Entries from February 2008
The 2008 Federal Budget, announced this week by the minority Conservative Government, ear-marked millions of dollars in programs that may be of interest to Angels.
Selected excerpts from the budget comments that are of interest:
“EDC (Export Development Canada) will enhance its existing Export Guarantee Program by increasing the guarantee coverage from 75 to 90 per cent for loans up to $500,000. In addition, EDC is working closely with Canadian financial institutions to strengthen its financial guarantees by enhancing the coverage available for larger transactions. These enhancements to EDC’s guarantee programs are particularly important to the automotive sector, where EDC has over 400 clients.”
“Innovative businesses play a crucial role in translating knowledge into world-leading products and services, opening new markets and creating high-value jobs for Canadians. Budget 2008 sets aside $75 million for the Business Development Bank of Canada to support the creation of a new privately run venture capital fund.”
“Canada’s Entrepreneurial Advantage is about putting in place the conditions for our businesses and entrepreneurs to invest and thrive at home and abroad. This means creating a competitive business environment that supports innovation, rewards success, and reduces unnecessary regulations and red tape that frustrate business initiative.”
“In Budget 2007 and in its science and technology strategy, Mobilizing Science and Technology to Canada’s Advantage, the Government committed to improve the SR&ED tax incentive program, including its administration, in a cost-effective manner. To that end, consultations were undertaken on how to make the SR&ED tax incentives more effective for Canadian businesses.”
“Budget 2008 proposes to increase the expenditure limit from $2 million to $3 million and to increase the upper limit for the taxable capital phase-out range from $15 million to $50 million. The upper limit of the taxable income phase-out range will also be increased, from $600,000 to $700,000. Increasing these limits will encourage small CCPCs to grow.”
Now if they would only announced the Innovation Productivity Tax Credit…
Categories: General NACO
Tagged: budget, Business Development Bank of Canada, Export Development Canada, IPTC
Sustainable Development Technology Canada Announces Latest Call for Clean Technology Funding Applications
Ottawa, Ontario, February 27, 2008 – Sustainable Development Technology Canada (SDTC) announced today that its SD Tech Fund™ is open for Statements of Interest (SOI) for its thirteenth round of funding. The closing date for submissions is April 23, 2008.
To find out more about this program and how SDTC may be able to help complement investments you have made or are thinking of making, please click here to learn more.
To learn how to build a winning SDTC application, click here.
Categories: NACO News
Tagged: clean, cleantech, green technology, investment, SDTC, sustainable
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A wonderful article by Austin Hill, Montreal-based entrepreneur and Angel investor. More to come on this article later today!
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It seems that angels are not quite as gloomy as their VC cousins.
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“One dream would be that we eventually come together in some form like a Y-Combinator or Techstars group to be able to make more happen. Many of us have been talking about this as angel investors and entrepreneurs but have not landed on the right thing ye
Categories: General NACO
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How do angel investors develop effective communications with the entrepreneur before and after an investment decision is made?
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Like sugar with the medicine, the path to attracting and keeping active and engaged angel group members is by making their angel group experience valuable and fun. Sometimes the fun comes first.
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From Seattle to Fargo to New York City, angel groups across the US are finding that involving students is a great way to help grow the entrepreneurial ecosystem and to get real work accomplished at the same time.
Categories: General NACO
Please see below for a great event being held in Vancouver by the Fusion Digital Media Venture Forum. Many of the companies presenting also received investor-readiness training from non-other than the NAO’s W. Daniel Mothersill. This is a great event for Angels looking to invest in new media companies and entertainment projects:
New Media BC, organizers of the Fusion Digital Media Venture Forum, invite you to attend Fusion 2008 taking place February 20 and 21st in Vancouver, BC, Canada.
The Fusion Digital Media Venture Forum will showcase approximately 22 early and growth stage companies focused on the production of video games, online communities, digital entertainment such as multi-platform animation, film and music properties, mobile content and applications and eLearning (serious games/training simulation).
We value your attendance and wish to extend a special rate of $280 (regular $450) for angel investors to attend this years forum. The special rate is equal to the New Media BC member early bird rate which has long since expired.
We trust you will agree that this is a premium opportunity to source new deals, promote your firm and network with your peers in a first class venue.
To register for this special offer please contact Phil or Kelly directly to process your registration.
New Media BC offices (604) 739-9878
www.thefusionforum.com
Adam Gooch | COMMUNICATIONS MANAGER | NEW MEDIA BC
102-577 Great Northern Way, Vancouver, BC V5T 1E1 | P. 604-739-9878 ext 104 | F. 604-739-9819 | www.newmediabc.com
What NMBC is doing today:
World Centre for Digital Media | OpportunityAlert.ca | MobileMuse.ca
Meet me at:
VIDFEST | THE FUSION FORUM – February 20-21 2008 | NMBC EVENTS
Categories: NACO Events
Tagged: BC, entertainment, fusion, mothersill, new media, vancouver
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An insightful discussion of business models and the failure of venture-backed companies. “Most venture backed investments fail because the venture capital is used to scale the business before the correct business plan is discovered. That scale/burn rate b
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Regardless of whether you have taken venture capital or not, capital efficiency and bootstrapping are critical values. You must keep your burn rate low until you can show without a shadow of a doubt that you have a business model that works, can be operat
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At MSU we regard Angels and Entrepreneurs as the “twin engines” of start-up as both aide in getting a business of the ground. It was therefore encouraging for Quebec entrepreneurs to hear about the recent launch of Quebec’ latest angel investor network,
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How do VCs value companies? – “Valuation guidelines are used by the private equity and venture capital industry for valuing private equity investments and provide a framework for fund managers and investors to monitor the value of existing investments. Th
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Andrew Wilkes speaks on the panel, “VIEWS ON VALUATION” tomorrow where he will discuss the macro environment impacting company valuations. as well as recent data and trends related to company valuations in Canada.
Categories: General NACO
On January 18th, 2008, the first ever Toronto Founders and Funders Dinner was held, an event modeled after that put on by Austin Hill and Patrick Lauzon. in Montreal on November 29th, 2007.
By all measures this event, coordinated by David Crow and Jevon MacDonald, was a resounding success, with no less than 75 people in attendance and a waiting list in excess of 50 people.
The goal of this event was to help Canadian entrepreneurs:
* Meet each other;
* Meet potential funders: Angel, VC or other money sources;
* Have fun!; and
* Create the next big successful Canadian company.
With an even mix of founders and funders the networking, discussion, and collaboration was invigorating. Setting the tone at dinner, questions such as “Do Canadian universities inspire and support entrepreneurship?” and “Do Angel Investors and Venture Capitalists get enough recognition for the deals they do in Canada?” were posed. The latter I will address by saying no. Both Angel investing as an industry and the investments Angels make need to be recognized and publicized more, which is actually one of the reasons this blog was started; to celebrate both our successes and share our lessons learned.
Overall, this event is a good first step to developing a better Funder-Founder relationship and stronger entrepreneurial community in the GTA. I look forward to the next one!
Categories: NACO News
Tagged: entrepreneur, founders, funders, toronto
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A very good post on being an Angel, by an Angel. This article profiles a number of Angels and provides some excellent advice for Angels.
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Silicon Valley Venture Capitalist Confidence Index
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Categories: General NACO
We want your feedback!
With Co-Investment Summits, Angel Investment Showcases, Angel group development programs, and our 2008 National Angel Summit rapidly approaching, we wanted to engage all of our members and stakeholders in developing our services and products for the coming months.
We have prepared a short, 10-question survey pertaining to your involvement with the NAO. This will help us in our mission to increase the quantity, quality, and success of Angel investments in Canada, thus creating a greater pool of capital for high-potential start-up companies.
As an incentive to complete the survey, a draw will be held on Feb. 22 for a free delegate pass to the 2008 National Angel Summit (a $1000 value) on Oct. 16th and 17th in Halifax.
Thank you, in advance, for your input on our future programming. We look forward to seeing you in the near future at one of the many upcoming NAO events!
Sincerely,
W. Daniel Mothersill
President
National Angel Organization
Categories: NACO Events · NACO News
Tagged: 2008 National Angel Summit, Halifax, Survey
