Canadian tech is leaving money on the table (CanCon ep. 136)

Canadian money

Free money!

Now that I have your attention, let’s talk government grants. There are over 4,500 grant and incentive programs available for Canadian businesses valued at about $26 billion. But so many of them – and all that sweet, sweet cash – go unused.

Why? The grant process is oblique and confusing! The right grant and incentive for your business can be hard to find! Many entrepreneurs in early-stage businesses would rather chase the sure dollar than fill out a bunch of forms and hope for the best!

Thankfully, Erin Bury – Queen of the Grant, as she tells me not to call her – has great experience in navigating these frothy waters, and she’s provided all the relevant tips on this week’s CanCon podcast.

There are other ways to get money, of course. Selling your business is one route. But what if you’re being “harassed” into selling by your investors, as was recently alleged in a story BetaKit broke about EVP and Uken Games?

When is okay for an investor to ask their portfolio company to sell? When is it not okay? Matt Roberts, Partner at Candian VC firm ScaleUp Ventures, joins to help kick the hornet’s nest.

4,500 grants and incentives programs for businesses and other organizations valued at about $26-billion a year in Canada

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“Figure out how to get yourself paid and you’re hired”
Government grants to small business – a.k.a. free money – go unused
How Canadian startups can prepare for SR&ED

When is it wrong for an investor to tell a company to sell?
Ex-EVP partners push to oust current GPs over alleged forced sale of portfolio company Uken Games

Canadian Content music clip (under fair dealing): “Canada in my Pocket” by Michael Mitchell / “Coins” by Tri Angels
Ad music: “Dreams” by Joakim Karud

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.