quebec-navigation-software-developer-201801
Project Description:
Amount Funded: $100,000
Amount Funded: $100K - $250K
Industry: Software Development
Province: Quebec
Type of Facility: SR&ED Financing
Days to Fund: 19
Use of Funds: This company has a seasonal business. Consequently, there are times of the year when there is little revenue, but cash is needed to build inventory and other times where there is significant revenue. The SR&ED financing loan allowed this company to continue to invest in its R&D and build inventory for multiple new distributions and sales channels.
Company Background: This company created a device that makes bike navigation easy, including adding lighting to be seen, an alarm, and a fitness tracker wrapped in one package.
