The federal and provincial funding on offer to help Canadian businesses create world-changing products and services has been a boon for generations of founders building their dreams—and their homes—in the Great White North.
Specifically, Canada’s Scientific Research & Experimental Development (SR&ED) tax credit is among the most generous government-backed innovation funding programs anywhere. By helping teams recoup a significant share of their investments into R&D—more than 60 percent in some cases—Canadian-Controlled Private Corporations (CCPCs) can double down on their product development and stretch their innovation runway further.
Business-friendly innovation capital programs are also part of what makes Canada such an attractive destination for global innovators. The high quality-of-life enjoyed by Canadians along with the incredible opportunities to contribute to world-changing ventures has fueled almost 2,000 global innovators to work with VanHack to land their dream job in Canada and contribute to the country’s innovation ecosystem.
Now, VanHack’s proven process for helping a global network of engineers tap into opportunities to live and work in Canada is leveling-up.
In collaboration with Boast, VanHack’s new SR&ED Unlocked program offers a new way for CCPCs to drive world-wide innovation while tapping into the exclusive funding programs that set Canada apart.
How SR&ED Unlocked Works
With SR&ED Unlocked, software engineers who are already executing R&D for companies in the United States can tap into VanHack’s Partner Network of SR&ED-eligible CCPCs to relocate.
While this is a great opportunity for individual immigrant candidates, it’s especially fruitful for Partner Network CCPCs who can both help bring leading talent into Canada while unlocking between $25-50,000 in additional SR&ED funding in the process.
Best of all? VanHack does all the heavy lifting.
Once VanHack has sourced the software talent and connected them with an ideal Partner Network candidate (ie. YOU), the US company already employing that immigrant talent will contract with the Partner Network CCPC as a client.
On average, participating Partner Network members enjoy at least $25,000 in SR&ED claims as part of the agreement.
A proven partnership and track record of success
Beyond the opportunity to tap into more innovation capital, joining VanHack’s robust and extensive Partner Network unlocks access to an ecosystem of support that’s been successful in helping grow Canada’s economy while increasing CCPCs’ bottom lines.
So far, 18 Partner Network companies have already taken advantage of the progam, with 36 engineers in the relocation process. That’s unlocked more than $3 million in revenue booked for VanHack’s Partner Network CCPCs, while upwards of $1.5 million in SR&ED is on the table to be claimed to date.
If you’re a CCPC with a minimum of 2 T4 Full time employees and at least $200,00 in revenue for the last fiscal year, get in touch with VanHack today to learn how you can seamlessly get started boosting your SR&ED claim and driving more global innovation.
