BC Ideas Exchange webinars are an interactive place to share economic development knowledge, successful practices, tools and resources. The webinars are hosted through GoToWebinar and include a live presentation and an opportunity for people to ask questions.
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B.C.’s Venture Capital Tax Credit Program – Helping Small Businesses Raise Investment Capital
Thursday, August 20, 10 am - 11 am PST
B.C.’s Venture Capital Tax Credit program helps small businesses raise capital by providing investors with a 30% tax credit on the value of their investment. Businesses registered in the program have a range of activities, including: manufacturing and processing; research and development of proprietary technology; destination tourism; interactive digital media; clean technology, and advanced commercialization. The way the program works:
- Businesses must meet qualifying criteria and be registered with the Ministry of Jobs, Economic Development and Competitiveness.
- Once registered, businesses can sell shares to B.C. resident investors – usually accredited investors or friends, family and business associates - who are then eligible to receive a 30% tax credit on their investment.
Join a webinar that explains how the Venture Capital Tax Credit program works. You’ll learn about eligibility requirements and how businesses can register, and you’ll hear from Vancouver Island-based Cascadia Seaweed Corp – that has successfully raised over $400,000 under the program, and is planning another round of financing to help expand its operations.
In 2019 the program helped over 230 B.C. businesses raise over $115 million in investment, and the Province issued $34.5 million in tax credits to investors.
Creating Value with Intellectual Property: Learn the Basics and Benefits of Intellectual Assets
Tuesday, September 29, 10 am - 11 am PST
In today’s knowledge-based economy, intellectual property (IP) rights play an important role in the growth and innovation potential of businesses. It’s important that communities and economic development professionals understand what IP is, and how they can help support organizations in their area to protect intellectual assets like their inventions, new technologies and brands, original software, novel designs, unique processes, and much more.
Join us to hear from the Provincial and Federal Governments on what you need to know to support businesses and entrepreneurs in your community. You’ll learn the basics of IP including how it can support economic development and what Federal and Provincial tools and resources available for businesses to make the best of their IP. You’ll also hear real stories of how business in B.C. are benefitting from protecting their intellectual assets and ways you can help keep made-in-B.C. intellectual property in B.C.
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