Business Development Bank of Canada (BDC) Intellectual Property-Backed Financing
Description:
The Intellectual Property-Backed Financing solution is a $160M fund that provides customized, patient capital in the form of debt, quasi-equity and equity to scaling Canadian companies in knowledge-based industries.
Comments on Funding:
Funding is in the form of debt, quasi-equity and equity and starts at $100,000. The lending terms are flexible and the convertible notes are changed to minority equity investments so that the applicant maintains control of his/her business.
Eligibility:
Applicants must:
Applications Steps:
Applicants must:
Other Things to Note:
Typically, firms involved in pharmaceuticals, health biotech, new materials, telecommunications, information technology, software, medical equipment and avionics are considered to be in the knowledge-based industries. They have long product development cycles and their comparative advantage usually comes from innovative and creative people who make up the development team.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline