If you’re an entrepreneur, you overcome many hurdles every day to ensure your company’s success. While the issues an owner faces while managing their firm can be extremely diverse, according to a recent report titled A nation of innovators, a third of Canadian startups have at least one significant challenge in common: finding proper funding.
There are fortunately many options for startups who are looking to access forms of capital or financing including tax credits, equity crowdfunding and loans. Here I’d like to share four business grants that you can apply for right now.
It should be noted that with all of these grants, your company must share some of the cost of the program or project that the grant covers. As any businessperson knows, you need to spend money to make money.
1. BC Tech Co-Op Grants Program
Funding: Through the BC Tech Co-op Grants Program, small technology companies in British Columbia are eligible to receive up to $2,700 to help cover the cost of hiring a co-op student over a four-month term.
- Small tech companies (fewer than 50 employees) based in BC.
- Students in approved co-op programs at BC post-secondary institutions.
- Must be a first placement: either first co-op student for the employer or a first co-op placement for the student.
For more information and to apply, visit bcic.ca/techworks
2. Industrial Research Assistance Program …
For the remaining three business grants, see the Dec. 21 post Four Business Grants Tech Companies Can Apply for Right Now on by Jean Marc La Flamme on Canadian technology news website www.techvibes.com.
Jean Marc does web marketing and business development with Canadian travel and fintech startups. He’s also Executive-in-Residence with the Kootenay Rockies Innovation Council (KRIC) within the BC Acceleration Network of the BC Innovation Council.