The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
Learn more about a few of Canada's innovation funding programs during this exclusive Lunch & Learn. We'll cover the following topics:
-Scientific Research & Experimental Development Tax Credit (SR&ED) presented by Jeff Christie, Boast Capital
-TECTERRA presented by Richard Gorecki, TECTERRA
-Mitacs presented by Eric Loo, Mitacs
Innovation Funding Lunch & Learn May 13, 2014Boast Capital
Boast Capital recently held an Innovation Funding Lunch & Learn with support from Calgary Economic Development.
We covered the following Innovation Funding programs:
-Scientific Research & Experimental Development (SR&ED) Tax Credits
-TECTERRA’s Geomatics Funding Programs
-National Research Council’s Industrial Research Assistance Program (IRAP)
-Mitacs’ Research Internships
The Canadian Trade Commissioner Service manages the Canadian Technology Accelerators (CTA) in New York, San Francisco & Silicon Valley, Boston, and Philadelphia, global clusters for technology and entrepreneurship. This initiative provides those Canadian start-ups in information and communication technology, digital and social media, gaming, clean technologies, and life sciences with access to unique resources and contacts that foster their international growth.
The CTAs make available free office space for three to six months where physical offices are located within existing business incubators. The CTAs help you to refine your business model, collect competitive intelligence, pursue key clients, access financing sources, and engage strategic partners.
Fund Your Innovation - SR&ED Tax Credits and other Government GrantsBoast Capital
So now that you’ve started a business and have everything figured out you’ve started to look at alternative financing options. The non-dilutive options are great but what are the options and how do you access this cash? We will walk you through the SR&ED tax incentive program and discuss IRAP, IDMTC and other government grants available to help you build your product(s).
Alex Popa presented the answers to the following questions for DevFestYVR on Feb 21:
-What you need to know about the SR&ED program.
-How the SR&ED program applies to product and process development in the real world.
-What does the SR&ED claim process look like – a detailed walkthrough.
-How can I make this source of funding more reliable?
-What are some of the government grants available to help lower the cost of building a product? A look at IRAP, IDMTC, and other sources of funding.
Everything You Need to Know About IRAP FundingBoast Capital
NRC’s Industrial Research Program (IRAP) provides technical and business innovation advising, financial assistance, and industry connections to over 10,000 SMEs annually. Known as one of Canada’s best funding programs, IRAP offers financial assistance under 4 subprograms. This presentation covers:
-What is IRAP and what funding opportunities are available
-Who is eligible and what qualifies
-How to prepare a successful IRAP claim
-New updates and deadlines
-How it works with the SR&ED program
See the Whole Story: The Case for a Visualization PlatformEric Kavanagh
Seeing is believing, which is why data visualization continues to play a major role in helping businesses understand their data. But there's more than meets the eye. Underneath that stimulating surface layer, some data environments are much more organized -- and thus reliable -- than others. The key to success? Taking a platform approach to address the entire end-to-end process of delivering governed, scalable analytics.
Register for this episode of The Briefing Room to hear veteran Analyst Dr. Robin Bloor explain why a platform approach to visual analytics enables the kind of governance that today's organizations need. He'll be briefed by Dan Brault of Qlik, who will showcase his company's analytics platform which was built from the ground up with the design point of delivering analytics to everyone in an organization. He'll stress the importance of governance, trust and scalability.
Creating an organisation that thinks and acts togetherVicky Bradford
“We’re facing the worst financial crisis of our history and we need to create and organisation that thinks and acts together rather than throwing explosive arguments across the fence”.
Innovation Funding Lunch & Learn May 13, 2014Boast Capital
Boast Capital recently held an Innovation Funding Lunch & Learn with support from Calgary Economic Development.
We covered the following Innovation Funding programs:
-Scientific Research & Experimental Development (SR&ED) Tax Credits
-TECTERRA’s Geomatics Funding Programs
-National Research Council’s Industrial Research Assistance Program (IRAP)
-Mitacs’ Research Internships
The Canadian Trade Commissioner Service manages the Canadian Technology Accelerators (CTA) in New York, San Francisco & Silicon Valley, Boston, and Philadelphia, global clusters for technology and entrepreneurship. This initiative provides those Canadian start-ups in information and communication technology, digital and social media, gaming, clean technologies, and life sciences with access to unique resources and contacts that foster their international growth.
The CTAs make available free office space for three to six months where physical offices are located within existing business incubators. The CTAs help you to refine your business model, collect competitive intelligence, pursue key clients, access financing sources, and engage strategic partners.
Fund Your Innovation - SR&ED Tax Credits and other Government GrantsBoast Capital
So now that you’ve started a business and have everything figured out you’ve started to look at alternative financing options. The non-dilutive options are great but what are the options and how do you access this cash? We will walk you through the SR&ED tax incentive program and discuss IRAP, IDMTC and other government grants available to help you build your product(s).
Alex Popa presented the answers to the following questions for DevFestYVR on Feb 21:
-What you need to know about the SR&ED program.
-How the SR&ED program applies to product and process development in the real world.
-What does the SR&ED claim process look like – a detailed walkthrough.
-How can I make this source of funding more reliable?
-What are some of the government grants available to help lower the cost of building a product? A look at IRAP, IDMTC, and other sources of funding.
Everything You Need to Know About IRAP FundingBoast Capital
NRC’s Industrial Research Program (IRAP) provides technical and business innovation advising, financial assistance, and industry connections to over 10,000 SMEs annually. Known as one of Canada’s best funding programs, IRAP offers financial assistance under 4 subprograms. This presentation covers:
-What is IRAP and what funding opportunities are available
-Who is eligible and what qualifies
-How to prepare a successful IRAP claim
-New updates and deadlines
-How it works with the SR&ED program
See the Whole Story: The Case for a Visualization PlatformEric Kavanagh
Seeing is believing, which is why data visualization continues to play a major role in helping businesses understand their data. But there's more than meets the eye. Underneath that stimulating surface layer, some data environments are much more organized -- and thus reliable -- than others. The key to success? Taking a platform approach to address the entire end-to-end process of delivering governed, scalable analytics.
Register for this episode of The Briefing Room to hear veteran Analyst Dr. Robin Bloor explain why a platform approach to visual analytics enables the kind of governance that today's organizations need. He'll be briefed by Dan Brault of Qlik, who will showcase his company's analytics platform which was built from the ground up with the design point of delivering analytics to everyone in an organization. He'll stress the importance of governance, trust and scalability.
Creating an organisation that thinks and acts togetherVicky Bradford
“We’re facing the worst financial crisis of our history and we need to create and organisation that thinks and acts together rather than throwing explosive arguments across the fence”.
Nordea Startup Accelerator Program powered by Nestholma
Check out more info about the program and applying at http://www.nestholma.com/nordea-accelerator.
Discover how we are accelerating learning as well as enabling our Accenture professionals to build career equity, to shine and bring passion to the fast-paced, innovative Workday platform
WS "Strategic sustaining innovation and beyond" by Pascal Miserez @evitiveCorporate Startup Summit
Innovation Practitioners, Senior Leaders and
(Corporate) Venture Capitalists will discuss the
major flaws highlighted by evitive's latest study
on Corporate Innovation and explore ways to
address them effectively. Issues covered range
from orchestrating innovation to innovation
governance, incentive systems and financing.
The session concludes with a selection of
proven practice recommendation from evitive.
Kent Business School Open innovation Network (Presentation: 23 January 2014) ...Kent Business School
Designed to bring organisations – large and small - together who are interested in developing innovation both internally and collaboratively with others.
It’s broadly accepted that Business Incubators can increase survival rates of startups dramatically. Claritaz Business Incubator (CBI) provides support and all form of infrastructure to small business that are just starting out. We also provide a conducive environment for business ideas to be conceived.
http://www.claritaz.com/Business-Incubation.html
CB Insights’ Growth Collective demystifies the growth strategies of the world’s largest organizations. We surveyed 365 corporate venture capital arms to understand how CVCs govern, set objectives, compose their teams, embed processes, and use technology. This research is the most comprehensive look at how CVCs operate and drive growth in their organizations. Growth Collective members also have access to best practices and tools to better deliver on their corporate venture capital goals.
Innovation via Incubator and Accelerator - Does it really work? Insights from reality
by Holger Greif, Partner and Head of Digital Transformation @PwC Switzerland
Companies are faced with "Digitalization", "Disruption", "Startups attacking their value proposition" and many many other buzzwords. Their answer to the Innovation challenge is via Incubators and Accelerator formats, building their Innovation Center and building own teams. Holger will give insights into "reality" - what does work and where to companies play "Innovation theatre".
This presentation is the blueprint for building an incubator on a community college campus; the case study is the Center for Entrepreneurial Innovation (CEI) in Phoenix, Arizona. Topics include: how to acquire funding, internal support from college faculty and staff, and program best practices. (Presented at NACCE Conference, Tuesday, October 14, 2014, by Susie Pulido and Jeff Saville)
Proposal for a Tech Incubator in Peel RegionIT Club GTA
Bjoern Kingsley and Jason Lavigne are proposing developing a 6,500 square foot ICT Business Incubator offering the Region of Peel services including: business incubation and acceleration; public-private funding and collaboration in the areas of business and technology development, research and education; mentorship and coaching for entrepreneurs; focus programs for female tech entrepreneurs and foreign investors, businesses and talent.
This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here:
http://flevy.com/browse/business-document/canvassed-in-a-business-it-strategy-canvas-baseline-roadmap-291
The "Deliver Business Value with IT" series provides a good overview and actionable material of the ways a CIO can provide valuable and effective support to your company strategy and leverages business model concepts to deliver business value from IT. Martin Palmgren propose an extremely solid piece of work that comes across as the A-Z reference of how to execute and implement IT strategy from a CEO and CIO level perspective."
Executive Summary:
The CIO and the IT Department need to position as premium provider of IT services and focus on value to cost.
Link4Success Corporate Slides October 2017Leon Bruggeman
CREATIVITY, INNOVATION, PRODUCTIVITY
Being different and diverse can be very effective for creativity, innovation, productivity, and results.
Having hands-on experience in both corporate & start-up worlds and using 4 pillars to add value to the innovation ecosystem is really a breakthrough.
To find out more the attached presentation sheds a lot of light. Enjoy.
The Center for Entrepreneurial Innovation (CEI) is a leading business incubator in Phoenix, Arizona, providing services and support to tech entrepreneurs in the region. This presentation, from Susie Pulido of the Maricopa Corporate College, will showcase how to build a incubation program and facility that offers relevance for startup companies for optimal impact and also diversified revenue streams for sustainability. *Note: This presentation was first given at the National Association for Community College Entrepreneurship (NACCE) 2015 Annual Conference in Houston, Texas; October 2015.
Everything You Need to Know About US R&D Tax CreditsBoast Capital
Each year the US government provides over 10 billion dollars to businesses for developing new or improving existing technologies, products and materials under the R&D tax credit program.
The program can be complicated to navigate. This presentation aims to unravel the mystery. Specifically you will learn:
-What qualifies for R&D tax credits,
-How much can you get back from the government,
-How can you utilize the tax credits,
-What are the filing and documentation requirements,
-What are the risks involved.
Webinar: Everything You Need to Know to Claim SR&ED Tax CreditsBoast Capital
During the "Everything You Need to Know to Claim SR&ED Tax Credits", Jeff Christie discussed:
-What the program is
-Who qualifies and what can you claim
-How credits are calculated
-What you need to be doing now to increase your chances of a successful claim
Nordea Startup Accelerator Program powered by Nestholma
Check out more info about the program and applying at http://www.nestholma.com/nordea-accelerator.
Discover how we are accelerating learning as well as enabling our Accenture professionals to build career equity, to shine and bring passion to the fast-paced, innovative Workday platform
WS "Strategic sustaining innovation and beyond" by Pascal Miserez @evitiveCorporate Startup Summit
Innovation Practitioners, Senior Leaders and
(Corporate) Venture Capitalists will discuss the
major flaws highlighted by evitive's latest study
on Corporate Innovation and explore ways to
address them effectively. Issues covered range
from orchestrating innovation to innovation
governance, incentive systems and financing.
The session concludes with a selection of
proven practice recommendation from evitive.
Kent Business School Open innovation Network (Presentation: 23 January 2014) ...Kent Business School
Designed to bring organisations – large and small - together who are interested in developing innovation both internally and collaboratively with others.
It’s broadly accepted that Business Incubators can increase survival rates of startups dramatically. Claritaz Business Incubator (CBI) provides support and all form of infrastructure to small business that are just starting out. We also provide a conducive environment for business ideas to be conceived.
http://www.claritaz.com/Business-Incubation.html
CB Insights’ Growth Collective demystifies the growth strategies of the world’s largest organizations. We surveyed 365 corporate venture capital arms to understand how CVCs govern, set objectives, compose their teams, embed processes, and use technology. This research is the most comprehensive look at how CVCs operate and drive growth in their organizations. Growth Collective members also have access to best practices and tools to better deliver on their corporate venture capital goals.
Innovation via Incubator and Accelerator - Does it really work? Insights from reality
by Holger Greif, Partner and Head of Digital Transformation @PwC Switzerland
Companies are faced with "Digitalization", "Disruption", "Startups attacking their value proposition" and many many other buzzwords. Their answer to the Innovation challenge is via Incubators and Accelerator formats, building their Innovation Center and building own teams. Holger will give insights into "reality" - what does work and where to companies play "Innovation theatre".
This presentation is the blueprint for building an incubator on a community college campus; the case study is the Center for Entrepreneurial Innovation (CEI) in Phoenix, Arizona. Topics include: how to acquire funding, internal support from college faculty and staff, and program best practices. (Presented at NACCE Conference, Tuesday, October 14, 2014, by Susie Pulido and Jeff Saville)
Proposal for a Tech Incubator in Peel RegionIT Club GTA
Bjoern Kingsley and Jason Lavigne are proposing developing a 6,500 square foot ICT Business Incubator offering the Region of Peel services including: business incubation and acceleration; public-private funding and collaboration in the areas of business and technology development, research and education; mentorship and coaching for entrepreneurs; focus programs for female tech entrepreneurs and foreign investors, businesses and talent.
This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here:
http://flevy.com/browse/business-document/canvassed-in-a-business-it-strategy-canvas-baseline-roadmap-291
The "Deliver Business Value with IT" series provides a good overview and actionable material of the ways a CIO can provide valuable and effective support to your company strategy and leverages business model concepts to deliver business value from IT. Martin Palmgren propose an extremely solid piece of work that comes across as the A-Z reference of how to execute and implement IT strategy from a CEO and CIO level perspective."
Executive Summary:
The CIO and the IT Department need to position as premium provider of IT services and focus on value to cost.
Link4Success Corporate Slides October 2017Leon Bruggeman
CREATIVITY, INNOVATION, PRODUCTIVITY
Being different and diverse can be very effective for creativity, innovation, productivity, and results.
Having hands-on experience in both corporate & start-up worlds and using 4 pillars to add value to the innovation ecosystem is really a breakthrough.
To find out more the attached presentation sheds a lot of light. Enjoy.
The Center for Entrepreneurial Innovation (CEI) is a leading business incubator in Phoenix, Arizona, providing services and support to tech entrepreneurs in the region. This presentation, from Susie Pulido of the Maricopa Corporate College, will showcase how to build a incubation program and facility that offers relevance for startup companies for optimal impact and also diversified revenue streams for sustainability. *Note: This presentation was first given at the National Association for Community College Entrepreneurship (NACCE) 2015 Annual Conference in Houston, Texas; October 2015.
Everything You Need to Know About US R&D Tax CreditsBoast Capital
Each year the US government provides over 10 billion dollars to businesses for developing new or improving existing technologies, products and materials under the R&D tax credit program.
The program can be complicated to navigate. This presentation aims to unravel the mystery. Specifically you will learn:
-What qualifies for R&D tax credits,
-How much can you get back from the government,
-How can you utilize the tax credits,
-What are the filing and documentation requirements,
-What are the risks involved.
Webinar: Everything You Need to Know to Claim SR&ED Tax CreditsBoast Capital
During the "Everything You Need to Know to Claim SR&ED Tax Credits", Jeff Christie discussed:
-What the program is
-Who qualifies and what can you claim
-How credits are calculated
-What you need to be doing now to increase your chances of a successful claim
Everything You Need to Know to Claim & Finance Your R&D Tax CreditsBoast Capital
Boast and Espresso have teamed up to host a webinar titled “Everything You Need to Know to Claim for, and Finance Your SR&ED Tax Credits”. During this webinar we will cover what type of work technically qualifies for the program, the types of expenditures that you can recover, as well as the potential returns you could receive. Espresso Capital will also speak about different financing options available to be able to realize your SR&ED return in a timely manner.
How to Use Documentation & Time Tracking to Maximize Your SR&ED ClaimsBoast Capital
Did you know that inadequate documentation and time tracking are the most common reasons the Canada Revenue Agency (CRA) denies Scientific Research & Experimental Development (SR&ED) claims? In this slideshare, you will learn:
-How to automate and easily track labour time and costs associated with SR&ED eligible projects
-How to justify your claim to CRA reviewers with detailed documentation and reporting
-Documentation and time tracking tools and methods used by successful claimants.
Smooth Operator – Managing an Operating Business SuccessfullyBoast Capital
You have founded your company and raised capital. Now it is time to operate your business. What are the legal aspects that you need to pay attention to? This webinar covers the knowledge and tools you need to make decisions and manage your business successfully.
Webinar: The Do's and Don'ts of Claiming SR&ED Tax CreditsBoast Capital
On Feb 19, Jeff Christie delivered a webinar on the Do's and Don'ts of Claiming the Scientific Research & Experimental Development (SR&ED) tax credit. Here are the slides from the presentation.
Building Blocks: Structuring & Organizing Your Company Boast Capital
Selecting the right legal structure is one of the most important decisions you will make when starting and growing a business. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money, go public, or exit.
When structuring your company, one size does not fit all. There are several factors to consider, such as initial shareholders, classes of shares, vesting, industry, growth plan, finance plan, etc. which will be covered in this webinar. Specifically you will learn:
-Types of Business Entities – impact of CCPC vs. Non-CCPC
-The Founders’ Prenup – Shareholder Agreements
-Directors & Officers – roles, obligations and liabilities
-Shareholders – rights and risks
Corporate Finance for Early & Growth Stage CompaniesBoast Capital
Running a business requires capital, but how do you determine which funding option is the best fit?
Gain the knowledge and tools you need to make decisions regarding financing sources and avoid common pitfalls. Specifically you will learn:
-Equity vs Debt
-Friends & Family vs Angels vs VCs/Negotiating the Term Sheet
-Bank Debt
-Mezzanine / Bridge Financing
-R&D tax and government funding
Your SR&ED and Intellectual Property PrimerBoast Capital
IP ownership is an important topic that comes up frequently when companies claim SR&ED. During this webinar, Boast Capital asked PCK to share more info about getting into the patent system, IP protection and how it impacts companies.
Jumpstart: The Guide To Growing A Startup With Inbound MarketingHubSpot
Jumpstart your startup with inbound marketing. A simple guide for entrepreneurs that want to grow their business using SEO, blogging and social media. From the makers of the original #CultureCode deck
Innovation Funding for Growth-Oriented Companies in EdmontonBoast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
We share information about three of Canada's innovation funding programs during this exclusive Lunch & Learn at TEC Edmonton on February 3, 2015. These slides cover the following topics:
-Scientific Research & Experimental Development Tax Credit (SR&ED) presented by Jeff Christie, Boast Capital
-Mitacs research internships
-NRC IRAP
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014Boast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
Learn more about a few of Canada's innovation funding programs:
-Scientific Research & Experimental Development Tax Credit (SR&ED), slides presented by James Suk, Boast Capital
-Small Business Grants, slides presented by Stephanie Sang, Granted Consulting
-Sustainable Development Technology Canada (SDTC) slides presented by Paul Austin, Regional Director of Partnerships
One of the biggest challenges of starting a company is to maintain a steady cash flow. An entrepreneur's worst nightmare is: "What if I run out of money!"
Jo Van Betsbrugge is an Innovation Advisor at the National Research Council’s Innovation Access circa November 2013. He will be sharing his experiences with you on: starting and running a company in Quebec, and will demisify exactly how he successfully raised over $1M without the help of venture capital.
He helps entrepreneurs and small and medium-sized businesses navigate through the multitude of available innovation support programs offered by provincial and federal governments.
A Crash Course in Canadian Non-Dilutive FundingBoast Capital
Learn about the different government funding programs in Canada so you can grow your business without giving up the equity you worked so hard to build.
Presentation of the Canadian Scientific Research and Experimental Development Tax Incentive Program. This presentation was produced for the Simon Fraser University BUS750 course in the fall of 2015 as part of the Management of Technology MBA program.
The North of Scotland is in the midst of a full-scale transformation. Building on a well-established reputation as a global energy hub, the North is fast becoming a key destination for emerging innovation across an increasing range of sectors.
The DIGIT North Summit is designed to bring IT and Digital leaders together and drive practical innovation through shared learning. The event will facilitate cross pollination between key industries, from traditional sectors like Oil & Gas and Agriculture to high-growth fields like: Life Sciences, Biotech, Gaming, Fintech and Space.
The programme will contextualise the key emerging technologies and industry disruptors, and consider the vital role that IT and Digital leaders will play in ensuring organisations can thrive amid a backdrop of market change and economic volatility.
PKF Francis Clark is delighted to present our 13th annual Finance in Cornwall event on Tuesday 25th June 2019.
Delegates will hear from more than a dozen sources of funding and business support via short presentations and panel discussions, with the opportunity to ask questions and network with other local business owners and directors and professional advisers.
This year we have also teamed up with Cornwall Lenders Forum (a Cornwall Chamber of Commerce initiative), Acceleration Through Innovation and Cornwall Trade and Investment.
We have welcomed over 150 people to the event each year and we recommend that you reserve a place if you are thinking about expanding or investing further in your business in Cornwall.
KTN Digital and Creative Business Briefing August 2019 with information on events, funding and support initiatives for innovative UK based digital businesses
SpringBoard - Funding Innovation in Saskatchewandivyesh26
New products are essential to the long term survival of all companies, including those that are focused on exporting their products.
Local Saskatchewan R and D infrastructure and resources can and should be leveraged by companies to further develop their product pipeline at a fraction of the cost of going alone.
Orangekloud x Construction Seminar: Mobility Solutions for the Construction I...Orangekloud
In this seminar, we covered the following topics.
1. Introduction to Orangekloud
2. Digital Transformation and Its Implications for the Construction Industry
3. Demo of Construction Workflow Apps and Their Advantages
4. Grants and Schemes Available for Singapore SMEs
12 Step Community Led Growth Playbook - Lloyed LoboBoast Capital
Community-led growth is taking center stage at organizations across all industries. With traditional marketing techniques reaching a saturation point and product features appearing to differ very little, a thriving community can become your single greatest asset by acting as a force multiplier for your business and also enabling you to stand out in a fragmented market.
However, building and nurturing a community takes time - relationships cannot be an afterthought. When put front and center, a community can be a great acquisition channel, product feedback mechanism, brand differentiator, and retention lever.
In this session, Lloyed Lobo, Cofounder of Boast.AI shares how they were able to bootstrap to 8 figures in revenue by building a community of +100k people called Traction and the key lessons learned along the way.
Specifically, Lloyed covers:
- Audience vs community, what is the difference
- Getting your community started, bringing people together, and seeding it at the beginning
- How to ensure your community sticks and sustains for the long haul
- The most impactful way to add new members
- Unique strategies and tactics to keep the community engaged and drive interpersonal connections between members
- The key metrics for community success
- Tools to manage the community
Bio below
Lloyed is the Co-founder of Boast.AI fintech platform that automates access to billions in R&D tax credits and government funding to help innovative companies fuel their growth. Boast.AI was bootstrapped to 8 figures in revenue before it raised a $30 CAD Series A and launched a $100M debt fund to finance R&D.
Lloyed also runs Traction, a community of +100k innovators where leaders from the fastest growing companies share learnings on building, growing, and scaling companies via weekly webinars, regular meetups, and conferences.
Lloyed has been covered in Forbes, TechCrunch, Fox Business, SF Biz Journals, and VentureBeat. He has also been a speaker at top conferences and podcasts including SaaStr, Entrepreneurs on Fire, Mixergy, 1Mby1M, and Marketing School.
- LinkedIn: https://www.linkedin.com/in/lloyedlobo/
- Website: https://tractionconf.io
- YouTube: https://www.youtube.com/c/TractionConf/videos.
- Spotify: https://open.spotify.com/show/6twRL8X8D4CQq9yaazkvuM
- Apple: https://podcasts.apple.com/us/podcast/traction/id1595806788
SR&ED (Scientific Research and Experimental Development) Tax Credits 101Boast Capital
Each year the Canadian government provides billions of dollars to businesses for developing new or improving existing technologies, products, and materials under the Scientific Research and Experimental Development (SR&ED) tax credit program.
There is a common misconception that the SR&ED program only applies to companies with scientists performing research work in a lab, when in reality, the program was designed to support research and experimentation in all industries, from life science and manufacturing to software development, oil and gas, agriculture and beyond. Companies large and small as well as privately-owned and foreign-owned can claim SR&ED.
The SR&ED program is complex and requires a technical and financial justification of your R&D efforts to the Canada Revenue Agency (CRA).
About 25% of the SR&ED claims get audited and your claim stands to get denied or reduced if you have inadequate documentation and time tracking.
Additionally, it takes 18+ months from the start of your fiscal year until you receive your SR&ED refund.
In this guide, we’ll share how to increase your SR&ED claims, reduce audit risk, and file your claims quickly.
R&D Tax Credits - How To Get $250,000 From The IRS For Your Product DevelopmentBoast Capital
Each year the US government provides over 10 billion dollars to businesses for developing new or improving existing technologies, products and materials under the R&D tax credit program.
The program can be complicated to navigate. This presentation aims to unravel the mystery. Specifically you will learn:
-What qualifies for R&D tax credits,
-How much can you get back from the government,
-How can you utilize the tax credits,
-What are the filing and documentation requirements,
-What are the risks involved.
Canadian Grants: A Crash Course in Non-Dilutive FundingBoast Capital
Learn about the different government funding programs in Canada so you can grow your business without giving up the equity you worked so hard to build.
Two Ways To Skip a VC Round With Alternative Funding Boast Capital
Many entrepreneurs assume that VC is the only way get the kind of funding they need. The truth is only 1% of U.S. startups get VC funding. And for many young companies, spending months to raise venture capital and dilute equity early can be detrimental to the business. Skipping a round of equity financing preserves founders' wealth in the long run and helps them maintain control of the business.
In this webinar, BJ Lackland, CEO of Lighter Capital and Lloyed Lobo, Co-founder of Boast Capital will share two alternative funding methods that can help you extend runway and grow without diluting the equity you worked so hard to build.
In this 45 minutes webinar we will cover:
- Why it's beneficial to skip a round
- What are some alternative funding methods to traditional VCs
- Q&A
Time Tracking for SR&ED Claims 101 - Oct 23, 2014Boast Capital
Did you know that inadequate time tracking is one of the most common reasons the Canada Revenue Agency denies Scientific Research & Experimental Development (SR&ED) tax credit claims?
Whether you've claimed before or are just learning about the SR&ED program, join Boast Capital on Thurs, Oct 23 from 4 - 6 pm to discuss how you can support your next SR&ED claim. You will learn:
-What types of projects are eligible for SR&ED and how to claim
-What the CRA requires for time tracking and documentation and what you should be doing
-What a CRA Review consists of and how you can prepare
Spots are limited so don't miss out!
"The Many C's of Grant Writing Success" was developed and presented by Douglas Hagedorn, Founder of Tactalis on July 3, 2014. Douglas presented a workshop on Grant Writing for Startups.
Kleiner Perkins Caufield Byers (KPCB) Internet Trends - Code ConferenceBoast Capital
The latest edition of the annual Internet Trends report includes:
1. Key Internet trends showing slowing Internet user growth but strong smartphone, tablet and mobile data traffic growth as well as rapid growth in mobile advertising.
2. Emerging positive efficiency trends in education and healthcare.
3. High-level trends in messaging, communications, apps and services.
4. Data behind the rapid growth in sensors, uploadable / findable / shareable data, data mining tools, and pattern recognition.
5. Context on the evolution of online video.
6. Observations about online innovation in Chin
Everything You Need to Know to Claim SR&ED Tax CreditsBoast Capital
This webinar was hosted by Boast Capital on April 23, 2014. The following slides cover:
-SR&ED Overview
-Industry Examples
-Recoverable Amounts & Qualifying Expenditures
-Program Changes
-Financial & Technical Tracking
-Timeframe for Claiming
-CRA Reviews
-About Boast Capital
If you have any questions or would like further clarification about the tax credit program, please email us at info@boastcapital.com or visit our website for more info: www.boastcapital.com
This presentation walks you through the Scientific Research and Experimental Development (SR&ED) tax credits program. This is a Federal Tax incentive program for Innovation administered by the Canada Revenue Agency (CRA).
Innovate Calgary's Presentation on Perfecting the Investor Pitch at Startup W...Boast Capital
This is a presentation by Alex Raczenko, EIR at Innovate Calgary in Alberta at Startup Weekend on July 12, 2013. Alex discusses the 12 key questions every entrepreneur needs to answer before raising outside capital. Following this presentation you will be able to perfect your investor pitch.
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
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What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
7. | 7
WHO CAN CLAIM?
CCPC = Canadian Controlled Private
Corporations
Non-CCPC = Foreign or Publically
Owned Corporations
Partnerships
8. | 8
WHAT CAN YOU CLAIM
Non-arms length subcontractors
*Salaries and sub-contractors MUST be
Canadian tax payers
9. | 9
CCPC AND SME
SME = Small to medium sized enterprise generating less
than $500K in taxable net income in the prior fiscal year
ITCs are refundable ($$$)
* Salaries and sub-contractors MUST be Canadian tax payers
10. NON-CCPC or LARGE CCPC
| 10
ITCs are non-refundable
ITCs can be carried back 3 years or forward
indefinitely
* Salaries and sub-contractors MUST be Canadian tax payers
15. | 18
HOW TO FILE
Claim is submitted with your corporate tax
return
– One set of tax schedules for Federal
– Another set of tax schedules for Provincial
16. | 14
WHEN TO CLAIM?
18 Months Past Fiscal Year End
Current Claim = Within 6 mo
Amended Claim = Within 7 to 18 mo
17. | 15
TURNAROUND TIMES
From receipt of a complete claim:
CCPC Current Claim – 4 mo
CCPC Amended Claim – 8 mo
Non-CCPC Claim – 12 mo
The CRA only took 68 days, on average, to
process a CCPC current claim in 2012.
18. | 18
CRA REVIEWS
CRA Review ≠ Tax Audit
Multiple types of CRA Reviews:
First Time Claimant Advisory Service (FTCAS)
Desktop
Financial
Technical & Financial
19. | 19
THE DO’S AND DON’TS
Do’s for Companies:
Pay yourself and staff
Start time tracking and proper
documentation now
Incorporate your company and
ensure clear IP ownership
20. | 20
THE DO’S AND DON’TS
Don’ts for Companies:
Underestimate the importance
of documentation
Focus on the business
opportunity
Leave your SR&ED claim until
the last minute
21. | 21
HOW WE WORK
Contingent
Scope your claim upfront and invoice when your claim is
successful
Efficient
Only require interviews & documentation
Proactive
Ongoing engagement and future recommendations
22. | 22
WHY WORK WITH US
Highly reputable
Technology-focused
Efficient
Well-connected
23. | 23
JEFF CHRISTIE
PARTNER
403 589 2809 | jchristie@boastcapital.com
BoastCapital.com | @BoastCapital | @ChristieLuge
For more info on R&D tax credits and other innovation funding programs,
subscribe to our newsletter.
24. Good Cents for
Geomatics
Innovation Funding Lunch and Learn
Calgary, November 18th , 2014
30
Richard C. Gorecki, M.Sc.
Director of Portfolio Development
25. Who is TECTERRA?
We help Canadian Geomatics technology SMEs achieve
commercial success faster than they could on their own.
We fund product development & commercialization, create
new jobs, build expertise in companies, and provide access to
state-of-the-art technology.
We help applied research groups bring their innovative
technology to market.
We are the only choice for geomatics SMEs that require a
comprehensive range of services, efficiently delivered,
without giving up control, IP or equity.
31
26. What is Geomatics?
32
Mapping Surveying
Good Cents for Geomatics
Cartography
Photogrammetry
Remote Sensing
Geodesy
Positioning
Navigation
29. Our Approach
35
Commercializati
on
Projects
Highly
Qualified
Personnel
(HQP)
Developmen
t
Networkin
g
Facilitation
30. TECTERRA’s Programs
An effective catalyst for the commercialization of geomatics
technology for integrated resource management and other
geospatial applications across Canada
36
None of TECTERRA’s programs requires IP or equity sharing
31. Industry Investment Program
37
Product
Development
&
Commercialization
$100K - $500K
50% of Project Cost
Geomatics SME
IND
2015 Min. 1 HQP
Good Cents for Geomatics
32. Industry Investment Model
Innovation not invention
Solid business plan
Skin-in-the-Game – 50/50
Repayable Investment – 0% interest loan (forgivable)
No encumbrance – No IP/equity sharing
Risk mitigation measures
38
33. GEO-Placement: Creation of Industry Jobs
39
GEO
1 HQP
Tech/Business
Up to $50,000 Grant
(non-repayable)
50% of Salary
1 Year
Alberta Geomatics
Start-Up & Small Companies
2015
Good Cents for Geomatics
34. CSS: Commercialization Support Services
40
CSS
Business Support
- Marketing
- Finance
- Operations
- HR
$50,000 Grant
(25% repayable)
Approved Service
Providers
Geomatics
Start-Up & Small Companies
Ongoing!
35. TAP: Trade-Show Attendance Program
41
Tradeshows & Conferences
$15,000 Grant
(non-repayable)
Up to two delegate registrations / event
Booth registration
Three hotel-room nights / event
Up to TWO events / year
TAP
Geomatics
Start-Up & Small Companies
Ongoing!
36. Geomatics Lab
State-of-the-art equipment for
technology development
Free-of-charge access for TECTERRA
portfolio companies & projects
Highly-subsidized rates for non-portfolio
companies & projects
Book your access time today!
42
Ongoing!
37. TECTERRA’s Funding Programs @ a Glance
43
Program Target Support Payback IP or Equity
IND SME Commercialization Projects $150 - $500k
CSS Commercialization Support Services Up to $50k
25%
TAP Tradeshow Attendance Support Up to $15k
Geomatics Lab State-of-the-art Equipment Access & Utilization
Training Industry & Graduate Students HQP Development
Good Cents for Geomatics
39. 45
investing in innovation
www.tecterra.com admin@tecterra.com @TECTERRA TECTERRA
40. Delivering innovation
through research and
development
Eric Loo, PhD
Business Development
Specialist
November 17, 2014
Boast Capital
Innovation Funding Lunch and Learn
wwwwww.m.mitaitcasc.csa.ca 46
41. Agenda
Why Mitacs?
Talent supply chain
Research outcomes
Mitacs programs
Contact information
www.mitacs.ca 47
42. Why Mitacs?
National research network
15 years in operation
37 research partners
61 university partners
Almost 10,000 research projects to solve business
problems and drive innovation
www.mitacs.ca 48
44. Why Mitacs?
The Mitacs network
Small & medium business
Large business
Government
Not-for-profit & hospitals
Computer science
Engineering
Anthropology
Economics
Chemistry
Geography
Health sciences
Genetics
Social work
Forestry
History
Languages & linguistics
Mathematics
Business
Education
Interactive arts
Psychology
And more…
www.mitacs.ca 50
45. Why Mitacs?
Research talent supply chain
Attract Train Retain Deploy
Best and
brightest
research talent
With industry-ready
skills and
experience
Talent locally to
enhance
Canadian industry
Researchers to
drive innovation
outcomes
www.mitacs.ca 51
48. Why Mitacs?
Business Advantages
Access expertise not currently in-house
Leverage R&D budget and claim
SR&ED tax credits
Gain a competitive advantage
Tap into a national research network
Develop IP
Researchers paid by Mitacs: not a
company employee
Pipeline for recruitment of talent
Mitacs assistance throughout
application process
Academic
Industry
Industry
International
www.mitacs.ca 54
49. Why Mitacs?
Research Outcomes
Pulp mill saves $40,000/year
Robotics company enhances drone
aircraft camera prototype
Biotech firm commercializes one-step
food testing kits
New generation greenhouse lighting
results in higher crop yields
Enhanced GPS navigation technology
commercialized
www.mitacs.ca 55
50. Building research collaborations
Large-scale, multidisciplinary projects
From $15,000 to $2M+
Development of IP
Top research talent
Matching funding
Scalable projects
Quick application – 6 week approval
www.mitacs.ca 56
51. Mitacs Accelerate
Standard build
$7,500
Mitacs
$15,000
Over 4-6 months
$10,000
minimum intern
stipend
$5,000
other project-related
expenses
$7,500
Industry
• Grad student (MSc or PhD) and
Postdocs
• Clearly defined project objectives
• 50/50 time commitment at both the
industry and academic sites
• Ensure active collaboration
• Multiple Internships
– 2 max per Masters Student
– 6 max per PhD Student
– 6 max per Post-Doc
www.mitacs.ca 57
52. Mitacs Accelerate
Scalability: build large-scale projects,
“clusters”
4 months 4 months 4months 4 months 4 months 4 months
First 1 to 5 internship units: industry funding matched 1:1
6 internships $80,000 (cluster) $44,000 from Mitacs, $36,000 from
partner. Minimum 3 interns.
Access researchers from multiple disciplines for the same
research project
www.mitacs.ca 58
53. Mitacs Accelerate
Cluster build
• Extra leverage for medium to
large projects
• Higher ratio of funds matching
• Minimum 3 students
• Can be split among different
research groups
• Scalable: each additional $18K
from industry generates $22K
from Mitacs
$80,000
$36, 000 Industry
$44,000 Mitacs
$10,000
Stipend
$10,000
Stipend
$10,000
Stipend
$10,000
Stipend
$10,000
Stipend
$10,000
Stipend
$20,000
other project-related
expenses
www.mitacs.ca 59
54. Three-year PhD Fellowships
Long-term research collaboration
$90,000 in total funding
$25,000 stipend + $5,000 research costs
annually
Peer-reviewed, open to all disciplines and
international students
Professor may recruit PhD after project
approval
Next call opens
Early 2015
Annual: $12,000 from partner, $18,000 from
Mitacs = $30,000 total grant.
www.mitacs.ca 60
55. Mitacs Accelerate
Partners
Business with facilities in Canada
Domestic or foreign-owned
May include
– Utility providers
– University spin-offs
– First Nations development corporations
– Industry associations
Limited: hospitals, NGOs, municipalities, government
agencies, not-for-profit
www.mitacs.ca 61
56. Develop in-house R&D capacity
Two-year projects
Postdoctoral expertise
Leveraged funding
Relationships with experts
Evaluation of potential
employees
Access to specialized software
and equipment
Next call
Open now
Closes Dec. 3
www.mitacs.ca 62
59. Next Steps
Contact me to discuss research
goals:
Calgary
Victoria Hodgkinson-Brechenmacher
Business Development Specialist
Mobile: 403-461-7262
Email: vhodgkinson@mitacs.ca
Find a local representative:
mitacs.ca/accelerate/contact-us
Edmonton
Eric Loo
Business Development Specialist
Mobile: 587-335-3778
Email: eloo@mitacs.ca
www.mitacs.ca 65
Editor's Notes
Welcome, introductions, format of presentation (length, will be sharing notes after and posting on Slideshare)
Welcome, introductions, format of presentation (length, will be sharing notes after and posting on Slideshare)
Hi my name is _____ and I’m a/the______ at Boast Capital.
Boast Capital is made up of a team of engineers and financial professionals with over 20 years experience successfully claiming and maximizing SR&ED.
What makes us different from other providers is that we take a technology-first approach to SR&ED claims. We have a software or mechanical engineer work on your claim as opposed to a junior accountant.
Boast Capital has an office in Calgary, Vancouver and Sunnyvale in Silicon Valley.
Our areas of expertise include:
Software Development
ICT
Oil and Gas Services
Manufacturing
Agriculture
Now, let’s dive into what SR&ED is exactly.
About SR&ED Program:
Federal and Provincial tax incentive program that allows companies to recover cost associated with R&D
Program is intended to encourage businesses of all sizes to conduct applied research and development (R&D) that will lead to new, improved, or technologically advanced products, processes, principles, methodologies, or materials
Can recover a significant credit that can be re-invested into your growing business
More Specifically:
SR&ED (commonly pronounced SHRED) stands for Scientific Research and Experimental Development
Scientific Research (SR) is usually carried out in Universities/Laboratories
Experimental Development (ED) is considered a majority of the claims (95%)
CRA defines this as “Work performed for the purpose of creating new, or improving existing, materials, devices, products, or processes”
Can occur in various industries (both low and high tech)
SR&ED is a tax credit. The benefits are called investment tax credits or ITCs.
In 2013, CRA provided about $3.4B in assistance to 22,000 claimants.
(In 2012, they provided over $3.6B 22,000.)
Three criteria to qualify for SR&ED:
1. Technology Advancement Sought – explain with a relevant example
2. Technological Uncertainties, Obstacles, or Challenges – explain with relevant example
3. Technical Content (Iterations) – explain with relevant example
Other examples in ICT include: (*Switch these examples and images so it is targeted for the audience)
Combining existing technology or software that was not intended to work together
Developing new software
Improving software to work with legacy systems
Developing new down hole tools or fluids
Adapting a product for use it was not intended to be used for
*Explain CCPC and non-CCPC and provide company examples that people would be familiar with.
We are going to focus on Corporations for this discussion.
If you have a proprietorship or partnership, let’s discuss one on one after the presentation.
SME = Small to medium sized enterprise generating less than $500K of revenue per fiscal year
For 2014:
Salaries ~64% (Work must be carried out in Canada. Only 10% or work can be performed outside of Canada)
Sub-Contactors ~ 32% (Calculated on 80% of expenditures)
Materials ~40%
ICTs are refundable for Canadian controlled SMEs. This means that you can receive a cheque, assuming you’ve paid all your income tax owing.
Note: Capital expenditures ends after 2013.
Foreign owned corporations, publically-traded, or Canadian controlled companies that are earning more than $500K in revenue per year qualify for the following returns:
For 2014:
Salaries ~36%
Sub-Contactors ~ 18% (Calculated on 80% of expenditures)
Materials ~28%
Lowered the federal SR&ED return rate from 20% to 15% as of Jan 1, 2014
ITCs are non-refundable. They are simply tax credits that be carried back 3 years or forward indefinitely.
What about overhead?
Proxy vs Traditional Method
In 2014, it is 55%. For 2013 claims, it is 65%
ICT Software Case Study:
Developing software platform to integrate their customer relationship management system and their operations management system.
This works out to roughly $210K of eligible salaries per year.
Using the proxy overhead method and assuming the company is a Canadian-controlled SME based in Alberta, they qualify for a return of $135K in ITCs (cheque, since SME)
That’s roughly the equivalent of two more developer hires!
If this pattern continued over 3 years, that’s $405K of ITCs
What better way to improve your bottom line without adding more resources?
3 developers. $130K per year – one if front end, two are backend. Backend guys qualify for about 70% of their time and collectively earn $140K per year.
$140K total between the two.
How much time is applicable?
Numbers
3 developers. $130K per year – one if front end, two are backend. Backend guys qualify for about 70% of their time and collectively earn $140K per year.
$140K total between the two.
How much time is applicable?
Numbers
$140,000 - $84,000 - $53,760
$193,706 - $116,256 - $74,403
$214,403 – 128,642 - $82,331
$210,494 on $420,000
So you think you might qualify? Here’s what you need to be doing right now.
Technical documentation needs to be:
Contemporaneous – documented at the time of the experimentation.
Highlight technical obstacles or challenges
Dated
Examples of documentation: Timesheets, Engineering notebooks, Versioning Control on software Iterations, Whiteboard images, Emails.
Just be aware. Some agile software development teams have needed to implement a better documentation system for their SR&ED eligible projects.
Each company works very differently - we can help you set up an efficient system for your company.
Time Tracking
Financial Tracking - What needs to be tracked from a financial/accounting perspective and give some tips on how to do that
18 Months past the fiscal year end
Current Filing= 6 Months to file taxes after fiscal year end
Amended Filing= 7 Months to 18 month past fiscal year end
CRA’s success rate at meeting these turnaround times is 96%
A CRA Audit is not to be confused with a tax audit. The CRA only reviews SR&ED expenditures and technical work.
Multiple Types of Reviews:
Desktop
Financial only
Technical & Financial
FTCAS – new service launched Jan 2014, it is an in-person meeting with the CRA to review your first submitted claim and to set you up for success for the next claim.
Will happen every 4/5 years
Most important way to support a review claim is documentation and time tracking.
Keep in mind, just because your claim has been approved, doesn’t mean that it’s been fully reviewed.
Just because you are at a higher risk of an audit, doesn’t mean you shouldn’t submit a claim. If you have documentation to support your claim, you should be fine and we are with you every step of the way.
Recommended approaches for claiming R&D grants:
Pay yourself or staff (sweat equity is $0 equity)
SR&ED require spend / NRC – solid business model
Incorporate company and ensure clear IP ownership. Company vs contractor
Common pitfalls for technology startups:
Poor documentation of dev activity and financials- also important for business.
Focus on business opportunity vs technology
Contingent
Scope your claim upfront and invoice when your claim is successful
Efficient
Only require interviews & documentation
Proactive
Ongoing engagement and future recommendations
Highly Reputable – we have a long-standing positive reputation with the Canada Revenue Agency
Technology Focused – we hire technically trained and highly knowledgeable Technology Advisors
Efficient - our inhouse team uses a 7-step methodology to process claims.
Well Connected – we’ve built strong relationships with innovation funding program administrators, investors, and support organizations in multiple communities
If you haven’t already, assess your internal projects for SR&ED eligibility. You may have some projects that you hadn’t even considered.
I’d happy to sit down with you for 30 minutes to assess your potential. We work on a contingency basis, so we don’t invoice until you’ve successfully received your ITC’s. We invoice on a percentage of the ITCs collected.
I’ll be emailing you with a copy of our SR&ED infographic as well as a link to the Slideshare file with these slides.
Now let’s move onto Questions.
Will publish on SlideShare and distribute the link afterwards
… have been in operation for a little over three years and have demonstrated a national reach. I can confidently say that we have become the hub for commercialization of geomatics technology across Canada. Our value proposition is that we offer a one-stop shop for small and medium geomatics technology companies for effective and meaningful commercialization support programs. Our programs are uncomplicated and inexpensive, and we take pride in being efficient in how we deliver our services without getting in the way of the companies we work with.
TECTERRA is not about geomatics for geomatics sake; we invest in geomatics applications that lead to economic, societal and environmental benefits.
Wildlife – GPS Collar for animals with Dead-Reckoning capability (Funded Partner: Lotek)
Agriculture – Precision farming (navigation & positioning of farm machinery)
Forestry – Web-based Wildfire Management Decision Support System (MRF) and Advanced Forest Resource Inventory Decision Support System (LIM)
Energy – earth observation for oil sands monitoring and management (discussions with ERCB and University of Lethbridge)
Water Resource Management – wet lands assessment using LiDAR technologies (Government of Alberta)
The funded partners who are here today can further explain how our investment is contributing to their success and economic growth
INVEST – in both the development and commercialization of geomatics technologies
Enable & invest in the applied R&D of geomatics technology for the creation of commercially viable products and services
Support SMEs and start-ups that are developing incremental and breakthrough geomatics technologies
TECTERRA’s investment programs are available largely through Calls for Proposals soliciting commercialization partnerships
CREATE JOBS
Invest in attracting, developing, training & employing world-class, highly qualified business & research professionals in Alberta
NETWORK
Facilitate collaboration between key stakeholder groups: technology providers (companies), researchers (universities) and end users (inc govt.)
We enable, facilitate and accelerate the development and commercialization of geomatics technology.
- We help ensure that good ideas become real projects and initiatives that generate economic benefit.
Innovation not invention, where innovation is the creative and efficient implementation of an original idea or method, leading to the delivery of a new product, service or process, through a sustainable business model, to provide economic, social or environmental value.
Our proponents are expected to have a solid business plan with a well-articulated market problem, well defined market segment, full understanding of the competition and own value proposition, clear marketing and sales plan, and solid business forecast. We do accept risky ventures, but they have to know what risks they are facing and have complete mitigation plans.
“Skin-in-the-Game” Model
TECTERRA’s contribution limited to 50% of eligible costs
“Forgivable Loan” Model
TECTERRA shares technology commercialization risk
TECTERRA receives no interest/share in equity or IP
No payback required if no sales – easy quarterly payback starts with 1st sale
Easy Payback - paid back only upon commercialization; i.e. only if successful
Quarterly payments: 20% of funding, ≤ 25% of quarter gross revenue
Immediate payback as one lump-sum upon Change of Control to a foreign entity
No Encumbrance: We don’t get in the way
Risk Mitigation through initial due diligence and quarterly disbursement
TECTERRA conducts initial due diligence through preliminary “dating” period
TECTERRA monitors progress and regularly evaluates risk
TECTERRA can stop funding anytime if project success is no longer foreseen
Straightforward reporting mechanism and tools
Independent and flexible – in tune with industry needs
- No conflict, no equity and no politics
Focus on commercialization and wealth generation
Proven and successful business model and programs
Great management team with strong governance & support systems
Efficient, effective and focused operation
Alignment with the Government’s strategy and priority areas:
Improved resource management through innovative technology
Increased commercialization of technology supporting a diversified economy
Environmental, economic and social outcomes
Expanded market access for Alberta technology SME’s
Established connections with industry and applied research
Positive perception and strong support from industry
Innovative support model and a complete suite of programs
Meritorious project intake and selection process
Quick turn-around between submission & approval
Small and effective management team
Focus on the overall goal of commercial success for the SMEs
Effective geomatics domain expertise on staff
Well-established and observed corporate culture
Volunteer Board of Directors and Advisory Committees
Independent oversight: industry-led Board of Directors
Extended support: Business & Scientific Advisory Committees
Governance system and processes mirror industry practice
Regular reviews of objectives, metrics and achievements
Icons represent the Mitacs offices across Canada
Mitacs is celebrating its 15th year of inspiring innovation in Canada
Almost 10,000 research projects across all Mitacs programs (Accelerate, Globalink, Elevate and Enterprise) over 15 years.
We have 61 academic partners across Canada
Our research collaborations help companies overcome R&D challenges and drive innovation
Why is Mitacs different?
Can be scaled to suit the size of the research project with 1-to-many interns
Fast application approval
Access researchers from any discipline, from STEM to social sciences
Open to all industry partners, regardless of size.
Annual figures from 2013.
Last year alone we saw over $10 million in private sector investment in our research projects with over 900 industry partners
We partner with over 60 academic institutions across Canada.
In 2013, over 1,700 Mitacs Accelerate research projects were completed, with many more across Elevate, Globalink and Enterprise
Through Globalink, we brought more than 280 of the world’s brightest students to Canada for research projects
6,300 graduate students participated in 260 professional development Step workshops
We partner with companies of all sizes and in all industries across Canada. Currently, only industry-associated not-for-profits are able to participate in Mitacs programs.
Mitacs internships are open to all disciplines, including sciences, engineering, health sciences, social sciences, humanities, business, medicine, and the arts.
Mitacs aims to:
Attract the best and brightest researchers to Canada
Train students through professional development workshops and hands-on research with industry
Retain talent locally in Canada, to benefit the local economy and innovation sector
Deploy researchers where their talents and knowledge are most needed, to drive innovation.
Mitacs programs and news are frequently covered in national, academic and research news outlets.
Our CEO, Arvind Gupta, sat on the Jenkins Report panel – an independent review of the federal government’s support for research and development. Recommendations include more direct investment into industry to create incentives for R&D.
Research figures cover Mitacs Accelerate, Globalink, Elevate and Enterprise programs from 2003/04 to 2012/13
Company partner benefits include:
Access the latest in research expertise and R&D knowledge that you may not have in-house
Gain a competitive advantage over other companies by accessing R&D talent
Tap a national research network and establish or enhance relations with local universities
Maximize your R&D budget through matched Mitacs funding
Develop IP through the research project
Mitacs takes care of all stipend payments to the intern – they don’t become a company employee.
Some examples of how Mitacs has helped companies:
New Brunswick Pulp Mill has slashed its energy costs by $40,000 a year by implementing a new heat recovery system developed by a Mitacs intern
Quebec-based robotics company enhanced camera technology on its drone aircraft
A biotech firm in Toronto has developed a one-step food testing kit that saves time and money. It has now been commercialized.
General Electric is developing new, energy-efficient green house lighting that improves plant growth and crop yields through research by a team of Mitacs interns
And a Calgary company is commercializing new GPS technology that works indoors and underground, providing accurate location data from anywhere
Mitacs Accelerate supports small and large scale research projects, from $15,000 up to $2 million across all industries and disciplines.
Most applications to Mitacs are approved within 6 weeks.
1 to 5 internships: Mitacs funding is matched 1:1
Projects with six internship units or more and at least 3 interns become a cluster, where the Mitacs contribution becomes 122% of the private-sector partner’s, so the funds have better leveraging.
For larger projects with multiple researchers, the interns can come from different disciplines but work on the same project.
Funding available for 3 years with one proposal
Application process: simple, easy, and quick with support from BDs
Real-world exposure: interns and faculty apply the latest tools and innovations to real issues
Funding provided to support the PhD student’s research
Professors may recruit PhD students for the research project, even after it has been approved by Mitacs
The “limited” category depends on the funding model for the organization.
Currently, only industry-associated not-for-profits are able to participate in Mitacs programs.