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

SLIDE 1

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

SLIDE 2

Outline

2

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

SLIDE 3

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

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SLIDE 4

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 a nd me dium-size d e nte rprise s (SME s) to inno va te , c o mpe te , a nd e ng a g e in inte rna tio na l b usine ss

Pro mo te s a nd

c o o rdina te s fe de ra l e c o no mic de ve lo pme nt po lic ie s a nd pro g ra ms in the We st

Vanc ouve r Winnipe g Saskatoon E dmonton

WD pr

mote s the

de ve lopme nt and dive r sific ation of the e c onomy in We ste r n Canada.

Calgar y

SLIDE 5

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.

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SLIDE 6

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

f 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 dive r sific ation a nd e ntry into g lo b a l ma rke ts

6

SLIDE 7

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

SLIDE 8

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
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)

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SLIDE 9

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

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SLIDE 10

Are a s o f F

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 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

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SLIDE 11

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

SLIDE 12

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

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SLIDE 13

I ne lig ib le Co sts

13

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
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

SLIDE 14

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

duc e str
ng 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

SLIDE 15

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
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

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SLIDE 16

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

SLIDE 17

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:

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

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

SLIDE 18

Co nfirma tio n o f F unding

F

unding pro vide d b y a pplic a nt

Curre nt b a nk sta te me nts

de ta iling e xisting c a sh b a la nc e s

r the unuse d po rtio n o f line s o f

c re dit

F

unding pro vide d b y third- pa rty so urc e s

Offic ia l le tte rs o f c o nfirme d/

c o nditio na l funding

F

unding a g re e me nts

Sig ne d te rm she e ts
F
re c a ste d re ve nue s fro m

future a c tivitie s

Ac c o unts re c e iva b le s
Co mmitme nts to ra ise e q uity o r

to o b ta in future b a nk fina nc ing

Sc ie ntific Re se a rc h &

E xpe rime nta l De ve lo pme nt (SR&E D) c re dit re c e iva b le s

18

E vide nc e o f Co nfir me d F unding No t Ac c e pte d as Confir me d F unding

SLIDE 19

Asse ssme nt Pro c e ss

E

OI s de mo nstra ting the hig he st me rit a nd fit with BSP o b je c tive s will b e invite d to c o mple te a full a pplic a tio n a nd unde rg o a de ta ile d a sse ssme nt

Asse ssme nt Pro c e ss
Applic a tio ns will b e e va lua te d o n the ir a b ility to a c hie ve the BSP
b je c tive s a nd o n the ir re la tive stre ng ths in the fo llo wing a re a s:
Ma rke t po te ntia l
Ma na g e me nt c a pa b ility
F

ina nc ia l c a pa c ity

E

c o no mic b e ne fits

T

e c hno lo g y re a dine ss (T e c hno lo g y Co mme rc ia liza tio n pro je c ts

nly)
De pa rtme nta l/ Re g io na l prio ritie s

19

SLIDE 20

Asse ssme nt Pro c e ss c o nt’ d

I

f unde rg o ing a de ta ile d a sse ssme nt, WD will re q ue st:

Busine ss pla n (if no t a lre a dy sub mitte d)
F
re c a ste d inc o me sta te me nts a nd c a shflo w fo r the dura tio n o f the

pro je c t

De ta ile d b re a kdo wn o f pro je c t c o sts
Disc lo sure o f pre -e xisting disb urse me nts to 3rd pa rtie s o r se nio r

e xe c utive s

Altho ug h WD ma y e ng a g e c o mpa nie s dire c tly o n o utsta nding q ue stio ns
r issue s, a pplic a nts a re a dvise d to sub mit a c o mple te a nd tho ro ug h

a pplic a tio n.

20

No t all applic atio ns unde r go ing a de taile d asse ssme nt will r e c e ive an o ffe r

f funding

SLIDE 21

Asse ssme nt Pro c e ss c o nt’ d

A te c hnic a l a sse ssme nt ma y b e c o nduc te d b y Na tio na l

Re se a rc h Co unc il’ s - I ndustria l Re se a rc h Assista nc e Pro g ra m (NRC-I RAP) fo r pro je c ts utilizing no ve l te c hno lo g y.

Susta ina b le De ve lo pme nt T

e c hno lo g ie s Ca na da a nd Cle a n Gro wth Hub will b e c o nsulte d o n pro je c ts re la te d to c le a n te c hno lo g y a nd c le a n re so urc e s.

21

SLIDE 22

F unding Disb urse me nt / Re pa yme nt

F unding Disbur se me nt

I

f a ppro ve d fo r BSP funding ,

WD pro vide s funding b a se d o n sub mitte d c la ims
WD will re imb urse b a se d o n a ppro ve d po rtio n

(i.e . 50%) o f e lig ib le pro je c t c o sts tha t ha ve b e e n inc urre d a nd pa id

Re payme nt

Afte r pro je c t c o mple tio n, the re is a o ne ye a r g ra c e pe rio d

fo llo we d b y e q ua l mo nthly pa yme nts o ve r 5 ye a rs

No pe na lty fo r e a rly re pa yme nt

22

SLIDE 23

E le me nts o f a Stro ng Pro je c t

Co mpre he nsive a nd we ll writte n b usine ss pla n
I

nde pe nde nt ma rke t a sse ssme nt a nd/ o r e vide nc e o f unme t ma rke t de ma nd

Cle a rly de fine d ma rke t size a nd o ppo rtunity
Dire c t c o mpe tito rs a re ide ntifie d a nd a sse sse d
De ta ile d de sc riptio n o f b o th the a pplic a nt o rg a niza tio n a nd

pro je c t ma na g e me nt te a m

Cre dib le fina nc ia l sta te me nts a c c o mpa nie d b y lo g ic a l a nd

re a so na b le fina nc ia l pro je c tio ns

23

SLIDE 24

E le me nts o f a Stro ng Pro je c t c o nt’ d

De mo nstra te d fina nc ia l c a pa c ity to e xe c ute the pro je c t a nd

the a b ility to re pa y

Cle a r a lig nme nt with a t le a st o ne prio rity a re a
Sig nific a nt e c o no mic b e ne fits/ o utc o me s suppo rte d b y

re a so na b le a ssumptio ns a nd ra tio na le

We ll de fine d I

P Stra te g y (if a pplic a b le )

Cle a r e xpla na tio n a s to ho w the pro duc tivity o r e ffic ie nc y

sa ving s will e na b le the c o mpa ny to g ro w a nd e xpa nd (if a pplic a b le )

24

SLIDE 25

T ime line s

E

OI I nta ke Pe rio d – 4 we e ks

A c o mple te d E

OI a nd a ll ma nda to ry a tta c hme nts a re re q uire d a t time

f e ma il sub missio n
I

nvita tio n to Apply

Only b usine sse s tha t a re invite d to a pply will b e c o nta c te d within 30

c a le nda r da ys o f the c lo se o f the E OI inta ke

F

unding De c isio ns

Within a ppro xima te ly 90 b usine ss da ys o f re c e iving a c o mple te funding

pro po sa l. T he c o mple te ne ss o f Applic a tio ns will impa c t funding de c isio n time line s

E

a rlie st pro je c t sta rt da te fo r the c urre nt inta ke is April 1, 2020

One suc c e ssful BSP pro je c t pe r o rg a niza tio n pe r c a le nda r ye a r

25

E OI/ Applic ation vo lume s may impac t all time line s

SLIDE 26

Othe r F unding Co nside ra tio ns

Co nsult yo ur a c c o unta nt a nd/ o r CRA to de te rmine the full

implic a tio ns o f re c e iving BSP funding .

T

a xa b le I nc o me

SR&E

D Cre dits

SR&E

D c re dits o r o the r simila r fe de ra l o r pro vinc ia l ta x c re dits e xpe c te d to b e re c e ive d within the pro je c t sc o pe / time line fo r pro je c t a c tivitie s, will b e c o nside re d o the r g o ve rnme nt a ssista nc e . T his ma y re q uire WD to re duc e its funding to ma inta in the le ve l o f g o ve rnme nt a ssista nc e a t 50%.

Whe re po ssib le , e xc lude SR&E

D e lig ib le c o sts fro m yo ur a pplic a tio n.

26

SLIDE 27

Co nta c t WD

27 Va nc o uve r, British Co lumb ia T e le pho ne : 604-666-6256 T

ll F

re e : 1-888-338-9378 T e le type write r (T T Y): 1-877-303-3388 E ma il: wd .b c -c b .d e o @ c a na d a .c a Ca lg a ry, Alb e rta T

ll F

re e : 1-888-338-9378 T e le type write r (T T Y): 1-877-303-3388 E ma il: wd .a b -a b .d e o @ c a na d a .c a E d mo nto n, Alb e rta T e le pho ne : 780-495-4164 T

ll F

re e : 1-888-338-9378 T e le type write r (T T Y): 1-877-303-3388 E ma il: wd .a b -a b .d e o @ c a na d a .c a Sa ska to o n, Sa ska tc he wa n T e le pho ne : 306-975-4373 T

ll F

re e : 1-888-338-9378 T e le type write r (T T Y): 1-877-303-3388 E ma il: wd .sk-sk.d e o @ c a na d a .c a Winnipe g , Ma nito b a T e le pho ne : 204-983-4472 T

ll F

re e : 1-888-338-9378 T e le type write r (T T Y): 1-877-303-3388 E ma il: wd .mb -mb .d e o @ c a na d a .c a

F

r

mor e infor mation

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llo w us o n T

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