quebec-hearing-device-manufacturer-201806
Project Description:
Amount Funded: $500,000
Amount Funded: $500K - $1M
Industry: Manufacturing
Province: Quebec
Type of Facility: SR&ED Financing
Days to Fund: 21
Use of Funds: This company has long-term contracts with automotive and other customers. Typically, a significant R&D investment is needed to design and manufacture the solution. It can take 6 to 12 months of engineering and up to 2 years before the delivery of the first part. This is a perfect example of effectively using financing for a manufacturer with a large contract in hand that requires a significant upfront investment.
Company Background: This company creates modern ear and hearing protection devices to protect the hearing of users. This company has been creating some of the most innovative new hearing products since 1987.
