This program is designed specifically for businesses like yours. It offers a unique opportunity to secure funding and expertise from experienced venture capitalists and angel investors. These professionals bring valuable knowledge and experience to help your business grow and succeed.

Why Apply?

• Access to Capital: Receive funding to support your business's growth and expansion.
• Expert Guidance: Benefit from the expertise and business acumen of seasoned investors.
• Tax Credit Support: Potential for tax credit-supported investments, making it a cost-effective financing option.

What's in it for You?

• Flexible Financing: Unlike traditional loans, this program offers more flexible terms and conditions.
• Growth Opportunities: Use the funds for various business needs, including operating expenses, new equipment, and software.
• Easy Qualification: The program is designed to be accessible, ensuring that eligible businesses can easily qualify.

By participating in this program, you can secure the financial support and expert guidance needed to take your business to the next level.

Type of Financing: Tax Credit

Repayment Terms and Interest Rates:

• No repayment is required as this is a tax credit, not a loan.
• There are no interest rates associated with this tax credit.

Eligible Expenses:

• Investments in start-ups and emerging small businesses.
• Funds can be used for business expansion and development.

Ineligible Uses:

• The funds cannot be used for personal expenses.
• They cannot be used for non-business-related activities.

Fees:

• There are no fees associated with applying for or receiving this tax credit.

This program is designed to help your business grow by providing investment from venture capital corporations (VCCs). You can receive funding to support your start-up or expanding small business. This funding can be used for various business needs, such as developing new products, expanding operations, or entering new markets.

The money you receive does not need to be paid back like a traditional loan. Instead, VCCs invest in your business in exchange for equity. This means they become part-owners of your business and share in its success. You benefit from their expertise and experience, which can be invaluable as you navigate the challenges of growing your business.

This program offers tax credit-supported investments, making it attractive for investors to support your business. This can lead to more funding opportunities and better growth prospects. By participating in this program, you can access the capital and knowledge needed to take your business to the next level.

1. Register Your Business:

• Ensure your business is registered as an eligible small business in British Columbia.

2. Gather Required Documentation:

• Business Plan
• Financial Statements (last two years)
• Proof of Business Registration
• Tax Returns (last two years)
• Details of Intended Use of Funds
• Any relevant licenses or permits

3. Review Program Guidelines:

• Read the Investment Capital Program Guidelines to understand the requirements and benefits.

4. Contact a Venture Capital Corporation (VCC):

• Reach out to a VCC listed in the Public Register to discuss potential investment opportunities.

5. Prepare Your Application:

• Complete the application form provided by the VCC.
• Attach all required documentation.

6. Submit Your Application:

• Submit the completed application and documentation to the VCC for review.

7. Follow Up:

• Stay in contact with the VCC to address any questions or additional information requests.

8. Await Approval:

• The VCC will review your application and notify you of the decision.

9. Finalize Investment Terms:

• If approved, discuss and agree on the investment terms with the VCC.

10. Receive Funds:

• Once terms are agreed upon, the funds will be disbursed to your business.

11. Comply with Reporting Requirements:

• Ensure you meet any ongoing reporting requirements as stipulated by the VCC and the program guidelines.