dollars and sense event - how to navigate your way to 1.3 billion of government incentives
DESCRIPTION
Government departments award over $1 billion a year to businesses of all sizes to stimulate local economies, foster economic development and create employment opportunities. But how do you find the right program and take advantage of these tremendous incentives? Listen to our experts to learn how to identify a program and secure key funding for your business.TRANSCRIPT
Dollars and Sense
How to Navigate Your Way to $1.3 Billion of Government Incentives
NRC Industrial Research Assistance Program 2
Business advice
Networking
Intellectual property
Market assessment
Strategic planning
Partnerships
DTAPP $
YEP $
Innovation IRAP projects $
Funding organizations $
Business
Innovation
Our business model
NRC Industrial Research Assistance Program
Ministry of Economic Development, Trade and
Employment – Business Advisory Branch
Export Market Access (EMA) $500,000+ annual sales – Min. 5 employees Up to 50% of eligible costs, up to a maximum of $30,000/application Booth rental and trade show costs, airfare, per diem, translation services, marketing materials, signage,
product testing to meet foreign standard (CE Mark)
Ontario Exporter’s Fund (OEF) 50% of costs Up to $40,000 per year for 2 years to hire an export manager Total annual sales $1 million - $20 million ; 5 to 500 employees Export sales ranging from 10% - 50% of total annual sales
Eastern Ontario Development Fund (EODF) 3 year old business with 10 + employees, 10/15% grant, maximum value $1.5 M must be a minimum investment of $500,000 (projects 2 - 4 years in length); Create 10 jobs; if business has
between 10-20 employees must create 50% of current employment Eligible investments more than $10 million and creation of 50 or more jobs, funding of up to 15% of eligible
investment to a maximum $5.0M will be offered as a loan. $1.5 million of the principal of the loan may be forgiven based on achievement of performance targets. Manufacturing, ICT, Life Sciences, Processing.
New investment in new operations in Eastern Ontario, plant/business upgrades, expansions
Others: FedDev, Youth Programs, Yves Landry, SMART
For more information contact: Marcelo Grinfeld, Senior Business Advisor, Business Advisory Branch , MEDTE
BDC: a unique client service experience
An unwavering commitment to the success of Canadian entrepreneurs
Our mission
Help create and develop Canadian businesses through financing, venture capital and consulting services, with a focus on SMEs
> Be a complementary lender in the market to other traditional financing institutions
> A beyond the money approach
RBC Knowledge-Based-Industries Group
The Lifecycle of Funding
Sources of funding at each stage of growth (Equity vs. RBC Debt)
Equity
DebtTIME
GR
OW
TH
Bootstrapping
RBC Capital Markets
Friends & Family
IRAP,OCE, SRED
Equity 2nd Round
Sub/ Venture Debt
IPO, M&A, JVs, Sale
Equity 1st Round
Personal Credit
Angel, Seed
CSBFL, Leasing,Operating Loans,Term Loans
SRED Financing
EDC EGP
FX Facilities
Credit Cards
Mezzanine Debt
Acquisition Financing
Greg C. MatthewsTechnology [email protected]
For more information, please contact:
Dollars and Sense
Bruce RaganoldDirector of Business [email protected]
Terry LavinewayDirector of Business [email protected]
Greg MatthewsTechnology [email protected]
Luke ClareBusiness Development & Client [email protected]