Archive for the ‘business financing’ 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.

The Artificial Intelligence Revolution: New Challenges & Opportunities

Due to its ability to substantially improve productivity and boost economic output, Artificial Intelligence (AI) is considered to be the next big technological revolution with the potential to increase economic growth rates by a weighted average of 1.7% and profitability rates by 38% across a variety of industries by 2035.

Read our latest Newsletter to explore the Canadian and global financial AI landscape and to learn more about how AI can maximize labor and capital capacity in almost every industry.

Based on a comparison of baseline growth in 2035 with an AI steady state scenario where AI has been absorbed into the economy

 

New Grant for Hiring STEM and Business Students

If you plan to hire a student or recent graduate for a work term, the new Student Work-Integrated Learning (WIL) Program can can help support up to 50-70% of wages, for a maximum $5-7K depending on the candidate you hire.

The WIL program aims to support partnerships between employers  and post-secondary education (PSE) institutions to create more work-integrated learning placements in in science, technology, engineering, mathematics (STEM) and business occupations for Canadian students.

Under the Student Work-Integrated Learning Program, Canadian employers in eligible sectors that offer quality work-integrated learning placements to PSE students and recent graduates (within 12 months before starting the WIL contract period) will be eligible to receive wage subsidies:

  • Up to 50% of wages or up to $5,000, to provide a student or recent graduate with meaningful WIL opportunities that develop foundational and entrepreneurial/business skills;
  • Up to 70% of wages or up to $7,000, to provide a student or recent graduate with meaningful WIL opportunities that develop foundational and entrepreneurship/business skills for the following under-represented groups: a) women in science, technology, engineering and mathematics (STEM); b) Indigenous students; c) recent immigrants (arrived in Canada during the last 5 years); d) persons with disabilities; and e) first-year students.

Eligible emerging sectors include:

  • Advanced manufacturing;
  • Intelligent retail;
  • Fintech; or
  • Any identified high growth sector such as entertainment and gaming, connected transportation, biotehcnology, cyber security,  e-Health, clean tech, etc.

Interested small- and medium-sized enterprises, are encouraged to contact the program directly or fill out the application form to receive more information or to participate in the program, or partner with local eligible PSE institutions to provide work-integrated learning placements for students or recent graduates.

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