Financing Description

Location: British Columbia
Amount Financed: >$500,000
Type of Facility: SR&ED and BCIMDTC
Days to Fund: 21

Use of Funds: After a successful proof of concept, the company realized that there was a need for a significant marketing expenditure to launch the product.  While looking to raise money, the company wanted to negotiate from a position of strength and have sufficient runway to get to the public launch.

Gaming Company financed with SR&ED loan

Company Background: This company raises the bar for online gaming by combining live streaming with augmented reality to provide authentic gaming experiences from home.