FINANCING RESOURCES & BUSINESS INCENTIVES FOR CENTRAL OKANAGAN
BUSINESSES
Available for download at www.investkelowna.com
Updated August 10, 2020
Table of Contents
Table of Contents ...... 1
Traditional ...... 2
Banks ...... 2
Credit Unions ...... 3
Trust Companies ...... 3
Aboriginal Resources ...... 3
Agriculture ...... 4
Childcare ...... 5
COVID-19 Financing Programs ...... 5
Export, Trade & International Funding ...... 5
Film & Digital Media...... 7
Grants ...... 8
Incentive Programs ...... 9
Leasing ...... 9
Loans & Financing ...... 9
Research & Innovation ...... 12
Social Enterprises ...... 15
Startups ...... 16
Tax Credits ...... 17
Training & Employment ...... 18
Venture Capital |Growth Capital | Private Equity ...... 21
Youth and Young Entrepreneurs (18-39) ...... 23
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Financing Resources for Central Okanagan Businesses
Traditional
Banks
The banking industry includes domestic banks, foreign bank subsidiaries, full-service foreign bank branches and foreign bank lending branches operating in Canada.
The banks serve millions of customers; they include individuals, small and medium-sized businesses, large corporations, governments, institutional investors and non-profit organizations.
The major domestic banks offer a full range of banking, investment and financial services. They have extensive, nation-wide distribution networks and also are active in the United States, Latin America, the Caribbean, Asia and other parts of the world.
Many large international banks have a presence in Canada — through a subsidiary, representative office or branch of the parent bank. Most specialize in corporate and investment banking (e.g., niche financing) and have only one or two offices/branches. A notable exception is HSBC Bank Canada, which has a strong retail presence with branches across Canada.
Schedule I banks are domestic banks and are authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canadian Deposit Insurance Corporation.
Schedule II banks are foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canada Deposit and Insurance Corporation. Foreign bank subsidiaries are controlled by eligible foreign institutions.
Schedule III banks are foreign bank branches of foreign institutions that have been authorized under the Bank Act to do banking business in Canada. These branches have certain restrictions.
The Office of the Superintendent of Financial Institutions (OSFI) authorizes these institutions to operate in Canada. To view the OSFI list of all banks operating in Canada, click here and select "Banks."
First Nations Bank - Provides complete banking needs to First Nation peoples.
For more information on banks in Canada visit the Canadian Bankers Association at www.cba.ca.
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Credit Unions Credit unions are financial cooperatives. Their products, services and operations — and even their physical appearance — may resemble those of banks, but there are some major differences. The biggest ones are that they're locally owned and invest their profits in the communities where they operate; where their members live and work. In British Columbia there are 43 independent credit unions with 367 branch locations.
Database of BC Credit Unions: http://credit-union.com
Province of BC Authorized Credit Unions: https://www.bcfsa.ca/index.aspx?p=fid/listings
Trust Companies A trust company is a financial institution that operates under either provincial or federal legislation and conducts activities similar to those of a bank. However, because of its fiduciary role, a trust company can administer estates, trusts, pension plans and agency contracts, which banks are not permitted to administer.
Federally Regulated Trust Companies: http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/wwr-er.aspx?sc=1&gc=2#WWRLink12
Province of BC Regulated Trust Companies: https://www.bcfsa.ca/index.aspx?p=fid/listings
Aboriginal Resources
Crown Indigenous Relations and Funding programs, services, https://www.rcaanc- Northern Affairs Canada initiatives for Indigenous and cirnac.gc.ca/eng/15912900332 northern communities and 78/1591290088284 organizations. Indigenous Services Canada Funding programs, services, https://www.sac- initiatives for Indigenous and isc.gc.ca/eng/1591289631120/ northern communities and 1591289804651 organizations. First Nations Bank Provides complete banking needs to www.fnbc.ca First Nation peoples.
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Agriculture AgPal – Service and Program A listing of federal funding http://www.agr.gc.ca/eng/progra Finder (Federal & Provincial) programs and services supporting ms-and- innovation, sustainable farming, services/?id=1362151577626 business development, managing risk, trade and market development.
Canadian Agricultural Partnership Federally-funded activities and http://www.agr.gc.ca/eng/about- (Federal) programs to support sector us/key-departmental- growth focus on three key areas: initiatives/canadian-agricultural- • AgriMarketing Program partnership/canadian- • AgriScience Program agricultural-partnership-federal- • AgriDiversity Program activities-and- programs/?id=1511361680577 • AgriInnovate Program Farm Adaptation Innovator The Farm Adaptation Innovator https://www2.gov.bc.ca/gov/cont Program 2018-2023 Program (FAIP) seeks to build ent/industry/agriculture- (Provincial Program) adaptive capacity and encourage seafood/programs/farm- the adoption of effective farm adaptation-innovator-program practices to help mitigate impacts related to climate change Farm Credit Canada Loans designed for the unique www.fcc-fac.ca needs of different agriculture 300 – 1674 Bertram Street sectors. Kelowna, BC V1Y 9G4 (250) 470-5050 Email: [email protected]
Investment Agriculture IAFBC offers a wide range of https://iafbc.ca/#funding- Foundation of BC (Provincial) funding programs designed to opportunities assist the agriculture and food • B.C. Agrifood and Seafood processing industries in BC. Market Development IAF is an industry-led, not-for- Program profit organization representing • Canada-BC Agri-Innovation the agriculture, food processing, Program farm supply and post farm gate • Canadian Seafood sectors across British Columbia. Stabilization Fund • CAP: Canada BC Agri Innovation Fund • COVID 19 Emergency Processing Fund • Tree Fruit Competitiveness Fund • Bee BC Program
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Childcare
https://www2.gov.bc.ca/gov/con Childcare Funding Several programs to assist child tent/family-social- care providers in providing quality supports/caring-for-young- care. children/child-care-funding
COVID-19 Financing Programs
BC Provincial Support Programs https://www2.gov.bc.ca/gov/content/safety/emergency- preparedness-response-recovery/covid-19-provincial- support
Federal Services Search Engine for Business https://innovation.ised-isde.canada.ca/s/?language=en
Federal Services Search Engine for https://covid-benefits.alpha.canada.ca/en/start Individuals
Interior Saving COVID-19 Relief Grant https://www.interiorsavings.com/about-us/community
InvestKelowna.com COVID-19 Support https://www.investkelowna.com/covid19/ Resources
Export, Trade & International Funding
Canadian International Innovation The Canadian International https://nrc.canada.ca/en/support Program Innovation Program (CIIP) offers -technology-innovation/nrc-irap- (Federal Program) funding to help Canadian international-collaboration companies partner with organizations in Brazil, China, India, Israel, and South Korea to commercialize industrial R&D projects. Global Affairs Canada's Trade Commissioner Service delivers the CIIP in collaboration with NRC IRAP. https://www.tradecommissioner. CanExport Program for SME’s Personalized advice and up to gc.ca/funding- (Federal Program) $75,000 in funding to help financement/canexport/index.asp Canadian small and medium-sized x?lang=eng enterprises (SMEs) break into new international markets.
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CanExport Associations Canadian national trade https://www.tradecommissioner. (Federal Program) organizations may access up to gc.ca/funding- $400,000 in annual funding to financement/canexport/associati ons/index.aspx?lang=eng cover up to 75% of the cost for new or expanded international business development activities.
CanExport Innovation Canadian innovators who aim to https://www.tradecommissioner. (Federal Program) commercialize technology can gc.ca/funding- access up to $75,000 in funding to financement/canexport/innovatio n/index.aspx?lang=eng establish new R&D collaborations with foreign partners to co- develop, validate or adapt their technologies for commercialization. Export Development Canada Provides innovative financing, https://www.edc.ca/en/solutions. insurance and bonding solutions html to Canadian companies that export goods and services, or invest in other countries. Mainly small and medium sized - manage risk and capitalize on trade opportunities around the globe. Government of Canada https://www.canada.ca/en/servic Find grants, loans, private and es/business/grants.html public sector financing and leveraging personal assets.
Businesses - Expand the reach of Mitacs Globalink https://www.mitacs.ca/en/progra your business through bilateral ms/globalink collaborations with Canadian and international researchers. Globalink supports projects that help you strengthen your networks, develop partnerships, create joint ventures, and stay on top of global trends in your sector. Mitacs matches project funds, starting at $7,500 for a 16–24-week project.
Students and professors - receive travel funding between Canada
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and several international partners.
Northstar Trade Finance Canada Supports small & medium-sized www.northstar.ca Canadian exporters by offering financing to credit worthy foreign buyers of eligible Canadian goods and services. NORTHSTAR complements Export Development Corporation's (EDC's) export financing services by financing export sales of between $100,000 and $5 million, with repayment terms of one to five years.
Film & Digital Media
BC Film and Media Funding Tax credits, skills development https://www.creativebc.com/pro funding, market development, grams/index interactive media funding, and industry partnerships available through Creative BC.
BC Provincial Film and Television For eligible corporations that http://www2.gov.bc.ca/gov/cont Tax Credit produce eligible film or video ent/taxes/income- productions in British Columbia taxes/corporate/credits/film-tv
(B.C.). The credits are for domestic productions with qualifying levels of Canadian content. The program consists of the following distinct tax credits: • Basic tax credit • Regional tax credit • Distant location regional tax credit • Film training tax credit • Digital animation, visual effects and post-production (DAVE) tax credit • Scriptwriting tax credit
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http://www2.gov.bc.ca/gov/cont Interactive Digital Media Tax For eligible registered corporations ent/taxes/income- Credit that develop interactive digital taxes/corporate/credits/interacti media products in B.C. after August ve-digital-media 31, 2010 and before September 1, 2023. The credit is calculated as 17.5% of eligible salary and wages incurred in the tax year.
Grants
Government of Canada Business Find government grants, loans or https://www.canada.ca/en Grants and Financing financing programs. Also provides /services/business/grants.h information on government tml services, programs and regulations. Canada Mortgage and Housing Funding and financing opportunities https://www.cmhc- Corporation to build new or renew affordable schl.gc.ca/en/nhs housing in Canada.
The LMP Program provides funding Labour Market Partnerships https://www.workbc.ca/Em to projects that address challenges ployment- related to a local labour market or Services/Community-and- community, and assists employers Employer- exclusively within that labour Partnerships/Labour- market. Market-Partnerships.aspx LMP also includes the Employer Sponsored Training (EST) program that provides eligible employers with financial assistance to support training activities for employees who would otherwise lose their jobs. The SIDIT grant program provides Southern Interior Development www.sidit-bc.ca non-repayable funding for Initiative Trust municipalities, regional districts,
First Nations, registered non-profit Kelowna Office societies, institutions, and industry (236) 420-3680 associations for the Southern 201 -384 Bernard Ave Interior. Please note that proposals [email protected] from private interests do not qualify for grants. Private interests include all forms of business ownership such as corporations, partnerships, joint ventures and sole proprietorships.
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Incentive Programs
BC Hydro Offers a variety of programs to https://www.bchydro.com/pow help you improve your business' ersmart/business/programs.html energy efficiency, including incentives for making energy- efficient upgrades and opportunities to learn from experts.
FortisBC Business Get money back for your https://www.fortisbc.com/Rebat business on high-efficiency es/RebatesOffers/RebatesOffers appliances, equipment and Business/Pages/default.aspx?typ more, whether you are building e=business&city=Kelowna new or upgrading.
Natural Resources Canada Directory of Energy Efficiency https://www.nrcan.gc.ca/science and Alternative Energy and -data/funding- Environmental Programs partnerships/funding- opportunities/funding-grants-
incentives/4943
Leasing Connect Lease For business owners, the ability https://connectlease.com/financ to lease new or used equipment ing/ takes some of the financial strain off costs.
Loans & Financing
Business Development Bank of www.bdc.ca BDC is the Business Development Canada (BDC) Steve North Bank of Canada. From over 100 313 Bernard Avenue offices across the country, BDC Kelowna, BC V1Y 6N6 promotes entrepreneurship by (250) 470-5127 providing highly tailored financing, Email: [email protected] venture capital and consulting
services to entrepreneurs. Canada Small Business Financing A loan program in collaboration http://www.ic.gc.ca/eic/site/csbf Program with financial institutions to p-pfpec.nsf/eng/h_la00007.html finance the cost of: • purchasing or improving land
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and buildings used for commercial purposes • purchasing new or existing renovations to premises occupied by the business as a tenant • purchasing or improving new or used equipment (including commercial vehicles) www.cfdcco.com Community Futures CFDC is a full support centre for
Development Corporation of the new and existing businesses when Larry Widmer, Manager Central Okanagan traditional financial institutions are 210-1726 Dolphin Ave unable to help. A leading provider Kelowna, BC V1Y 9R9 of business resources (loans, (250) 868-2132 seminars, counseling, business plan Email: [email protected] consulting and self-employment
assistance). The CFDC Self-Employment Program provides unemployed Employment Insurance (EI) eligible individuals with financial support, planning assistance and mentoring while they get their businesses up and running. A wide range of services and financing opportunities are available to small businesses and entrepreneurs through local CFDCs.
Factoring – Liquid Capital Typically referred at as "factoring", http://liquidcapitalsolutions.blogs Solutions AR Financing is neither equity nor pot.ca/p/factoring.html debt, yet strengthens a balance sheet - and control of the business always stays with the owner. It is a trusted and effective method of both financing short-term cashflow and outsourcing the administration of credit and the task of arduous collections.
Funding Portal Inc. A Canadian private venture https://ca.fundingportal.com/ corporation that provides an expert funding service for business, executives, chief financial officers, entrepreneurs, venture capitalists,
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non-profits and universities to search and access the government funding and private financing marketplace.
Government of Canada Business Find government grants, loans or https://www.canada.ca/en/servic Grants and Financing financing programs. Also provides es/business/grants.html information on government services, programs and regulations.
Innovate BC Provincial crown agency that https://innovatebc.ca/ connects entrepreneurs to funding, resources, and support. Innovate BC supports all size companies, across all sectors, all over the province.
Southern Interior Development SIDIT provides loan and equity www.sidit-bc.ca Initiative Trust financing within its mandate to
promising commercial enterprises
that may not qualify for credit through traditional sources.
Staples Business Loans powered Thinking Capital has teamed up www.thinkingcapital.ca/staples/a by Thinking Capital with Staples Canada to launch pply loans for Canadian small business owners. The online application process has customers receiving funding up to $300,000 in as little as 24 hours.
Women’s Enterprise Centre BC's leading resource for women www.womensenterprise.ca entrepreneurs, offering skills Jill Earthy, CEO development, business loans, free 201 – 1726 Dolphin Avenue business guidance, business Kelowna, BC V1Y 9R9 resources, mentoring, networking (250) 868-3454 and events. [email protected]
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Research & Innovation CanExport Innovation Canadian innovators who aim to https://www.tradecommissioner. (Federal Program) commercialize technology can gc.ca/funding- access up to $75,000 in funding to financement/canexport/innovatio n/index.aspx?lang=eng establish new R&D collaborations with foreign partners to co- develop, validate or adapt their technologies for commercialization.
Innovation Solutions Canada The Government of Canada has https://www.ic.gc.ca/eic/site/101 requirements to procure .nsf/eng/home
innovations that are in late stage development to support installation, training, and testing of those innovations for the federal government. Four priority areas identified - environment, safety and security, health, and enabling technologies.
Innovate BC Ignite Program Provides up to $300,000 to fund https://innovatebc.ca/what-we- innovation projects in the areas of offer/get-funding/ignite/ natural resources, applied science and engineering.
Mitacs Accelerate Solve your research challenges https://www.mitacs.ca/en/progra with university expertise, ms/accelerate#business matching funds, and one-to-one Jennifer Tedman-Jones support from Mitacs. Internships Director of Business start at four months and can scale Development, Okanagan up as much as you need. Your (250) 870-1514 financial contribution starts at Email: [email protected] $7,500. Solve your business challenges Mitacs Elevate http://www.mitacs.ca/en/progra with a top-ranked research expert ms/elevate trained to address your business Jennifer Tedman-Jones needs. Your financial contribution Director of Business starts at $30,000. Open to Development, Okanagan businesses and non-profit (250) 870-1514 organizations. Email: [email protected]
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Mitacs Global Link Research For senior undergraduate and https://www.mitacs.ca/en/progra Award graduate students and ms/globalink/globalink-research- postdoctoral fellows in Canada to award conduct 12–24-week research projects at universities overseas. Mitacs matches project funds, starting at $7,500 for a 16–24-week project. Mitacs Entrepreneur International Mitacs Entrepreneur International https://www.mitacs.ca/en/progra can help. We assist with travel ms/entrepreneur-international costs — up to $5,000 — to help you explore new business opportunities abroad. Offers travel grants to Canadian start-ups housed in university- linked incubators. The matching grant enables start-ups to connect with international incubators allowing you to explore new business development opportunities in global markets.
National Research Council Provides advice, connections, and https://nrc.canada.ca/en/support Industrial Research Assistance funding to help Canadian small -technology-innovation Program (IRAP) and medium-sized businesses increase their innovation capacity and take ideas to market.
Scientific Research and The SR&ED program is a federal Federal Experimental Development tax incentive program, http://www.cra- (SR&ED) Tax Incentive Program administered by the Canada arc.gc.ca/txcrdt/sred-rsde/menu- Revenue Agency (CRA) that Federal and Provincial eng.html encourages Canadian businesses of all sizes, and in all sectors to conduct research and Provincial development (R&D) in Canada. The SR&ED program gives https://www2.gov.bc.ca/gov/cont claimants cash refunds and/or tax ent/taxes/income- credits for their expenditures on taxes/corporate/credits/scientific- eligible R&D work done in research-development Canada.
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SD Tech Fund – Sustainable Supports late-stage development www.sdtc.ca Development Technology Canada and pre-commercial demonstration of clean technology solutions: products and processes that contribute to clean air, clean water and clean land that address climate change and improve the productivity and the global competitiveness of the Canadian industry.
Strategic Innovation Fund The Strategic Innovation https://www.canada.ca/en/innov Fund allocates repayable and non- ation-science-economic- repayable contributions for development/programs/strategic- business research and innovation-fund.html development projects over $10 million in Canada's industrial and technology sectors in five streams. Streams 1 to 3: Funding helps support R&D and commercialization, the growth and expansion of firms and the attraction and retention of large scale investments in
Streams 4 to 5: Funding helps support industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
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Social Enterprises
Central Okanagan Foundation Two types of grants available to http://www.centralokanaganfou Community Endowment Fund registered charities in the ndation.org/grants/cof-grants/ Central Okanagan: project and multi-year.
First West Foundation Funding available for charities http://firstwestfoundation.ca/co serving the communities where ntent/valley-first-community- Valley First operates. The endowment-0 funding focus for grants from this fund is Creating Resilient and Resourceful Communities (with a primary focus on projects enhancing food security but excluding funding for food banks).
Interior Savings Credit Union Provides seed money or one- https://www.interiorsavings.co Community Fund time financial support to help m/about-us/community launch sustainable programs that empower people in our communities with the knowledge, skills and confidence required to achieve their potential. Eligible projects must have a far-reaching, positive impact on the community and a plan to be self-sustainable.
Prospera Credit Union Offers a community sponsorship https://www.prospera.ca/Comm Community Sponsorship program that helps fund non- unity/CommPrograms/ profit endeavours.
Vancity Community Partnership Maximum funding amount https://www.vancity.com/About Program $10,000. Invests for positive Vancity/InvestingInCommunities change in the community by /Grants/CommunityPartnershipP supporting organizations that rogram/ have social and economic objectives and put profits at the service of people.
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Vancity Social Enterprise Grants Provides grants for eligible social https://www.vancity.com/About enterprises operated by not-for- Vancity/InvestingInCommunities profit organizations, co- /Grants/GrowingTheSocialEcono operatives or First Nations/Métis my/ government organizations.
Valley First Sponsorship Accept applications from https://www.valleyfirst.com/co community public service mmunity-leadership organizations and community not-for-profit arts, cultural, educational, or social services organizations.
Startups
Canadian Digital Media Network The goal of the program is to http://cdmn.ca/programs (CDMN) | Soft Landing Program support Canadian tech driven companies to open new markets, close international sales, secure investment and connect with new partners abroad. Successful candidates will receive up to $4,000 CAD in reimbursable expenses to help offset transportation and accommodation costs. The program also offers grants to reimburse costs associated with co-working space in-market within the approved travel period. Canadian Digital Media Network Offers early-stage, high-growth http://cdmn.ca/program/get- (CDMN) | Get There Program high-potential Canadian tech there startups up to $2,000 CAD to help offset transportation and accommodation costs.
Canadian Digital Media Network Helps high-growth Canadian tech http://cdmn.ca/program/global- (CDMN) | Global Bridge Canada- scale-ups do business in India. bridge-canada-india India Selected companies will receive two and a half months of virtual coaching and access to resources, followed by 3 weeks in market
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and up to $4,000 CAD to help offset travel and accommodation costs to be reimbursed by CDMN.
Kickstarter Canada An online pledge system that www.kickstarter.com/canada allows for funding of different innovative and creative projects, such as, films, games, and music to art, design, and technology. Project creators set a funding goal and deadline. If people like a project, they can pledge money to make it happen. Y Combinator provides seed Y Combinator (San Francisco) www.ycombinator.com funding for startups.
Paid structured venture growth https://www.accelerateokanagan. Venture Acceleration Program at program designed to guide, coach com/programs/venture- Accelerate Okanagan and grow ambitious early‐stage acceleration/ technology entrepreneurs and effectively grow their technology ventures.
Tax Credits
Apprenticeship Job Creation Tax A non-refundable tax credit equal http://www.cra- Credit (AJCTC) to 10% of the eligible salaries and arc.gc.ca/tx/ndvdls/tpcs/ncm- wages payable to eligible tx/rtrn/cmpltng/ddctns/lns409- (Federal Program) apprentices in respect of 485/412/jctc-eng.html employment (maximum credit $2,000 per year for each eligible apprentice). Corporate Income Tax Credits Tax reductions and credits you https://www2.gov.bc.ca/gov/cont may qualify for as a business in ent/taxes/income- (Provincial) the Province of British Columbia taxes/corporate/credits
Employee Share Ownership http://www2.gov.bc.ca/gov/conte B.C.’s Employee Share Ownership Program (ESOP) & Employee nt/taxes/income- Program provides employees with Venture Capital Corporation taxes/personal/credits/employee- a tax credit for making (EVCC) Tax Credits investment investments in their employers’ businesses.
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Property Tax Exemptions and Tangible personal property, such For details, visit the British Credits as production machinery, Columbia Assessment Authority. business equipment, furniture, and inventories, is exempt from https://www.bcassessment.ca/ property taxes in British Columbia. There are also certain exemptions for real property. Certain industrial businesses can claim industrial property tax credits for school property taxes. Trade & Invest British Columbia British Columbia provides https://www.britishcolumbia.ca/i Tax Incentives provincial tax credits, exemptions nvest/why-british-columbia- and deductions to encourage canada/competitive-business- business investment and costs/taxes/ innovation.
Training Tax Credit The training tax credit is for https://www2.gov.bc.ca/gov/cont employers and apprentices who ent/taxes/income- take part in eligible taxes/corporate/credits/training apprenticeship programs administered through the Industry Training Authority (ITA).
Training & Employment
Government of Canada Funding programs for jobs, https://www.canada.ca/en/emplo training and social development yment-social- projects development/services/funding.ht ml
Apprenticeship Grants Taxable cash grants are available https://www.canada.ca/en/emplo (Federal Program) for registered apprenticeship yment-social- training: development/services/apprentice s/grants.html • Apprenticeship Completion Grant • Apprenticeship Incentive Grant • Apprenticeship Incentive Grant for Women Apprentice Loan Get up to $4,000 in interest-free https://www.canada.ca/en/emplo (Federal Program) loans per period of technical yment-social- training. You can use the money development/services/apprentice
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to help pay for tuition, tools, s/loan.html equipment and living expenses, to cover forgone wages or to help support your family.
B.C. Employer Training Grant Provides funding for employers to https://www.workbc.ca/Employer support skills training for their -Resources/BC-Employer-Training-
current and new employees. Grant.aspx?mc_cid=92be7a8b3f& mc_eid=1db41a175c Tech employers are eligible to BC Tech Co-op Grants Program https://innovatebc.ca/what-we- receive a maximum of four grants offer/get-funding/co-op-hiring- each per program year (May 1 to grant/ April 30) valued at up to $5,000 (a total value of $20,000), to recruit and train between one to four distinct co-op students. The employer is accountable for the remainder of the student’s salary during the co-op term.
Canada Summer Jobs Provides subsidies to help https://www.canada.ca/en/emplo (Federal Program) employers with 50 or fewer yment-social- employees to create summer job development/services/funding/ca opportunities for young people nada-summer-jobs.html ages 15-30.
Community Micro Lending Loans from $250 to $5,000 http://www.vcml.ca/cml-lend designed for individuals who need training to find employment or find better employment.
Get Youth Working! Offers eligible employers in BC a Kelowna Contact: Bowman negotiated Wage Subsidy as an Employment incentive to hire eligible youth [email protected] age 18 to 24. 1-877-866-3100 https://www.bowmanemploymen t.com/get-youth-working
Green Jobs Initiative for Youth The Program provides direct https://www.cpra.ca/green-jobs financial support via wage subsidies to municipalities, Indigenous communities and other sector organizations, allowing them to offer new
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summer job positions that focus on green career-related activities.
Innovator Skills Initiative Grant Get up to $10,000 a year to hire a http://www.newventuresbc.com/ student for a business or tech accelerate/isi/ role.
IRAP Youth Employment Program Designed to assist funding (up to https://www.mentorworks.ca/wh $30,000 per graduate) of hiring at-we-offer/government- young Canadian post-secondary funding/human-resources-and- graduates. Graduate can be training/youth-employment- applied to most areas from program/ business development to technical to customer service/administration.
LNG Canada Trades Training Fund Get help covering costs of https://www.bccassn.com/trainin Foundation or Apprenticeship g/lng-canada-workforce- training for an employee development-program/ interested in developing their skills in high demand trades.
Mitacs Provides professional skills https://www.mitacs.ca/en/progra development courses for ms/training/program-details graduate students and postdoctoral fellows. Sessions are offered at no charge to graduate students and postdoctoral fellows currently registered at a Canadian university.
Wage Subsidy Work Experience Provides financial reimbursement https://gthiringsolutions.ca/en/e Placement to employers who hire and train mployers eligible job seekers.
WorkBC Wage Subsidy WorkBC’s Wage Subsidy service https://www.workbc.ca/Employm provides funding to eligible ent-Services/WorkBC- employers as an incentive to hire Centres/Wage-Subsidy-(1).aspx and provide work experience to WorkBC clients. Contact your local WorkBC Centre to learn more.
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Venture Capital |Growth Capital | Private Equity If you intend to raise money directly from investors, the British Columbia Securities Commission (BCSC) wants you to know how to do it right. The BCSC is the provincial government agency responsible for regulating capital raising, securities trading, and investor protection.
The BCSC’s “For Companies” section on its website will help get you started, and a call to BCSC Inquiries at any point along the way can save you from making costly mistakes.
To find out more about capital raising in British Columbia: www.bcsc.bc.ca/For_Companies. Email BCSC Inquiries at [email protected] or call 1-800-373-6393
Atrium Ventures (VCC) Inc. Provides seed investments of up [email protected]. to 200k, industry expertise and www.atrium.vc unparalleled network contacts to accelerate growth. As a VCC established through BC’s Investment Capital Branch, Atrium investors receive a 30% refundable provincial tax credit at tax time. www.angelforum.org BC Angel Forum Technology and non-technology pre-screened companies seeking equity financing deliver "live" presentations to pre-screened private & corporate investors.
Canadian Financing Forum The Forum matches North https://financingforum.com/ American corporate and venture
capital investors with entrepreneurs. www.cvca.ca Canadian Venture Capital & A comprehensive list of Canadian (416) 487-0519 Private Equity Association venture capital financing email: [email protected] companies.
National Angel Capital A national industry association for www.nacocanada.com Organization Angel investors in Canada (416) 581-0009 [email protected]
VA Angels – Kelowna Chapter Entrepreneurs looking to raise www.vaangels.com/kelowna- financing for their startup chapter/ company present to investors at email: [email protected] forums across North America
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every month.
Vancouver Angel Technology The VANTEC network consists of www.vantec.ca Network angel investors and other early-
stage investors who meet monthly to hear a selected [email protected] number of short business presentations by nascent technology entrepreneurs. This is not an open forum style of event - it is private, informal and organized by volunteers. Between 30 and 40 angel investors typically attend each meeting. Attendance is restricted to VANTEC members and their guests.
Venture Capital Program B.C. investors receive a 30% tax https://www2.gov.bc.ca/gov/cont (Provincial) credit on their investment in a ent/employment- Venture Capital Corporation (VCC) business/investment- or an Eligible Business capital/venture-capital-programs Corporation (EBC).
Women’s Equity Lab Women’s Equity Lab welcomes a www.womensequitylab.com minimum of 20 women to invest at least $5,000 to create a combined co-investment in early stage companies of $100,000 or more. Investments are provided to both men and women early stage companies.
Western Universities Technology A novel "angel" fund that co- www.wutif.ca Innovation Fund (WUTIF) invests with angel investors in SFU Time Centre promising new technology 515 W Hastings St., Suite 7300 ventures in British Columbia. Vancouver, B.C. V6B 5K3 [email protected] Cel: (604) 644-1926
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Youth and Young Entrepreneurs (18-39) Futurpreneur Canada Get start-up and expansion www.futurpreneur.ca financing, mentoring, pre-launch and post-launch coaching and resources to make your business successful. For entrepreneurs ages 18 to 39.
Kelowna Contact: Bowman Get Youth Working! Offers eligible employers in BC a Employment negotiated Wage Subsidy as an [email protected] incentive to hire eligible youth age 1-877-866-3100 18 to 24. www.getyouthworking.ca IRAP Youth Employment Program Designed to assist funding (up to https://www.mentorworks.ca/ $30,000 per graduate) of hiring what-we-offer/government- young Canadian post-secondary funding/human-resources-and- graduates. Graduate can be applied training/youth-employment- to most areas from business program/ development to technical to customer service/administration.
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