I wanted to write quickly about the advantages and disadvantages of non-dilutive grants and tax credits for start-ups... then I have a small ask. Advantages: 💵 Improve cash flow for expenses and maximize re-investment in growth 💹 Decrease amount required to be raised by selling equity in your business ⚙ Retain control of your company for longer Disadvantages: ⌛ Researching, filtering, applying, receiving, and complying all take TIME! The ASK: I work with many early-stage founders who I know could benefit from these grants and tax credits, but time and time again, I hear there is not enough time in the day to: 1. Research - Where is the one-stop shop to find grants, tax credits, and other sources of non-dilutive funding? 2. Filter - Okay, I found a list of grants, how do I know if I qualify? 3. Apply - If I am going to take hours out of growing my business, how do I ensure my application is not rejected? 4. Comply - Are there tools to keep me onside with my use of funds?
Sanchit Waray
2mo
Agreed. I'm also hunting AI tools that can do all 4 steps and ideally give estimates of time and cost savings for a business
Cory Blumenfeld
2mo
Fantastic breakdown! Non-dilutive funding can be a game changer for startups looking to grow without giving up equity. It sounds like you’re already a great resource for founders navigating this complex terrain. Keep up the great work helping them leverage these opportunities!
Mohd Shahnawaz
2mo
Get a pros eg in SRED and IRAP to do it for the start ups and save time, they charge fees based on contingencies and focus on business.
Anih Jain
2mo
Thanks Alex. Is there a person or company you know that does grant management for a small cost monthly?
Will Greenblatt
2mo
I know Jon Irwin is an expert on this
Finance at Xtract One Technologies
2moPersonally, I think the ISED website is a great starting point (specifically the Business Benefits Finder) that shows all Government of Canada funding, tax credits, subsidies, etc. You can also say specifically what type of work you want to fund (e.g., innovation/product development, need money to buy equipment, to grow business, hire employees, etc.). This helps find the grants, but unfortunately you still have to go through the motions of applying. https://innovation.ised-isde.canada.ca/innovation/s/?language=en_CA