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Atlantic CanadaOpportunities AgencyBuilding a Stronger Economy Together      Capital Connection Showcase                  ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      ACOA Mandate          To increase oppor...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      ACOA      Programs and Services      Th...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      ACOA         •   Provides direct financ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      What is eligible?         •   Manufactu...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      What is not eligible?         •   Servi...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Business Development Program      Innov...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Business Development Program (cont.)   ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Business Development Program (cont.)   ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Business Development Program (cont.)   ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Business Development Program (cont.)   ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Business Development Program (cont.)   ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Productivity and Business Skills Initia...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Productivity and Business Skills Initia...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Atlantic Innovation Fund (AIF)         ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE      Atlantic Innovation Fund (AIF)         ...
BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE                              Thank you!!    ...
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Capital Connections Showcase - ACOA (English)

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Transcript of "Capital Connections Showcase - ACOA (English)"

  1. 1. Atlantic CanadaOpportunities AgencyBuilding a Stronger Economy Together Capital Connection Showcase February 21, 2012
  2. 2. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE ACOA Mandate To increase opportunity for economic development in Atlantic Canada and to enhance the growth of earned incomes and employment opportunities in the region. 2
  3. 3. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE ACOA Programs and Services The 3 main programs for SME’s are: • Business Development Program (BDP) • Innovation • Market Development • Technology Adoption • Supplier Development • Commercialization • Productivity and Business Skills Initiative (PBS) • Atlantic Innovation Fund (AIF) 3
  4. 4. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE ACOA • Provides direct financial assistance to Atlantic small and medium-sized enterprises. • Help businesses establish, expand or modernize by offering access to capital in the form of interest-free, unsecured, repayable or provisionally repayable contributions. 4
  5. 5. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE What is eligible? • Manufacturing and processing • Information Technology (IT) and knowledge-based businesses • Research and development (R&D) • Tourism • Industries that provide services to businesses (certain conditions apply) • Aquaculture 5
  6. 6. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE What is not eligible? • Services of a personal nature • Distribution, wholesale • Retail • Primary sectors (farming, fishing, wood harvesting) • Construction/Transportation • Refinancing, mergers and acquisitions • Professional services (lawyers, accountants) • Government services 6
  7. 7. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Business Development Program Innovation Objectives • Development of a new or improved product/service, process or piece of equipment, where there is a good prospect for commercial exploitation. Eligible Costs • Wages and salaries considered essential for the project (i.e. technical expertise such as engineers, scientists, technologists…) • Direct materials required and consumed in carrying out the project • Special purpose equipment acquired exclusively for use in the project (not for operations) • Sub-contracts and consultants fees • Other: studies, testing services, patent costs… Level of Assistance • Provisionally repayable or repayable contribution of up to 75% of the eligible costs, up to a maximum of $1,000,000 7
  8. 8. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Business Development Program (cont.) Market Development Objectives • Develop national and export market • Increase sales • Secure additional marketing expertise Eligible Costs • Hiring of a Marketing Manager • Development of a Marketing Plan • Implementation of a Marketing Plan, including: - Development and production of new packaging and labeling - Development and production of promotional material - Exhibiting products for Trade Shows - Other: Advertising, product demonstrations… 8
  9. 9. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Business Development Program (cont.) Market Development(cont.) Level of Assistance • Domestic marketing activities - Repayable contribution of up to 75% of the eligible costs, up to a maximum of $500,000 • International marketing activities - Repayable or Provisionally repayable contribution ** of up to 75% of eligible costs, up to a maximum of $500,000 ** Provisionally repayable contribution: Loan repayment is based on a percentage of the resulting sales of products/services to international market. 9
  10. 10. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Business Development Program (cont.) Technology Adoption Objectives • Become more productive, efficient and ultimately more competitive • Improve the viability of operations Eligible Costs • Costs related to purchasing and installing the new technology (mainly capital cost) Level of Assistance • Repayable contribution of up to 50% of eligible costs, up to a maximum of $500,000 Repayable contribution: Interest free and unsecured loan 10
  11. 11. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Business Development Program (cont.) Supplier Development Objectives • Enhance the ability to bid and acquire private and public sector procurement contracts and sub-contracts Eligible Costs • Bid preparation or pre-positioning, such as consultants fees for technical and special expertise, printing and word processing, legall and translation services, obtaining bid on performance bonds, purchase of bid on tender documents. • Other supplier related activities such as pre-production, testing services, patent costs, technology transfer, licensing, packaging and product literature, specialized training… • General costs, such as sub-contracts, consultants, travel costs…. Level of Assistance • Provisionally repayable contribution of up to 75% of the eligible costs, up to a maximum of $500,000. 11
  12. 12. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Business Development Program (cont.) Commercialization (not presently available) Objectives • Encourage SME’s to secure the necessary expertise and resources required to increase their ability to bring new products, technologies or processes to market. Eligible Costs • Operating and capital cost • Marketing Activities • Human Resources • Equity Financing • Regulatory • Business Support Level of Assistance • Provisionally repayable ** or repayable contribution of up to 75% of the eligible costs. ** Provisionally repayable: The client will have to demonstrate that there is a high level of risk tied to the commercialization. 12
  13. 13. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Productivity and Business Skills Initiative (PBS) Objectives Improve SME competitiveness: • Acquiring new technical or business skills that will be beneficial to the company. • Developing and implementing plans to improve the production efficiency, product quality or environmental management of the company Eligible Costs • Cost of training existing employees, including tuition fees, training materials, cost of transportation and travel of trainer or trainee. • Hiring new employees, including salary, related fringe benefits and recruitment costs. • Engaging a suitable consultant or firm to provide the expertise required to develop and implement a Productivity Improvement, Quality Assurance program. 13
  14. 14. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Productivity and Business Skills Initiative (cont.) Level of Assistance • Contribution of up to 75% of the eligible cost, up to a maximum of $50,000, may be provided on a non-repayable basis • If the company requires a contribution above $50,000, the full contribution will be repayable - a company is not eligible for more than $100,000 in non- repayable assistance over its lifetime under this program - a company is not eligible for more than one non-repayable project at any given time - a company cannot benefit from a second project aimed at the same objective (e.g. same skills area) 14
  15. 15. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Atlantic Innovation Fund (AIF) • Four broad objectives: • Increase activity in and build capacity for innovation and R-D • Increase capacity for commercialization • Support partnership and alliances • Leverage national R&D programs • Support: • Projects that lead to new products, processes or services that have potential to be successfully commercialized 15
  16. 16. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Atlantic Innovation Fund (AIF) • For commercial entity: • Up to 75% support of eligible costs (except building and major renovations, at 30%) • Provisionally repayable based on success • Minimum AIF contribution is $1,000,000 • Normally not exceed a maximum of $3,000,000 • Eligible costs • Direct, incremental & essential 16
  17. 17. BUILDING A STRONGER ECONOMY TOGETHER • ENSEMBLE, POUR UNE ÉCONOMIE PLUS FORTE Thank you!! Maxime Savard 851-4181 Louis Jaillet 851-6635 Debbie Leblanc Léger 851-6466 Vickie Ouellette 851-2377 Chantal Thériault 851-2370 17
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