Archive for the ‘business financing’ Category

5 Essential Tips for Maximizing Government Funding

By leveraging the right sources of government funding at the right stage of growth, you can significantly maximize your returns from government funding programs, while minimizing your investment in time.

Read our latest article in Small Business BC to find our how you can leverage government funding for your company or contact us today to arrange for a free, no obligation consultation to determine your eligibility for government funding programs.

NorthBridge is involved with a broad array of emerging industries throughout Canada. The Principals of NorthBridge are angel investors themselves with extensive experience in raising both debt and equity. This, coupled with NorthBridge’s expertise in various government funding programs, provides an unparalleled combination to assist Canadian technology companies with their growth trajectories.

 

The Startup Revolution

At an age when the technology sector is growing twice as fast as the global economy, startup ecosystems provide a vital means for individuals and regions to not only take advantage of technological change, but to also steer it in a direction that will improve humanity.

Read more about Startup Financing in Canada including Canada’s Startup EcosystemFund RaisingWriting A Convincing Business Plan and Canada’s Brain Gain.  

 

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NorthBridge is involved with a broad array of emerging industries throughout Canada. The Principals of NorthBridge are angel investors themselves with extensive experience in raising both debt and equity. This, coupled with NorthBridge’s expertise in various government funding programs, provides an unparalleled combination for assisting Canadian technology companies to raise funding for growth.

Contact us today to arrange for a free, no obligation consultation to determine your eligibility of receiving government funding.

Vancouver Lunch & Learn at SFU Venture Labs- Government Funding for R&D, Innovation and Growth

When it comes to Government funding for start-ups, most entrepreneurs know about SR&ED and IRAP.

However, there are many other Government programs available to assist Canadian businesses with expenses related to R&D, new product development, manufacturing process improvements, tapping into international markets and workforce development.

Join this free info session to learn about some of these programs and how they fit into the difference phases of your corporate development.

Some of the funding programs covered include:

  • SIF (Strategic Innovation Fund)
  • SDTC (Sustainable Development Technology Canada)
  • ICE Fund
  • Growing Forward / Agri-Innovation
  • BCIP (Build in Canada Innovation Program)
  • Engage, CRD, Mitacs (grants for working with universities)
  • CanExport, Going Global Innovation, Soft Landing
  • Accelerated Growth Service (AGS)
  • Hiring & Training Grants

Date and Time:
Wed, 11 April 2018
12:00 PM – 1:00 PM PDT

Location:
SFU VentureLabs
#1200 – 555 West Hastings
Vancouver, BC V6B 4N6
(MAP)

 REGISTER TODAY 

About the presenter:
Jaap Siekman MSc, PEng, PMP 
Jaap is the Regional Manager for NorthBridge Consultants. He educates start-ups and growing companies on Government funding programs that support R&D and Innovation in Canada. Jaap has ~ 28 years’ experience in Engineering, Manufacturing, Product Development and Management in a variety of industries.

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

 

 

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Quebec Budget 2018 Highlights

The 2018 Quebec Budget, tabled on March 27, 2018, reports accelerated gross domestic product (GDP) growth from 1.4% in 2016 to 3% in 2017 and proposes several measures and investments that will impact businesses in Quebec including:

Innovation

  • Increasing the additional capital cost allowance rate from 35% to 60% for investments in computer equipment and manufacturing and processing equipment made after March 27, 2018.
  • Expanding tax holiday eligibility for large investment projects to include the development of digital platforms (“a computing environment that enables content management or use of a service that serves as an intermediary in accessing information, services, or property supplied or edited by the corporation or partnership, or by a third party, and which is not a tax-exempt platform”).
  • Broadening the tax credit for film and television production to include digital platforms.
  • Providing $348.7M for the implementation of a new biofood policy, including:
    • $180M to spur investment in biofood production and processing;
    • $62.8M to stimulate the development of the biofood industry; and
    • $29.7M to enhance efforts in innovation and training.
  • Committing $171.5M over 4 years to increase the appropriation and marketing of innovations including:
    • $120M to promote mobilizing projects in Québec;
    • $22.5M Support the restructuring the business model of the Centre de recherche industrielle du Québec (CRIQ);
    • $3.5M increase in financial support for niches of excellence in the regions;
    • $5M to support creation of the World Artificial Intelligence Organization in Montréal; and
    • $20.5M Support the Université de Sherbrooke’s project of an integrated innovation chain for digital prosperity.

Business Growth 

  • Reducing payroll taxes through:
    • A $1.2B reduction in the Health Services Fund (HSF) contribution for all small to medium-sized businesses (SMBs); and
    • A gradual reduction of the tax rate of SMBs in the service and construction sectors from 8% to 4%. The tax rate of SMBs in the manufacturing sector was reduced from 8% to 4% effective April 1, 2015, and was likewise reduced for SMBs in the primary sector effective January 1, 2017.
  • Stimulating growth of SMBs via:
    • $10M over 5 years for the creation of Réseau200, which will bring together entrepreneurs and their peers from the business world;
    • $35.4M for initiatives to support accelerators and incubators for Québec businesses;
    • An additional $2.4M over 3 years to support the creation of centres of excellence in the information and communication technologies (ICT) and digital technologies sectors; and
    • $3.4M to support SMBs in their growth projects.
  • Providing additional sums for specialized investment funds in collaboration with other investors, namely:
    • $61.5M for Teralys Capital, a private fund manager investing in innovative businesses;
    • $2M for the Accélérateur de création d’entreprises technologiques (ACET) Capital II fund to help technological entrepreneurs find adequate financing for starting their business; and
    • Support for development of social economy enterprises including continued support for the Chantier de l’économie sociale Trust and support for activities of tax-advantaged funds.
  • Enhancing electricity discounts for major projects, including:
    • An adjustment in the maximum duration of the discount for large projects, which is extended from four to six years; and
    • A 4 year deferral of the discount application period end date, which is moved back to December 31, 2028.

Workforce Development

  • Contributing $810M for a National Workforce Strategy to meet the challenges of the labour market, including:
    • Commitments to improve the flexibility of vocational and technical studies programs; and
    • Implementation of a new process for receiving and processing immigration applications under the Regular Skilled Worker Program which, once implemented, will also provide business and employment integration support (more details will be released in April 2018).
  • Creating a new refundable tax credit for training workers, via enrollment in a training program that leads to a diploma, employed in SMBs to support 30% of eligible training expenditures incurred between March 27, 2018 and January 1, 2023, with up to $5,460 provided per year for each eligible employee (30% rate is linearly reduced where total payroll exceeds $5M, reaching 0% at a total payroll of $7M).
  • Improving refundable tax credits for on-the-job training periods (internships) through:
    • Increasing maximum hourly rates and weekly caps;
    • Increasing base and increased tax credit rates for businesses that operate in remote resource regions, to encourage training young people; and
    • Increasing base and increased tax credit rates for Aboriginal people, to encourage Québec businesses to facilitate their employment integration.

Fraser Valley Conference Presentation on Government Funding

On April 5th, 2018, Jaap Siekman will be conducting a presentation entitled “Government Programs to Help Fund the Labour Costs of Your R&D and Innovation Projects”  as part of a break-out session at the Fraser Valley Career Connections and Conference, to be held at the Fraser Valley Trade and Exhibition Centre (Tradex).  A synopsis of the presentation will follow.

Synopsis of Presentation

There are many Government Funding programs available to assist Canadian manufacturers, food processors and other innovative Small & Medium Enterprises.  These programs can help to fund expenidtures related to R&D, new product development, manufacturing process improvements, and workforce development.

Some of the funding programs that will be covered by this presentation include:

  • SR&ED (Scientific Research & Experimental Development)
  • IRAP (Industrial Research Assistance Program)
  • BCIP (Build in Canada Innovation Program)
  • Innovative Solutions Canada
  • SDTC (Sustainable Development Technology Canada)
  • Innovative Clean Energy (ICE) Fund
  • Growing Forward
  • Engage, CRD, Mitacs (grants for working with universities)
  • Riipen Student Industry Projects
  • Hiring, Coop & Training Grants

Presenter: Jaap Siekman MSc, PEng, PMP

Jaap is the Regional Manager for NorthBridge Consultants, which is a national consultancy firm, with offices in BC, ON and QC.  Jaap educates start-ups and growing companies on Government Funding programs that support R&D and Innovation in Canada; he has over 25 years of experience in Engineering, Manufacturing, Product Development and Management in a wide variety of industries.

About the Fraser Valley Career Connections & Conference

As a partnership with communities from across the Fraser Valley and Abbotsford Works, the first ever Fraser Valley Career Connections and Conference (FVCCC) will be held on April 5, 2018 at the Fraser Valley Trade and Exhibition Centre (Tradex).

This event is targeted to employers from all sectors across the Fraser Valley and to job seekers from across Canada. As a growing number of local businesses have expressed the need for support in hiring, the event goal is to put the Fraser Valley on the map for job seekers, while facilitating an opportunity for businesses to gain exposure and participate in employer only sessions pertaining to funding, wage subsidies and human resource trends. Employers will also be able to take advantage of on-site interviews as well as pre-arranged virtual interviews to extend their reach to skilled workers from across the country.

Breakout sessions will include:

Register for the conference today

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