Reading time: 7 minutes. The business of clean technology is entering a new stage. Spanning sectors from fintech to mining, cleantech companies operate anywhere there’s waste. From the production of clean hydrogen to technology like solar panels or electric cars, the cleantech industry is unique in its applicability and scale. It’s unsurprising that the global cleantech … Read more
When measuring your business’s financial health, your cash burn rate is one of the most critical metrics to consider.
Reading time: 8 minutes “If you cannot measure it, you cannot improve it.” This famous quote from Lord Kelvin particularly resonates with running a SaaS business. The industry is projected to grow to $623.3 billion by 2023. Running a successful SaaS business is all about understanding different metrics such as churn rate, Customer Acquisition Cost, … Read more
Venbridge congratulates Plantiga on closing US $1.2M in funding led by led by Harlo Equity Partners with participation from Globalive Capital Partners, Rian Gauvreau, and a group of professional athlete investors from the Athlete Tech Group ecosystem that includes Thaddeus Young, Patrick Patterson, and Will Fuller. On a mission to understand and optimize human movement … Read more
Each year about 20,000 Canadian businesses file for Scientific Research and Experimental Development (SR&ED) tax credits. The data shows that the number of claimants over the past 3 years has been relatively stable. That said, one telling measure of Canada’s ability to promote innovation and nurture new businesses is the number of new SR&ED claimants … Read more
Reading time: 7 minutes. For any business, losing a customer means losing money. Growing early-stage companies need a steady flow of income to pay for their day-to-day. Beyond that, if your SaaS company is looking for equity funding or debt financing, you’ll also need to show strong customer acquisition and retention numbers to entice investors … Read more
Reading time: 4 minutes. Hearing what leaders in Canada say about encouraging research and development, we should all think that Canada’s digital economy is rocketing along. Sadly, statistics on the number of SR&ED claims tell another story. The numbers show that the largest tax incentive program for R&D continues to decrease in popularity. In fact, … Read more
Reading time: 3 minutes If you run a SaaS company, there is probably a lot on your mind. From keeping your clients happy (and just keeping them) to paving your way to profitability, one major concern is customer acquisition. With the cost of digital ads significantly going up over the past few years and the … Read more
Reading Time: 14 minutes If you’re a SaaS startup, chances are you’ve got an entire list of metrics or KPIs your team is watching. These help you gauge how well you’re doing and can help you assess if your company is growing – and how fast. If you’re a savvy startup, one of the most … Read more
Reading time: 3 Minutes Since 2015, the number of SR&ED claimant reviews conducted by the Canada Revenue Agency (CRA) has dropped by 22.2%, from 4,369 reviews in 2015 to 3,400 in 2018. The reviews are both technical and financial; they are conducted by a Research and Technology Advisor and/or Financial Reviewer from the CRA. Quebec … Read more