eBridge Software was in need of financing to help with training of their development team, market development in the United States, research and development in product design, and development of new innovation software tools. These were significant undertakings that needed funding support beyond what the company could provide for themselves, so they pursued government funding…
The Government of Ontario is providing funding to technology companies in the province to help grow economically sustainable companies and creating high-value jobs. Technology companies and entrepreneurs should consider this funding as a great opportunity to grow their business without increasing their debt. What is the IAF? Provided by MaRS, the IAF is a government…
How to Benefit from the Ontario Interactive Digital Media Tax Credit (OIDMTC) If you are an Ontario business that developed interactive digital media products, the OIDMTC can assist you with labour, marketing and distribution expenditures. Is My Company Eligible? Canadian companies that develop eligible products at a permanent Ontario establishment and file an Ontario tax…
The Small Business Internship Program The best option with regard to hiring for a marketing graduate through government funding is with Industry Canada’s SBIP. The Small Business Internship Program provides small and medium-sized enterprises financial support to hire a post secondary student intern to assist them in their adoption of e-business strategies to increase their…
Accelerator Review Program, Small Projects with $50k Non-repayable Grant A popular funding mechanism in Southern Ontario is The Accelerated Review Process by the Industrial Research Assistance Program provides $50k non-repayable grant by supporting 100% of direct labor and 75% sub-contractors fees. How Funding Works The projects eligible are those that present a strong business case for technology…
Recently approved and good news for the areas of Kitchener-Waterloo, Guelph, Cambridge and Hamilton, University of Waterloo is now the delivery agency on behalf of Industry Canada for an internship program to promote the hiring of post-secondary graduates from local colleges and universities. U of Waterloo is now accepting applications for the 2010/2011 Small Business…
Export Development Canada in partnership with Mercantile Finance Services Ltd., can provide unsecured loans of up to $50,000 for a two year term to support Canadian companies with export business development goals. My clients have enjoyed these funds to assist them with increase production capacity for exporting, attending trade shows or new marketing efforts for…
New funding mechanism to support small business, with a maximum contribution of $30,000, for the financial support of hiring a graduate. The funding must be applied to hire a recent graduate in their area expertise for business development, marketing plans or technical development for a period of six months or greater. Through Human Resources and…
The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. Under the program, a small business must apply for a loan at a financial institution (bank or credit union) of its choice. If the loan is granted by the financial institution, the federal government…
Return on Investment (ROI) is always cited at meetings before strategies are agreed to. What is the return of this product line, market segment, sales distribution network, new production equipment, marketing budget, inventory dollars or pending software program? And yet, how often do we invest or discuss in the ROI of our people – or…