Canada’s SR&ED program is currently being reviewed by the federal government and your input is important.
Help us keep SR&ED intact – tell the federal government how it’s important to your company
In December 2010, the federal government convened an Expert Panel to review federal support of Research and Development in Canada. Several organizations provided input earlier this year which, among several recommendations, included the need for continued support of the existing SR&ED program in Canada as a vital part of supporting early stage technology companies.
This posting has nothing to do with Espresso Capital but I think the subject is important enough to reach out to everyone I know in BC, regardless of how distant the connection. This week we have an unusual opportunity in BC to shape public tax policy in a way that occurs very rarely in our lives. Please take it seriously. more »
Like the alien plant in Little Shop of Horrors that was always demanding “Feed Me, Seymour”, technology startups constantly gobble cash. The CEO’s top priority is to continually feed this beast.
This means that overriding the operation of any tech startup is the every-present need for more money. more »
VANCOUVER, BC – November 23rd, 2010:
Espresso Capital Partners is pleased to announce the closing of a CDN$ 600,000 financing to Clevest Solutions Inc. (“Clevest”) – a Richmond-based software company that was ranked as the fastest growing technology company in BC by Business in Vancouver in both 2009 and 2010. This primary use of funds for this Scientific Research and Experimental Development (“SR&ED”) Tax Credit backed, working capital loan was to finance the acquisition of certain assets from Neptune Technology Group Inc. (“Neptune”) announced last week.
As former executives, and current directors, of technology focused companies, the partners of Espresso Capital know what it’s like to bob up and down on the rough seas of uneven cash flow. Growing companies require cash and most companies typically think of equity as the source of that cash. What we didn’t realize initially when starting Espresso, was the variety of reasons why companies need short term capital. I wanted to point out the innovative ways some of the companies we have assisted have used their Espresso SR&ED financing over the past year: more »