1. Government Funding CABC March Presented by: Samad Hosseini Thinker Technology Disclaimer: the information is made available for educational purposes only as well as to give general information, not to provide specific legal advice.

2. We will cover: Introduction Providers of funding Type of funding
Application process/path
Methods of applying
Choosing funding path
Eligible projects
List of funding

3. Introduction
Reports by PwC indicates 48% of business do not receive government funding
Growing too slowly
Cash flow shortage
Provided by federal, provincial and municipal sources
Targeted to regional segments, local needs, priority industries and job creation

4. Government agencies for the funding Federal funding (National)
National Sciences and Engineering Research Council (NSERC)
National Research Council (NRC)
Mitacs
Regional Development Agency Funding
Federal Economic Development Initiative for Sothern Ontario
Federal Economic Development Initiative for Northern Ontario
Provincial Funding
Municipal Funding and Business Support
Regional Innovation Centre (RECs)
Business Incubators and accelerators
Community Futures Development Corporation (CFDCs)

5. Type of Funding Grants Repayable funding / Loans
Tax Incentive and Refunds

6. 1. Grants Non-repayable funding
Approval required before starting the funding project
Specific project or hire
No payback
Use a Grant when
For specific project
Related to job creating/development, productivity, innovation and/or economic growth
Your project has not started

7. 2. Payable Funding & Loans
Government financing
Apply before start of projects
Formal business plan
Can be no interest, low interest or competitive interest rate
Use a Government Loan when
Significant impact, commercializing innovative technologies or creating 10+ jobs
Project has not started and you can wait for 6 months after submitting your application
Willing to create a formal business plan and supplementary documentation

8. 3. Tax Incentive & Refunds
Retroactive funding
When filing corporate taxes after carrying initiatives
Scientific Research & Development, apprenticeship, digital media , co-op and internship
Dedicated tax form included with corporation's tax filing
To reduce taxes owed
Use a Tax Incentive or Refund when
Expenses are carried out and your accountant/finance department is filing corporate taxes
Clear documentation and expense receipts for all relevant cost
For scientific research & development tax credit, you have internal technical expertise to complete technical documentation and support an audit if required

9. A Successful funding path
1. Research & Planning: Finding a government funding programs and aligning them to upcoming projects
2. Writing & Review: Preparing a government funding application and ensuring it hits program requirements.
3. Submission & Reporting: Sending completed application to government reviewers and following it with progress reports to release funding amounts.

10. Phase 1: Program research & Application Planning
Program Research: Identification of upcoming strategic initiatives, matching them with relevant grants and loans based on timelines, budgets, and projects
Application planning: Strategically pairing fund (stacking) to utilize multiple funding program for the same projects, and understanding when/how to apply for funding.

11. Phase 2: Application Writing & Review
Application writing: Building a program-specific application with financial, project, and company details, as well as other material necessary for due diligence reviews.
Application Review: Completing a critical analysis of the funding application to ensure its competitiveness based on company eligibility, project eligibility and impacts.

12. Phase 3: Application Submission & Reporting
Submission: Sending a completed copy of the required application components to a government agency for review, Some programs have multi-phase application that require multiple submission over time.
Reporting: Updating the government about project milestones and outcomes so that funding is released.

13. How to Choose an Optimal Funding path
There are three variable that guide how much assistance is needed during the funding application process.
Time: Amount of time required internally for the process.
Talent: the amount of internal work and skill required.
Project Management: The resources you are ready to commit toward the funding process.

14. Methods of Applying for Funding
In-House Application: Internally completing each phase of the process
Research Support: Contracting out program research but developing and submitting an application internally.
Technical Writing support: Contracting out application writing, but research programs ad submitting internally.
Review and Submission Support: Contracting out application review or submission but researching and writing applications internally.
Comprehensive support: Contracting out each phase of the process.

15. Eligible project themes typically include:
Hiring & Training
Research & Development
Business expansion & Exporting
Capital & Technology Adoption

16. Hiring & Training Hiring recent post-secondary graduates
Third-party training form certified training vendors
Advanced technology and software training
In-house training to improve productivity and cross-training
Business and educational institution collaborations

17. Research & Development
Product/process prototyping
Software development-improvements
Product testing and certification
Late-stage tech development and early state commercialization
Industry academic collaborative R&D

18. Business Expansion & Exporting
Facility expansion or retrofits
Adoption of advanced technologies (capital and software)
Export market entrance and expansion
Market research and competitive intelligence

19. Capital & Technology Adoption
Capital equipment Purchase
Software and advanced technology Adoption
Commercialization of new product and processes
Large-scale productivity improvements
Financing of large capital investment

20. Approved funding Project Total investment Job creation
A new 385,000 square feet North York manufacturing facility
Construction investment of $30 million
400 new jobs
$2.5 million over 10 years
A new 300,000 downtown office building
Construction investment $70 million
Several thousand jobs
$7 millions over 12 years
A 100,000 square feet downtown tourism facility.
Construction investment $107 million
300 new jobs
$8 million over 12 years

21. Question? Thank you

22. Manufacturing & Automation Consultant
Samad Hosseini
Manufacturing & Automation Consultant
Thinker Technology

23. References
resources/