their organization.

Fernando Costa, CPA, CA

Fernando is a partner at Manning Elliott LLP and provides accounting, assurance, and business advisory services with a primary focus on assisting clients with the going public process and accessing capital markets. With over 25 years of experience, Fernando works with companies and their advisors to ensure they achieve their goals.

Kyle Lavender, BSc, JD

Kyle is a lawyer at LaBarge Weinstein LLP and practises corporate and securities law with a focus on corporate finance, mergers and acquisitions and corporate/commercial matters. He advises clients in connection with a variety of domestic and cross-border transactions including acquisitions, venture capital, growth equity and private equity financings, strategic alliances and initial public offerings. Kyle practices law in British Columbia and Ontario, and advises both domestic and international clients.

Jaap Siekman MSc, PEng, PMP

Jaap has 25+ years’ experience in Engineering, Product Development and Management in a variety of industries. As the Regional Manager for NorthBridge Consultants, he provides information on many Government Funding programs that support Innovation in Canada.

NorthBridge is a national consultancy firm, with offices in BC, ON and QC.

Laura Clarke, Trade Commissioner, Global Affairs Canada

Laura Clarke is a Trade Commissioner based out of Global Affairs Canada’s Vancouver Regional Office. For the past 5 years, she has been supporting BC companies with wireless, telecommunications, financial technology, health IT and cyber security solutions, connecting them with resources locally and abroad. She was part of the team that established our Canadian Technology Accelerator in London, UK, in 2014, and returned in 2016 to expand the program to sectors outside of ICT. Prior to moving to Vancouver, Laura was part of Canada’s negotiating team for the Comprehensive Economic and Trade Agreement (CETA) as a Senior Trade Policy Officer in the CETA Secretariat.

Our Manufacturing Roots Run Deep

Before building a SR&ED and government funding consultation business, Sol Algranti, President and CEO of Northbridge Consultants, worked in the manufacturing industry for many years.

After finishing education in a high school for skilled trades, Sol began working in a large plastics manufacturing company where he gained practical knowledge of various plastic processes including injection moulding, blow moulding, extrusion and co-extrusion. He completed his Bachelor’s degree in Mechanical Engineering while working for an optical glass manufacturer, where he developed improved processes and designed pneumatically-controlled machines. After completing his Master’s degree in Systems Engineering, Sol worked as the Chief of Planning/Scheduling in a large plastic pipe manufacturing company and started a metallurgy business, providing metal heat treatment services to manufacturing companies.

Sol applied his expertise to improve manufacturing methods, and to reduce costs as the process engineer for Westbend of Canada in Barrie, Ontario. Thereafter, Sol’s expertise in plastics earned him the position of Advanced Manufacturing Engineer at Camco (Canadian Appliance Manufacturing Company), where he was responsible for all plastics processes and optimized operations in the large Hamilton, London and Montreal facilities during a major transition period. Sol then moved to a position at ABC group for MSB Plastics as the general manager for their struggling Toronto facility.   Sol worked 6 days per week to optimize operations and within two to three months, he had transformed it into a profitable operation.

In 1989, Sol negotiated a leveraged buyout to acquire Shirlon Plastics, an established Cambridge-based manufacturer of plastics products with a niche in the Canadian Recreational Vehicle (RV) industry. Less than a year later, the 1990 recession began and the RV industry was one of the hardest hit sectors, forcing many RV manufacturers to go out of business. On the brink of bankruptcy, Sol  worked relentlessly to expand his market base to the United States, and took huge financial risk to invest in the diversification of his product line. His efforts paid off and enabled Shirlon to not only survive the recession but to thrive afterwards.

Sol expanded his business through a diversification into gardening products, and through the acquisition of several companies including a large vacuum forming and sheet extrusion company, a plastics rotational moulding business, and a custom mould manufacturer.  He relied on intensive R&D to improve his product line, to increase market share, and to remain competitive, he began claiming for SR&ED tax credits. The funding he received from the SR&ED program was reinvested into the development of new products and new technologies. By 2007, Sol had 6 manufacturing companies in plastic products and tooling industries and continues today to be involved in manufacturing through his remaining plastics company, investments, and consulting practice.

Sol’s profound background in research and development in the manufacturing sector has provided Northbridge with a strong foundation in the SR&ED program. Moreover, Sol’s manufacturing heritage gives NorthBridge a unique understanding of the risks that manufacturers take when they invest in R&D and the overall challenges that manufacturing businesses face when trying to grow and remain competitive.

Proudly Sponsoring Vancouver Startup Week 2017

 

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NorthBridge Consultants is a proud sponsor of Vancouver Startup Week 2017, an engaging event that draws together the greater Vancouver innovation and technology community.

Launching in November 2014, Vancouver Startup Week is the first event of its kind in Canada to bring many different organizations together to host their own events, and has inspired other Canadian cities from coast to coast to host their own Startup Weeks.

This year, Vancouver Startup Week will feature an array of events including workshops, talks, lunch & learns, tech showcases, panel discussions, office visits, recruitment fairs, networking breakfasts, investor lunches, and much, much more.

NorthBridge will be attending various events throughout the week and are looking forward to seeing you there!

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