At the beginning of 2025, Roseview Global Incubator, in partnership with KPMG, hosted an exclusive online seminar focused on how businesses can secure financial support. Led by Roseview partner Mike Dearden, the session provided valuable insights into government funding programs, with speakers sharing their experiences on navigating the funding landscape and maximizing available financial resources.
With decades of experience in the complex landscape of government funding and support programs, KPMG shared valuable insights with listeners on how they guide and assist companies in securing financial support. These programs serve as a critical component of any successful entrepreneurial journey, especially for those aiming to expand internationally.
While Roseview clients succeed as a result of their unique ideas and ambitions, securing sufficient funding remains one of the biggest challenges of the international entrepreneurial journey. This informative conversation with KPMG provided listeners with essential knowledge and guidance, empowering them to access the available tools they need to thrive on the global stage.
Missed the conversation and looking to learn more?
Here’s what need to know:
The Scientific Research and Experimental Development (SR&ED) program was a focal point of the seminar, and for good reason. As Canada’s largest tax incentives program for research and development (R&D) funding, SR&ED provides businesses significant financial support to drive innovation, benefitting large enterprises, small businesses and startups alike.
Learning more about SR&ED
In essence, SR&ED offers both refundable and non-refundable tax credits to Canadian businesses conducting scientific research and experimental development in the fields of science and technology. This could be anything from a biotech startup, focusing on developing new treatments for rare diseases, to a clean energy company centred on innovative renewable energy technologies. Funding for research and development is supported through the allocation of tax credits provided by both provincial and federal governments.
Due to the expensive nature of R&D, the program is designed to offset some of the costs associated with developing new technologies, processes or products. By covering eligible salaries, materials and contracts, SR&ED provides businesses with a tax benefit of 66 cents back for every dollar on qualifying research and development activities. With more than 18,000 claims filed annually, the program supports a wide range of industries, including manufacturing, technology, healthcare and more.
Throughout the seminar, attendees were guided through the eligibility criteria for multiple government funding programs. Some of the key funding categories include:
- Innovation Development: This program encourages companies to advance new technologies, this facet offers 80% funding on up to $10M
- Capital Growth: Helping businesses expand their infrastructure and increase their capacity, offering 50% funding up to $10M
- Workforce Enhancement: Promoting a skilled workforce, this program provides 50% funding per hire, up to $20K
- Market Expansion: Aiding in entering new markets or growing customer base, offering 50% funding, up to $50K
- Environmental Sustainability: For businesses implementing sustainable practices, providing 50% of funding unlimited
