Cash for startups – Part 1

One of the most common questions that I get during my day-to-day conversations with startups is:

“What’s the funding landscape here in Ontario and Canada?”

One of the first steps that you will take as a startup is to start figuring out funding resources that are available early on in the form of non-dilutive government grants. Here in Canada we have access to a plethora of non-dilutive grants from varying forms of government (federal/provincial/municipal/academic) that are a key asset to our startup communities and entrepreneurs. In part 1 I have gone through the best resources for federal grant access from a small business or startup perspective…check it out:

Federal Grants:

A great place to start your search is through the funding portal which aggregates a good list of funding opportunities on all levels of grants (not just federal):

Funding Portal – http://www.marsdd.com/funding/

Concierge is a new service that you can call a real person (see phone number below) and discuss your business idea. It is Concierge’s mandate to connect and/or point you in the right direction of funding for your specific technology type (whether it’s software, hardware or even a movie) and company stage:

Concierge Service – http://concierge.portal.gc.ca/ Phone: 1-800-457-8466

Don’t forget the awesome SR&ED credit program – probably one of Canada’s greatest assets for small businesses and startups. If you are in need of people to help you understand this program and need help formulating your SR&ED filings let me know and I can help connect you:

SR&ED Credit – http://www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html

Lastly a more specific opportunity is the Canadian Digital Media Network’s (CDMN) Soft Landing program which provides funding for specific business travel requirements to meet new customers or investors:

CDMN Soft Landing – http://www.cdmn.ca/soft-landing-program/overview/

These are great starting points and hopefully jumpstart your research! Any and all feedback is appreciated regarding these resources and as always if you need more information regarding any of them feel free to reach out to me on twitter at @d0b0. 

Online Tools and Resource List

Back to the blog to start sharing updates on new learnings from my current job as a startup ‘helper’ of sorts in Kitchener-Waterloo’s Communitech Hub. 

There has been much written about how early implementation of tools that help organize startup teams can significantly improve your likelihood of success as well as your ongoing efficiency as a team. So check out this PDF that has a lot of great resources categorized by utility:

http://bit.ly/1l1ulef

Any and all feedback is appreciated,

Sam

Accounting for Poor Start-ups

Hey All,

Thought I would share a nice addition to my start-up arsenal. 

If you are looking for a cheap and robust option to the expensive accounting software packagers out there I would highly suggest taking a look at GNUcash . It is a perfect example of what open software can do to enable SMEs to succeed in today’s competitive marketplace.

So far I have found some reliable forums and websites dedicated to discussing options and different ways of manipulating the software package to do anything that I might want to do at in basic accounting. I’ve yet to stress test it to some serious options and scenarios, but thats mostly due to my lack of accounting knowledge and understanding than it is to the software’s ability. 

Pros: Free, Multi-platform, very flexible, and highly customizable

Cons: Lacks support and built-in (ready-to-go) customization that other packages have, tougher learning curve for non-accountants to pick up

 

Cheers,

Sam