Busine ss Sc a le -up & Pro duc tivity (BSP) Pro g ra m Stre a m - PowerPoint PPT Presentation

Busine ss Sc a le -up & Pro duc tivity (BSP) Pro g ra m Stre a m I nfo rma tio n De c k

Outline Ove rvie w o f the Go ve rnme nt o f Ca na da • I nno va tio n Pro g ra m Cha ng e s Re g io na l De ve lo pme nt Ag e nc ie s – WD’ s ro le • Busine ss Sc a le -up a nd Pro duc tivity Pro g ra m • Stre a m E lig ib ility • E xpre ssio n o f I nte re st, Applic atio n and Re vie w Pro c e ss • E le me nts o f a Stro ng Applic atio n • Co nta c t WD • 2

F e de ra l F la g ship I nno va tio n Pla tfo rms Building o n re g io na l • inno va tio n c a pa c ity Busine ss-c e ntric • Stre a mline d pro g ra mming • 22 pro g ra ms 2 pro g ra ms • 3

We ste rn E c o no mic Dive rsific a tio n Ca na da (WD) De live rs a c o ntinuum o f • pro g ra ms a nd se rvic e s suppo rting we ste rn sma ll E dmonton a nd me dium-size d e nte rprise s (SME s) to inno va te , c o mpe te , a nd Calgar y e ng a g e in inte rna tio na l Saskatoon Winnipe g Vanc ouve r b usine ss Pro mo te s a nd WD pr omote s the • c o o rdina te s fe de ra l de ve lopme nt and dive r sific ation of the e c o no mic de ve lo pme nt e c onomy in We ste r n po lic ie s a nd pro g ra ms in Canada. the We st

Busine ss Sc a le -up a nd Pro duc tivity (BSP) T he Busine ss Sc a le -up a nd Pro duc tivity (BSP) stre a m is pa rt o f the Re g io na l E c o no mic Gro wth thro ug h I nno va tio n (RE GI ) pro g ra m, a na tio na l pro g ra m de live re d b y re g io na l de ve lo pme nt a g e nc ie s (RDAs) a c ro ss the c o untry. T he BSP suppo rts hig h-g ro wth b usine sse s tha t a re sc a ling up a nd pro duc ing inno va tive g o o ds, se rvic e s, o r te c hno lo g ie s. I t o ffe rs inte re st fre e re pa ya b le funding to inc o rpo ra te d b usine sse s. WD o pe ne d its first c a ll fo r pro po sa ls fo r the BSP pro g ra m in De c e mb e r 2018. 5

BSP Ob je c tive s He lp hig h-g ro wth b usine sse s to sc ale up and e xpand • Suppo rt te c hnology de monstr ation a nd the c omme r c ialization • of ne w te c hnologie s E nc o ura g e the e a rly a do ptio n o r a da pta tio n o f le ading-e dge • te c hnologie s a nd pro c e sse s to impro ve pro duc tivity I nc re a se b usine sse s’ c a pa c ity to g ro w thro ug h mar ke t • sific ation a nd e ntry into g lo b a l ma rke ts dive r 6

BSP Assista nc e Up to 50% o f e lig ib le pro je c t c o sts • Minimum $200K ; Ma ximum $5M/ pro je c t • Ma ximum $10M to a ny o ne o rg a niza tio n • Minimum 50% o f to ta l pro je c t funding re q uire d fro m c o nfirme d no n- • g o ve rnme nt so urc e s All no n-WD so urc e s must b e c o nfirme d - a t time o f a pplic a tio n a nd • a fte r pro je c t a ppro va l Ma ximum pro je c t dura tio n o f 3 ye a rs • Afte r pro je c t c o mple tio n - 1 ye a r g ra c e fo llo we d b y • 5 ye a rs re pa yme nt I nte re st fre e ; No se c urity/ c o lla te ra l ta ke n • Busine sse s will b e limite d to o ne suc c e ssful a pplic a tio n pe r • calendar ye a r 7

E lig ib le Re c ipie nts Busine sse s must me e t the fo llo wing e lig ib ility c rite ria : hig h g ro wth b usine ss (e .g . a ny fo r-pro fit c o mpa ny tha t ha s • no ta b le a nd/ o r c o nsiste nt re ve nue inc re a se s ye a r o ve r ye a r. T ypic a lly, this me a ns a n inc re a se o f a t le a st 20% ye a r o ve r ye a r) tha t is sc a ling up a nd pro duc ing inno va tive g o o ds, se rvic e s, o r te c hno lo g ie s inc o rpo ra te d to do b usine ss in Ca na da • ha ve b e e n in b usine ss fo r a t le a st 2 ye a rs in Canada • ha ve sta ffe d o pe ra ting fa c ilitie s in We ste rn Ca na da (de fine d • a s British Co lumb ia , Alb e rta , Sa ska tc he wa n o r Ma nito b a ) ha ve c o nfirme d, a t the time o f a pplic a tio n, funding fro m a ll • o the r so urc e s, inc luding g o ve rnme nt a nd no n-g o ve rnme nt (no n-g o ve rnme nt fund ing must re pre se nt a t le a st 50% o f the pro po se d pro je c t c o sts) 8

Prio rity Are a s WD will c o nside r pro je c ts in the fo llo wing a re a s: • Adva nc e d Ma nufa c turing • Cle a n Re so urc e s • Cle a n T e c hno lo g y • Dig ita l I ndustrie s • He a lth a nd Bio -sc ie nc e s • Na tura l Re so urc e s Va lue -a dding Pro c e ssing • Va lue -a dde d Ag ric ulture 9

Are a s o f F o c us Pre fe re nc e will b e g ive n to pro po sa ls with a de mo nstra te d fo c us o n: • Cle a n T e c hno lo g y • F o o d a nd I ng re die nts Pro c e ssing • He a lth Ana lytic s a nd Dia g no stic s • Ze ro E missio n He a vy E q uipme nt Ve hic le s 10

E lig ib le Ac tivitie s Pro duc tivity I mpro ve me nt • a c q uiring , a da pting , a do pting ne w te c hno lo g y pro c e sse s • pro c e ss re -e ng ine e ring • impro ving ma nufa c turing c a pa c ity • pro duc tivity impro ve me nt • Busine ss Sc a le -up • ma rke t a na lysis, re se a rc h, pla nning , de ve lo pme nt, a nd/ o r e xpa nsio n • a do pting b e st ma na g e me nt pra c tic e s, pro c e sse s, a nd syste ms • b usine ss o ppo rtunity de ve lo pme nt • T e c hno lo g y Co mme rc ia liza tio n (T RL 7-9)* • la te sta g e pro duc t de ve lo pme nt g e a re d to wa rd ma rke t dive rsific a tio n • a nd g ro wth, suc h a s te c hno lo g y sho wc a sing a nd te c hno lo g y de mo nstra tio n. *T e c hno lo g y Re a d ine ss L e ve ls 7-9 a s d e fine d b y Inno va tio n, Sc ie nc e a nd E c o no mic De ve lo pme nt Ca na d a 11

E lig ib le Co sts I nc re me ntal c o sts e sse ntial to the pro je c t E xample s Ca pita l c o sts (e q uipme nt, ma c hine ry) • L a b o ur (wa g e s, b e ne fits) • Ma rke ting • Co sts re la te d to inte lle c tua l pro pe rty • T e c hno lo g y de ve lo pme nt a nd c o mme rc ia l de mo nstra tio ns • Pro fe ssio na l, a dviso ry, te c hnic a l se rvic e s • 12

I ne lig ib le Co sts Co sts de e me d unre aso nab le , no n-inc re me ntal, and/o r no t dire c tly re late d to pro je c t ac tivitie s E xample s Ba sic a nd a pplie d R&D (T RL 1-6) • L a nd a nd b uilding s • Sa la ry b o nuse s a nd divide nd pa yme nts • E nte rta inme nt e xpe nse s • Re fina nc ing o f e xisting de b ts • Amo rtiza tio n o r de pre c ia tio n o f a sse ts • L o b b ying a c tivitie s • Do na tio ns, due s a nd me mb e rship fe e s • Co sts inc ur r e d pr io r to Apr il 1, 2020 ar e ine ligible 13

E xpe c te d Re sults WD is lo o king to suppo rt pro je c ts tha t ha ve a via b le • pla n to pr oduc e str ong e c onomic outc ome s. Applic a nts must q ua ntify, sub sta ntia te , a nd la te r • re po rt o n the fo llo wing e xpe c te d re sults: • Numb e r o f HQP jo b s c re a te d in Ca na da • Numb e r o f no n-HQP jo b s c re a te d in Ca na da • Re ve nue g ro wth ($) • E xpo rt sa le s g ro wth ($) • Busine ss sa le s g ro wth re sulting fro m c o mme rc ia liza tio n ($) – whe re a pplic a b le 14

E xpe c te d Re sults - I nc lusive ne ss WD is wo rking to impro ve the e c o no mic • pa rtic ipa tio n o f Indige nous pe ople s , wome n , a nd youth Applic a nts a re e nc o ura g e d to re po rt o n e ffo rts to • suppo rt inc lusive ne ss F o r info rma tio n o n the Go ve rnme nt o f Ca na da ’ s • I nc lusive I nno va tio n Ag e nda , visit: https:/ / www.ic .g c .c a / e ic / site / 062.nsf/ e ng / h_00009. html 15

E xpre ssio n o f I nte re st (E OI ) Pro c e ss Busine sse s tha t a re inte re ste d in BSP a re e nc o ura g e d to c o nta c t us prio r to c o mple ting a n E OI . Whe n sub mitting yo ur E OI b y e ma il use sub je c t line : “BSP E xpre ssio n o f I nte re st” a nd a tta c h the fo llo wing do c ume nts: A c o mple te d E OI fo rm • F ina nc ia l sta te me nts fo r the pa st two ye a rs • Co nfirma tio n o f o the r funding so urc e s (e .g . b a nk sta te me nts, • unuse d po rtio n o f line s o f c re dit, o ffic ia l le tte rs o f inte nt, funding a g re e me nts, sig ne d te rm she e ts) Othe r suppo rting info rma tio n (e .g . b usine ss pla n, pitc h de c k) • de ta iling yo ur o rg a niza tio n a nd the pro po se d pro je c t 16

E OI Pro c e ss c o nt’ d E xpre ssio n o f I nte re sts o nly a c c e pte d during inta ke pe rio ds: • E OI Intake Pe r iods OPE N CL OSE F e br uar y 24, 2020 Mar c h 23, 2020 Se pte mbe r 15, 2020 Oc tobe r 14, 2020 Januar y 15, 2021 F e br uar y 16, 2021 WD re se rve s the rig ht to c ha ng e the se inta ke da te s a t a ny time ; • c o nsult o ur we b site fo r the mo st c urre nt da te s. Within 30 c a le nda r da ys o f the c lo se o f the inta ke , WD will invite • se le c t c o mpa nie s to sub mit a full a pplic a tio n fo r funding c o nside ra tio n. I f yo u ha ve no t b e e n c o nta c te d, yo ur pro je c t will no t b e c o nside re d fo r funding . 17