BCBusiness

February 2020 – First Mover

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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Funding is one of the most essential considerations for a startup's success, among a handful of other important fac- tors, including market timing and a fine- tuned idea. But no matter how great the business idea, entrepreneurial dreams can be dashed if you fail to secure the financial backing necessary to launch and grow your company. When you're looking to obtain growth capital, there are Canadian government grants and funding programs available to small business owners and startup entrepreneurs nationwide. However, when you include government funding in your business plan—and you require the money before the resources are available to you— you'll need to explore financial services that are able to support the gap in your funding. Old Kent Road Financial (OKR) provides bridge financing to small and medium- sized companies that are either apply- ing for expect to receive funding from the Canadian government's Scientific Research and Experimental Develop- ment Credits (SR&ED) tax credit and/or grant programs, loan programs, financ- ing programs and repayable contribution programs. The Old Kent Road Financial fund specializes in these highly profitable bridge loans to finance government funding. Its non-dilutive financing solutions help com- panies manage their cash flow needs and let them focus on growing their business OKR Financial fund provides opportunities for investors and entrepreneurs A BRIDGE TO GOVERNMENT GRANTS

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