Venbridge is the leader in venture debt and SR&ED (Scientific Research & Experimental Development) Financing.
Our competitive rates, automated systems, and cash in your account in as little as 2 days gives you the confidence that you can grow your business. Our experts can help structure your financing so you can accelerate the growth of your business.
Venture Debt
Which industries qualify for venture debt financing
Check the list below for typical activities that qualify for government tax credits or grants. Chances are, if you have employees doing research and development, digital media production, software coding, or developing new technology, Venbridge can provide you with a credit facility. Whether you’re building equipment for the oil sands in Alberta, developing CRM systems in Ontario, building a social media platform in British Columbia, or investing in a transportation system in Quebec, Venbridge has venture debt financing solution to meet your needs.
Leverage the best incentive programs via SR&ED financing
The best programs are the ones that will achieve your business objectives and maximize your operating cash flow while reducing risk. There are many programs available and it is best to start with the largest and easiest to access programs. For instance, SR&ED is the single largest tax incentive program in Canada. Most of the time companies undertaking R&D qualify for the SR&ED program. Venbridge’s SR&ED financing program can get you the cash you need now, so you can grow your business.
Succeed in claiming your tax incentives
To effectively present your case for your tax incentive it is critical to understand what parameters are important to the government and the CRA and how to effectively articulate your project so that you qualify for the program. Almost all government programs require that you document your work effort and the time and/or money spent. This can be simple for structured experiments, capital acquisitions, and trade shows but can be much more complicated for SR&ED activities.
The key to a successful SR&ED claim is to determine how much time is spent on eligible activities and to be able to have evidence to support it since, unlike many other government incentive programs that focus on the results, SR&ED focuses on the effort made to advance technology. With all government incentives, having a systematic approach which complies with the program terms will maximize your refund or grant. Being organized and having a plan will help you have proper record keeping and a plan demonstrates maturity and efficiency. The easier you make it for the CRA or the granting organization, the more likely you are to maximize your returns and minimize the cost of compliance
Growth capital for your business
Instead of, or complementing equity, venture debt has many advantages. Our clients tell us that the cost of venture debt is lower than the cost of equity, they like retaining more ownership of their company, the effort to fundraise is lower and the time to receive the funds is quicker. The faster your business is growing, the more sense venture debt makes.
Information & Communication Technology
Activities that can qualify for SR&ED financing, SaaS financing or venture debt
Application development, software tools, embedded systems, cross-platform development, big data, cloud
Computing platforms, cellular hardware, embedded systems development, networking components, device development
Consumer products (ie. timing & control systems, music processing), computer products (ie. BIOS development, startup firmware), routers & firewalls, NAS systems, any other electronic device with controls
Distributed application architecture, database design, operating system development, remote procedure call design, portals
Embedded systems, browser development, software frameworks, cloud computing, platform as a service, virtualization
Mobile user interface (specific constraints, contexts, screen, input, and mobility requirements), data routing, authorization & security, mobile application server development, mobile backend development
User account access controls, cryptography, firewall development, intrusion detection systems
Manufacturing
Activities qualify for SR&ED and grant financing
Fibre processing, paper development, papermaking processes, tree biotechnology, ink development, screening technologies
Fuel economy & emissions, safety engineering, paint engineering, vehicle dynamics, NVH engineering, performance, assembly & shop floor engineering, electronics, mechanical engineering, materials engineering, software development
Systems design, fluid dynamics, propulsion design, guidance and control robotics, electronics engineering, materials engineering, avionics & software development
Food, Beverage & Agriculture
Activities qualify for SR&ED and grant financing
Food chemistry (flavor, pigments and nutraceuticals), microbiology & biotechnology, food engineering & processing technologies, seafood processing, sensory evaluation & research, nutrition
Developing complex theoretical models, automating manual processes, developing reporting functionalities, integrating software systems, big data solutions
Chemicals, Plastics & Rubber
Activities qualify for SR&ED and grant financing
Battery science, synthetic chemistry, agriculture and food chemistry, nanotechnology, polymer chemistry, inorganic chemistry, climate changes, molecular synthesis and design, energy & fuel, biochemistry, forensics, paint, pigments, and coatings, astrochemistry, cheminformatics, geochemistry, nanochemistry, nuclear, textiles, dyes, pigments and inks
Recycling, extrusion, polymers, injection molding, mold making & tooling, mold automation
Polyester urethane, styrene, polyacrylic, silicone, nitrile
Any research into chemical compounds or practical applications using chemicals, plastics or rubber that are not common to your industry
Life Sciences & Pharma
Activities qualify for SR&ED and grant financing
Biochemistry, bioengineering, biomechanics, biophysics, botany, cell biology, ecology, genetics, hematology, marine biology, molecular biology, neurobiology
Anesthesiology, cardiology, dermatology, endocrinology, gastroenterology, geriatrics, gynecology, hematology, hepatology, infectious disease neurology, nephrology, oncology, ophthalmology, otolaryngology, pathology, pediatrics, pharmacology, pulmonology, psychiatry, radiology, rheumatology, urology, veterinary medicine
Pharmacology, toxicology, pathology
Genomics, neuroscience, biocomputers, biodynamics, biomaterials, biomedicine, cognitive neuroscience, environmental science, food science, genomics, kinesiology, medical imaging, optometry, sports science
Banking & Insurance
Activities qualify for SR&ED and grant financing
Payment solutions, app development, robo-advisors, insurtech, blockchain, cryptocurrencies
Applications Development, Systems Development, Web Development, Embedded Systems Development, Scientific Development, Test Automation
Application infrastructure middleware, message oriented middleware, object middleware, remote procedure call middleware, database middleware, transaction middleware, portals, embedded middleware, content-centric middleware
Cloud computing, embedded systems, software frameworks, virtualization, mobile platforms, platform as a service development
Developing complex theoretical models, automating manual processes, developing reporting functionalities, integrating software systems, big data solutions
Energy & Natural Resources
Activities qualify for SR&ED and grant financing
Software development, distribution efficiency, turbine development, emission reduction, quality improvement, transmission
Turbines, power storage, batteries, converters, silicon research, generators, photovoltaic research, solar concentration technology
Oil and gas technology, processing equipment, material science, software development, water treatment, separation technologies, drilling and pumping technologies, remote sensing, fluids & lubricants (demulsifiers, fracking and drilling fluids)
Media & Gaming
Activities qualify for SR&ED, digital media and grant financing
Game developers typically qualify for SR&ED and digital media tax credits in addition to grants. Each province has different criteria for game development
Virtual reality, augmented reality, video games, educational software, entertainment products (in some provinces), simulators
Designing, modelling, rendering, lighting, painting, animating, compositing
Developing complex theoretical models, automating manual processes, developing reporting functionalities, integrating software systems, big data solutions
TV shows (except news, talk shows, game shows, award shows, reality TV)
Other Industries
Activities qualify for tax credit, SaaS and grant financing
Payment solutions, app development, robo-advisors, insurtech, blockchain, cryptocurrencies
Applications development, systems development, web development, embedded systems development, scientific development, test automation
Application infrastructure middleware, message oriented middleware, object middleware, remote procedure call middleware, database middleware, transaction middleware, portals, embedded middleware, content-centric middleware
Cloud computing, embedded systems, software frameworks, virtualization, mobile platforms, platform as a service development
Developing complex theoretical models, automating manual processes, developing reporting functionalities, integrating software systems, big data solutions