Part I of ‘Non-Dilutive Financing for Entrepreneurs’ blog series
Finding customers, developing a prototype, and hiring the right talent can all be challenging. However, financing innovative ideas can be one of the largest challenges for some entrepreneurs. On regular basis, we are asked about non-dilutive financing options for small to medium-sized companies.
SR&ED consultants and advisors aren’t your typical service providers. Throughout the SR&ED claiming process, they will review highly confidential and private information. They will get to know your company and many of its employees quite well. The best SR&ED consultants will be right beside you throughout the process, and especially in case of a review.
You don’t just want to pick the first consultant who approaches you. It is very important to take the time to ask relevant questions that will help determine if it is a right fit for your company. There are no right or wrong answers, but we recommend asking the following 7 questions:
Last week, the CRA announced changes to Form T661 (the tax form used to file SR&ED claims) that will be mandatory as of January 1, 2014. While the Income Tax Act remains consistent, the updated language on the T661 form requires claimants to disclose information in a new way. For the most part, it will not impact what can be claimed.
Alberta offers numerous tax credit incentives and funding opportunities for local entrepreneurs focused on research and development projects. With the creation of the new Alberta-Germany Collaboration Fund, being an entrepreneur in Alberta just became even better:
When: Tuesday, September 17, 2013 from 4:00 PM to 6:30 PM (MDT)
Where: Alastair Ross Technology Centre/ Innovate Calgary, 3553 – 31 Street NW, Calgary, Alberta T2L 2K7
Join us at this exclusive seminar where you will learn about the different funding programs such as Mitacs, IRAP, TECTERRA, NSERC and SR&ED and how you can prepare a successful application. The agenda for the event includes presentations, Q&A, appetizers and networking.