Technology Funding
Developing a technology-based business has its twists and turns. Often it is a case of 2 steps forward and 1 step back. Seeing your development through to the end is a process of discovering and dealing with challenging unknowns. And precisely for this reason there are government programs that can provide a significant level of funding for these types of efforts.
Depending on the nature of your business, you may be able to obtain funding through:
- SR&ED
- OIDMTC
- IRAP
Obtaining this funding will improve your competitive positioning by providing the additional funds to get to market faster. But government programs can be muddled, overlapping and laden with interpretation issues. So it becomes important to proceed with a plan to effectively capitalize on the programs that apply. There is only one government and so it is incumbent on you to make the most of your submission to obtain funding.