Innovation Financing Solution
Business Development Bank of Canada (BDC)
Last Verified:
2006-01-11
Related Reading
More Information
In order to support innovative companies, the Business Development Bank of Canada (BDC) has developed Innovation Financing Solution (up to $250 000), a new product designed to fund projects to develop e-business, explore new export markets, and to cover the costs of R & D associated with the introduction of new products and services.
Eligibility Criteria
The BDC considers each request case by case.
Eligible Area
All Canadian provinces and territories.
Eligible Activities
Eligible activities are:
- boost sales by increasing support for inventory and receivables or by reducing trade payables;
- finance consulting services to help implement the required Human Resources policies and procedures, in order to better manage growth;
- provide working capital needed to develop new markets and products;
- pay research and development (R & D) costs associated with introducing these new products or services;
- finance development of e-commerce initiatives, such as Internet sites, intranet or extranet;
- implement a marketing plan or growth strategy;
- explore new export markets;
- adopt quality management standards, such as ISO certifications, QS 9000 and HACCP;
- complete a management buy-out when this is beneficial to the business purchase, development or transfer of new technology relating to process or product improvements.
Summary
Features
- available financing based on your needs, resources, and the viability of the project;
- financing up to $250 000;
- possibility of postponing principal payments for the first year;
- stepped and seasonal payments considered;
- accelerated repayment privileges without indemnity up to 15% of annual sales;
- personalized consulting.
Ontario Contact(s):
See National Contact.
National Contact(s):
Head Office
Business Development Bank of Canada
Suite 400
5 Place Ville Marie
Montréal, Quebec
H3B 5E7
Telephone: 1-888-463-6232
Fax: 1-877-329-9232
Toll-free (information): 1-877-BDC BANX (1-877-232-2269)
E-mail: info@bdc.ca
Web site:
http://www.bdc.ca/en/home.htm
|