Vancouver and Toronto, Nov 27, 2011– Espresso Capital Partners, a provider of alternative financing for growth companies in Canada, announces the first closing of its second Fund based on financing government tax credits . The $30-million Espresso Tax Credit II Fund was created in response to increasing demand from technology and digital media companies for funding [...]
Canada’s SR&ED program is currently being reviewed by the federal government and your input is important. Help us keep SR&ED intact – tell the federal government how it’s important to your company In December 2010, the federal government convened an Expert Panel to review federal support of Research and Development in Canada. Several organizations provided input [...]
Like the alien plant in Little Shop of Horrors that was always demanding “Feed Me, Seymour”, technology startups constantly gobble cash. The CEO’s top priority is to continually feed this beast. This means that overriding the operation of any tech startup is the every-present need for more money. As illustration, let’s run through the finance [...]
After reading the article by Barrie McKenna entitled “Flawed R&D scheme costs taxpayers billions” (http://bit.ly/fHCJFo) in the Globe and Mail’s March 11, 2011 edition, I believe there are some truths and some misconceptions. Mr. McKenna writes, “And the low risk of getting caught means too much of the money winds up in the hands of [...]
VANCOUVER, BC – November 23rd, 2010: Espresso Capital Partners is pleased to announce the closing of a CDN$ 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 [...]
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 [...]
SR&ED tax credit financing
You’re an inventor and entrepreneur developing a new solution and living off KD and Timmy’s. In Canada this is typical of many new start-ups. Let’s assume you’re a Canadian Controlled Private Corporation (CCPC). There may be a way to add funding for your company even though you may not have enough money to pay yourself. [...]
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