Government departments and agencies provide financing such as grants, contributions, subsidies, and loan guarantees. Various types of government grants or financing might be available for your business.
Now is the time to utilize government grants
In the past, government grants or other direct government funding for business has not been heavily prioritized, and so businesses have had to rely on reimbursement from corporate tax programs to boost their innovation and productivity (the Scientific Research & Experimental Development tax incentive program, for example). However, new emphasis is now being placed on the importance of government grants to stimulate business growth and competitiveness. Canadian companies now have access to potential funding of $10,000 – $1,000,000 per year for a wide array of business development activities and industry-specific innovation projects. Government grants can reduce the upfront costs of these projects by up to 50% or more.
Getting assistance to secure government grants is a “no-brainer”!
Based on our feedback, many entrepreneurs and small business owners aren’t even aware that government grants could be available for their business. Furthermore, almost all business stakeholders don’t have the time or resources to pursue and apply for such government grants. This is unfortunate, as some of your company’s investment requirements could be funded by a source of capital at no cost to you as the business owner or shareholder. RAK Advisory has recognized this under-utilized opportunity and could help you secure this very attractive source of capital, while your management team focuses their time and resources on building your business.
Engaging RAK Advisory to secure any number of government grants is a low-risk proposition for your business, as payment for our services is success-based. In other words, we don’t get paid unless we secure government grants for you. Initially, we will need to get up-to-speed on your business and objectives to determine which funding you will be eligible for. However, our goal is to limit management time so that you can focus on your business while we run with the application process. As a business owner you really have only to gain – engage RAK Advisory to secure government grants for you!