When innovative businesses seek out and receive non-dilutive government funding, they’re getting more than just capital to extend their runway.
By receiving a SR&ED claim, for instance, you’re also getting validation from the Canadian government that you’re driving truly unique innovation—a bonafide that can actually make your product more attractive to outside investors.
This applies to government grants and funding programs too.
If you’re able to successfully pitch your innovation for a defense contract, for instance, you’ve demonstrated that you’re working on a project that shows so much promise that Canada will actually pay to both leverage your innovation exclusively, and keep your valuable work on Canadian soil.
Helping businesses make this case and capture that non-dilutive capital is what drives Tarig Abdellatief, Managing Director of Arctech Accelerate, to work hard every day.
Based out of Ottawa, Tarig’s team sets a national standard for grant and proposal writing, business development and lobbying sector services, representing businesses across software, manufacturing, healthcare, Space Tech, Military, Not-for-Profit and virtually any other sector driving innovation in Canada today.
Tarig utilizes a deep understanding of government programs, policies and protocols to help the founders and entrepreneurs he works with maximize their access to the resources they need to succeed.
He’s put this knowledge to work partnering with Boast and other leaders in the startup ecosystem for a series of recent webinars hosted by Startup Stack, and has been an invaluable resource personally in helping me understand what it takes to build a successful startup in Canada.
Funding for all stages of R&D
Working with Defense Contractors in Canada requires 3 overlapping buckets of knowledge. This includes the technical, engineering expertise, as well as the ability to write compelling grants and experience lobbying. This is what sets Arctech Accelerate apart in a market that is largely defined by large investment banks that can’t move with the agility of Tarig’s team.
The symbiotic relationship between Arctech Accelerate and Boast has acted as a catalyst for innovation in Canada. While Boast can help teams recoup retroactive expenses for research and development, Arctech helps teams capture funding for future projects, making our partnership an organic (and productive) fit.
Another challenge that businesses face is misunderstanding funding eligibility. Much of this comes down to a lack of clear documentation or a few missing data points, which may seem like small errors but could make-or-break your access to capital.
That’s why it’s critical that teams leverage systems of intelligence that combine key project data (alongside investments and outcomes) to ensure they’re filing comprehensive reports.
With Boast’s AI-driven platform and expertise in navigating the SR&ED application process, we leave no stone unturned in maximizing your R&D tax credit claim, while giving your a single source of truth to understand the true ROI of your R&D.
Stream the full interview on Boast’s YouTube page here.
Talk to an expert from Boast today to learn more about our proven strategy to help businesses claim higher SR&ED returns, maximize their runway and optimize the value of their research and development.
