Editor's Welcome
Government Funding: Stay Ahead of the Curve
Written by:
Ela Malkovsky, Technical Writer and Editor-in-Chief
In business, as in life, it often seems that everything that can go wrong will. Adaptability and flexibility are therefore crucial for the success of any business. Unburdened by the lengthy bureaucratic process of large corporate hierarchies, small businesses are perfectly positioned to quickly adapt and take advantage of emerging opportunities.
Recognizing change as a permanent state of business allows companies to embrace change without fear or anxiety and to exploit opportunities before the competitors are able to do the same. According to the business definition, “adaptability shows the ability to learn from experience, and improves the fitness of the learner as a competitor.” In the competitive world of business, the companies that adapt the fastest are ultimately going to stay ahead of the curve.
As each company is seeking funding to invest into growth and expansion, adapting to the changing nature of government funding programs is crucial to attaining working cashflow. Although the nature of SR&ED is changing, more money is being invested into direct forms of funding.
Collectively, billions of dollars are available to small and medium-sized enterprises in grants, loans and tax credits. Unfortunately, it is the large number of available funding programs that also makes it incredibly challenging to navigate and adapt. By embracing the ever changing nature of government programs and establishing methods or resources to stay current with the latest changes, companies can take advantage of funding opportunities before funds are depleted by competitor companies.
At NorthBridge, we are committed to staying current with the latest developments in government funding and providing our clients with the resources they need to innovate, grow and stay ahead of the competition. In this issue, we have provided a short list of some pertinent government funding programs to demonstrate the kinds of opportunities that are available to small and medium sized enterprises.
Ela Malkovsky B.A.
Technical Writer and Editor-in-Chief
Ela is dedicated to supporting the advancement of Canadian companies by identifying and leveraging innovative research and technology based funding options.