BDC Financing — Tech Companies

Eligibility for financing solutions from BDC for tech companies is determined by specific requirements related to the company's revenue model and business status.

• The company must be in the tech industry.
• The company should have 12-24 months of generating revenues.
• The business should ideally support a recurring fees revenue model with monthly revenues of $50,000 or more for specific solutions.
• The applicants can include Indigenous entrepreneurs or newcomers to Canada.
• The business should be at an earlier-stage scale-up or established growth mode.

Who is eligible?

Eligible expenses

The eligible projects for this financing focus on providing financial support to tech companies aiming to enhance their operations and market position. These projects are designed to assist in growth, customer acquisition, and competitive strategy execution.

• Boosting a company’s growth plan through working capital to accelerate market entry, product development, and staffing expansion.
• Speeding up new customer acquisition by investing in sales, advertising, and digital marketing strategies.
• Surpassing competitors by acquiring another business and expanding into new markets.

Eligible geographic areas

The BDC Financing — Tech Companies grant does not specify eligible geographical areas based on the information provided, nor is there any regional eligibility criterion mentioned directly in the context given.

There are evaluation and selection criteria for this grant. BDC offers tailored financing solutions for tech companies with a focus on growth and flexibility.

• Financial stability and growth potential of the tech company.
• Relevant industry experience and expertise in the technology sector.
• Ability to demonstrate a clear growth plan and market positioning strategy.
• Monthly recurring revenues of $50,000 or more for certain financing options.

Here are additional relevant details for this financing solution:

• Non-dilutive financing solutions are available, allowing entrepreneurs to access capital without giving up equity.
• Payments schedules can be customized to fit the needs of the business, with options to delay principal payments initially.
• BDC offers expertise and support specifically tailored to technology companies, recognizing their unique earning and spending patterns.
• Flexible financial packages can be created by BDC's Growth & Transition Capital experts, which do not rely on traditional banking ratios or tangible assets.