The dilutive nature of early stage equity financing (i.e., giving up ownership) makes it the most expensive way to finance growth. When a start-up does not have enough cash in the bank or cash flow to support their growth (hire… Read more »
FedDev leads $20M funding round for 8 Toronto startups
The Federal Economic Development Agency for Southern Ontario (FedDev) put up $4.85 million into young startups, in order to leverage an additional $15.2 million from venture capital and angel investment groups. The companies to receive funding are as follows: Trillium… Read more »
North Innovation Fund launched to support Canada’s Knowledge-Based Industries
Waterloo and Toronto, February 15, 2012 – North Innovation Fund (NIF), a privately-held alternative financing firm providing ongoing SR&ED accrual loans to early stage Canadian companies in a variety of technology-based sectors, today announced the launch of its first Fund.… Read more »
Venture Capital Fundraising Concerns in Canada
According to 2011 year-end figures from the Canadian Venture Capital and Private Equity Association, a four-year high of $1.5 billion from VC was disbursed to Canadian startups last year. Although this was the highest level since 2008, this was far… Read more »
Entrepreneurial Financing in Atlantic Canada Expanding Rapidly
According to the Globe and Mail, Atlantic Canada has immense entrepreneurial opportunities and has shown recent growth in entrepreneurial financing. Halifax alone has more than 1,200 financial services firms with 14,000 employees. Atlantic Canada has a huge advantage in shipments to… Read more »
The Small Project Accelerated Review Process
The Industrial Research Assistance Program that the National Research Council of Canada has (NRC-IRAP) has long been of assistance to companies in Canada who need funding for research purposes. About a month ago, NRC-IRAP announced a new review process: the… Read more »
AMIS – Ontario’s Advanced Manufacturing Investment Strategy
Lines of credit have almost completely dried up in this recession, and it’s harder than ever for businesses to fund their new development projects. Ontario’s Advanced Manufacturing Investment Strategy (AMIS) is a great venue for Ontario manufacturers to pursue. What’s… Read more »
Ontario Provincial 2009 Budget
The proposed 2009 Ontario provincial budget, released March 26th, 2009, puts forward new tax measures intended to build on the government’s “5 point” economic plan. Understandably there is much controversy about the spending plans, and many Ontarians are expressing concern… Read more »
EI and Bankruptcy Filings Dramatically Increasing
The number of Canadians filing for bankruptcy and unemployment benefits rose significantly in January, according to new numbers released Tuesday by The Office of the Superintendent of Bankruptcy Canada. More than 117,000 Canadians filed for bankruptcy over the period of… Read more »