CANADIAN GRANT FUNDING

CANADIAN GRANT FUNDING

SPEAKERS

STEPHANIE SANG

CEO

Granted

RUSS ARMSTRONG

Head - Eastern Canada

Boast.AI

CANADIAN GRANT FUNDING

Agenda

•Why grant planning is necessary

•What you need to have in place to apply successfully

•Top 10 grant mistakes to avoid

•How to find grants that meet your business needs

•Overview of the biggest bang for buck grants

Grants 101

By: Stephanie Sang

$100,000

Agenda

• How to Fail

• How to Succeed

• Available Grants

How To Fail

• Grant jargon• Follow through • Incomplete applications• Not in the know

• Missed opportunity • Started activity

How to Succeed

Company requirements

• Incorporation Date • Revenue & Cash Flow • Understand what is grantable (next slide)

Grantable Activities

What You Miss Out On

Activity Cost % covered Grant Amount

Hiring 40,000 50% (Max $15K) 15,000*

Training 20,000 80% 16,000Market Expansion 50,000 67.5% 33,750

R&D 50,000 50% 25,000Quality System 10,000 50% 5,000

TOTAL 94,750

Finding the Grants• Innovate Canada Grant Portal - App• Provincial Government Sites• Federal Government Sites• Mailing Lists • Industry Association Newsletters• Connect with Chamber of Commerce, BIA,

Business Networks•

Try GetGranted for a Free Trial

Your R&D Tax Prep on Autopilot

SR&ED OVERVIEW

Our team of engineers and accountants, with over 30 years of SR&ED experience, leverage the Boast.AI proprietary software platform to prepare your claims in real-time, increasing refunds and decreasing the time and energy required from your internal resources.

Since 2011, Boast has been helping innovative businesses in the US and Canada recover their R&D costs from the government.

About

Increase Your SR&ED Claim with Software

TRUSTED BY MAJOR TECH HUBS

The only SR&ED automation software available. Join over 300 other companies that have switched to Boast.AI to increase claims and refunds for less time and money.

SR&ED Experts

Larger Refunds

Less Time

Reduced Audit Risk

What is SR&ED?

Scientific Research & Experimental Development

Government program to encourage further innovation in Canada

Over 25,000 companies received $3.5 billion in 2018

Up to 64% cash back on R&D spend

SR&ED Benefits - CCPC

SR&ED Benefits - Non-CCPC

Qualifying Criteria

ALL OF THE ABOVE MUST BE PRESENT!

Technological Uncertainty

Systematic Investigation

Technological Advancement

Challenges usually indicate a technological uncertainty

There was due diligence by the team to search for publicly available answers

The uncertainty is determined within the context of the company

Technological Uncertainty

Meeting technical objectives

Example

Scalability, performance targets, accuracy targets

Which of several alternatives will produce the desired resultExample

Which algorithm or design methodology will satisfy technical objectives

How to build upon out of box solutions to adapt it to a unique challengeExample

Use open-source framework X to solve problem Y with Z modifications determined through experimentation

Technological Uncertainty Examples

Systematic Investigation

SR&ED ELIGIBLE WORK MUST:

Be performed by qualified, experienced personnel

Incorporate a systematic investigation:

ITERATIONS

Hypothesis -> Experiment -> Conclusions

Advance the company’s knowledge-base in order to address technological uncertainty

Whether experimentation is successful or not is irrelevant

About knowledge gained, not the end product

Technological Advancement

Technical Documentation

Dated Documented at the time the work

was completed

Highlight technical challenges & iterations

Technical Documentation

DOCUMENT TECHNICAL CHALLENGES AS THE WORK PROGRESSES

Highlight technical challenges & iterations

Monthly granularity: major technical challenges/obstacles encountered by the team

TIME TRACKING SHOULD INDICATE: PROJECT & ACTIVITY

Time Tracking

Any type of system can be used

Granularity: quarter day/half day and can be filled out weekly

SR&ED Activities

Development Testing Technical analysis Technical requirements Project management

Claim Deadline & Turnaround

DEADLINE IS 18 MONTHS PAST FISCAL YEAR END

Current claim: - file within 6 months - ~4 month CCPC

turnaround

Amended claim: - file within 7 to 18 months - ~8 month CCPC

turnaround

~12 month turnaround for non-CCPCs

Your SR&ED Hub

Our software integrates with your existing technical and financial systems and uses advanced machine learning algorithms to automatically identify, categorize, and time track SR&ED eligible projects, leading to larger claims and refunds with

less time invested from your team.

Our Process vs Others

PROGRESS REVIEW Technical and financial update

PROGRESS REVIEW Technical and financial update

CLAIM SUBMISSION Technical Report Financial Report Tax Forms Final Review

KICK OFF Program Overview Data Integration Roadmap Review

4-12 weeks of manual effort from client searching historical data to identify eligible projects, prepare time estimates, and write reports.

OTHERS

BOAST.AI

CANADIAN GRANT FUNDING

Q&A

STEPHANIE SANG

CEO

Granted

RUSS ARMSTRONG

Head - Eastern Canada

Boast.AI