Find private funding on The Funding Portal today

 

Businesses across Canada can now rely on The Funding Portal to instantly find sources of both public and private financing to support their growth and R&D objectives, thanks to a new service launched today by the Portal.

 

Canada's high-growth firms from every industry sector consistently complain of difficulties in finding sources of private financing, such as venture capital, angel investors and private funds. A centralized database of funding opportunities has long been on the list of must-dos to promote economic development and innovation in Canada.

 

In July 2011, The Funding Portal Inc. launched Find It, a unique new proprietary search engine, listing all government funding and tax incentive programs in Canada sourced from federal, provincial and municipal governments. These funds represent more than $24 billion in industrial support provided through more than 4,100 programs. Each source of funding is summarized in a FundCard^TM which enables fast reliable search results that are highly tied to a company's funding objectives.

 

Today, The Funding Portal launched a complimentary national Find It search for private funds. The searchable database includes 500 different funds from banks, VCs, angels and other private investors across the country. The Funding Portal has identified approximately $100 billion managed by private investors of various types.

 

Thanks to the FundCard design, businesses can easily determine which funds are available according to their industry sector, location, stage of growth, and other important factors.

 

The Funding Portal Founder and CEO Teri Kirk says the Portal has built this tool in order to assist Canadian companies to improve their access to a wide range of private and public sector funding: "Sourcing capital is one of the hardest things that businesses do. Our tools make it easier to find funding and to successfully secure it."

 

Users of The Funding Portal can purchase access to the new private funding database for a single day, month or year to find private financing for their growth objectives.

 

The Funding Portal also provides an online concierge service and roster of experts to assist companies to achieve their financing objectives. Fees for concierge services as well as for the private financing database are posted on the Portal.

 

The Funding Portal Inc. is a Canadian venture corporation whose investors and partners include some of Canada's best business brands, ranging from KPMG to Espresso Capital. The company has plans to enter international markets in late 2012.

The Funding Portal on BNN

 

The Funding Portal CEO Teri Kirk was on BNN Monday to discuss public funding in Ontario. 

 

Watch the entire video to learn more on The Funding Portal's take on how Ontario stacks up compared with Quebec and Alberta.  

 

   

Make sure to catch The Funding Portal on BNN every Monday afternoon at 2:40 p.m. 

Weekly Digest

• Innovation: FedDev Ontario announced a $20M investment in innovation funds that will support SMEs through loans. 
• Culture: B.C. announced the launch of a new $750K Multiculturalism Grant program to support more than 150 communities and organizations in raising awareness of multiculturalism. Applications will be accepted until Feb. 15, 2013. 
• StatsCan: Statistics Canada released the Quarterly Government Finance Statistics and the Quarterly Financial Statistics for Enterprises.
• B.C.: $2.3M is being invested this year through the B.C. Wood First program to broaden the use of local wood products in commercial, government and mid-rise buildings.
• Agriculture: Agriculture Minister Gerry Ritz held roundtables on the next suite of agriculture programming.

Must Reads

• SR&ED: "Comment: Why cut innovation?" by Jeffrey G. MacIntosh
• Entrepreneurship: "12 rules for building your first profitable startup" by Layered Thoughts blog

New feature: Share your thoughts

 

It's now possible to share your comments and questions with The Funding Portal and its community through the Portal's blog.

 

Here is what some Members are saying about access to VC in Canada:

 

"I would like to see peer lending be incorporated into the mix. Why are we not using this vast resource to help Canadian companies launch? ... I would also like to see the lotteries in Canada put up a million dollars per year into a Green Challenge open to the world to encourage and develop ideas that will lead to more sustainable living."

 

"My colleagues/competitors globally have less restrictions in getting funds, therefore are further ahead in competing with/against me. Always a challenge in finding funding resources for growth. I hope this new direction in funding will assist me in growing my organization not just in revenue but also employees."

 

The Funding Portal looks forward to hearing your thoughts on the latest funding news.

 

Academic

Institut national de recherche scientifique (French)
Amount: $1,250,000, provincial
Location: QC
Program: Provincial
Funding Objective: New research chair

 

Cégep de Sherbrooke (French)
Amount: $970,000, provincial
Location: Sherbrooke, QC
Program: MELS, MSSS, MDEIE

Funding Objective: Pilot project

 

Agriculture, agri-food and forestry

Congrès mondial acadien de 2014 (French)
Amount: $2,000,000, provincial
Location: QC
Program: Provincial
Funding Objective: Event

 

Martin's Family Fruit Farm
Amount: $1,500,000
Location: Waterloo, ON
Program: Agricultural Innovation Program
Funding Objective: New processing line

 

Centre de developpement bioalimentaire du Quebec
Amount: $1,474,000
Location: La Pocatière, QC
Program: Business and Regional Growth program
Funding Objective: Equipment

Provincial (French)
Amount: $132,500, loan guaranty, $35,000, loan
Program: Investissement Québec

 

Novidev Inc.
Amount: $400,000
Location: La Pocatière, QC
Program: Business and Regional Growth program
Funding Objective: Equipment and commercialization  

Provincial (French)
Amount: $450,000, loan
Program: Investissement Québec

 

Art, culture and sport

Festival d'été de Québec (French)
Amount: $1,625,000, provincial
Location: QC
Programs: Programme de soutien au développement et à la promotion touristique - volet aide financière aux festivals et aux événements, Aide à la promotion et à la diffusion, Fonds de développement économique de la région de la Capitale-Nationale
Funding Objective: Project capital

 

Le Domaine Forget de Charlevoix Inc.
Amount: $1,220,000, non-repayable
Location: Saint-Irenée, QC
Program: Quebec Economic Development Program
Funding Objective: Upgrades

 

Festival international de Musiques militaires de Québec (French)
Amount: $275,000
Location: Québec, QC
Programs: Programme de soutien au développement et à la promotion touristiques, Fonds de développement économique de la région de la Capitale-Nationale
Funding Objective: Project capital

 

Vancouver Opera
Amount: $250,000, grant, provincial
Location: Vancouver, BC
Program: 2010 Sport and Arts Legacy
Funding Objective: Project capital

 

Corporation Coupe du Monde de velo de montagne Mont-Sainte-Anne
Amount: $150,000, non-repayable
Location: Beaupré, QC
Program: Community Diversification program
Funding Objective: Marketing, commercialization

 

College of Piping and Celtic Performing Arts of Canada
Amount: $10,000
Location: Summerside, PE
Program: Canada Arts Presentation Fund
Funding Objective: Concert series

 

Automotive

Kongsberg Inc. - federal
Amount: $401,760, repayable
Location: Shawinigan, QC
Program: Business and Regional Growth program
Funding Objective: New production line

Provincial (French)
Amount: $50,000, non-repayable, provincial
Program: Programme d'appui au redressement et à la rétention d'entreprises stratégiques et aux territoires en difficulté

 

Community initiatives

Careerworks
Amount: $165,000
Location: Winnipeg, MB
Program: Skills Link
Funding Objective: Skills development

 

Segue Career Options
Amount: $136,000
Location: Winkler, MB
Program: Skills Link
Funding Objective: Skills development

 

Construction and manufactured products

Groupe Soucy (French) 

Funding Objective: Expansion, modernization

 

John Lewis Industries Ltd

Amount: $900,000, repayable 

 

Trout River Industries Limited

Amount: $213,690, federal, $213,689, prov., $99,959, NRC-IRAP 

Program: ACOA, PE Department of Innovation and Advanced Learning, DTAPP

Funding Objective: Expansion

 

Tire Recycling Atlantic Canada Corp. 

Location: Minto, NB

Programs: ACOA Business Development Program, provincial

Funding Objective: Productivity

 

Design Catamaran Inc. 

Location: Trois-Rivières, QC

Program: Community Diversification program

Funding Objective: Commercialization

 

SCP 89 Inc. 

Location: Laterrière, QC

Program: Business and Regional Growth program

Funding Objective: R&D

 

IT, digital media and technology

Intelivote Systems
Amount: $800,000, VC, provincial
Location: Darmouth, NS
Program: Nova Scotia Business Inc.
Funding Objective: Market expansion

 

Tourism

307 grassroots tourism projects in BC
Amount: $1,000,000, provincial
Location: BC
Program: Community Tourism Opportunities
Funding Objective: Project capital

 

Municipality of Peribonka (French)
Amount: $150,000, provincial
Location: Peribonka, QC
Program: Fonds conjoncturel de développement
Funding Objective: Touristic development