Most recent edit on 2009-09-03 23:34:26 by GaryWill

Deletions:
RESUME HELP∞

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Edited on 2009-09-03 21:40:14 by NicoleSmithen

Additions:
RESUME HELP∞

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Edited on 2009-04-05 07:41:19 by GaryWill

Deletions:
Exactly what qualifies isn't well-defined and has evolved over the life of the program. A general guideline seems to be that you need to be able to define a specific project with a beginning and end and a set of deliverables and it must require someone with specific domain expertise that an executive-in-residence is unlikely to have.
Companies in Waterloo Region have received funding for:

• IP strategy consulting (For example, one company got funding to hire someone to tell them how to improve the scalability of their software. He couldn't actually make the changes to make it more scalable, but he could tell them what they needed to do.)
• Primary market research (including focus groups).
• Secondary market research (research reports) not available through BMEP market intelligence.

For a while, patent work was considered eligible, but that is no longer the case. Definitely not qualifying are projects around developing market strategy and business plans and general management consulting. EIRs are supposed to help with those activities, even though they would never be able to devote the time that a paid consultant could (and the BMEP program only pays for 10 days a month of EIR time, which doesn't come close to covering the time that would be required to do this work for even the most promising companies in the area).

Contact

Gary Will, gary@communitech.ca∞
or any Communitech EIR

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Edited on 2008-09-30 16:34:56 by GaryWill

Additions:
- Secondary market research (research reports) not available through BMEP market intelligence.

Deletions:
- Secondary market research (research reports) not available through Market Intelligence.

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Edited on 2008-09-30 16:34:27 by GaryWill

Additions:
Exactly what qualifies isn't well-defined and has evolved over the life of the program. A general guideline seems to be that you need to be able to define a specific project with a beginning and end and a set of deliverables and it must require someone with specific domain expertise that an executive-in-residence is unlikely to have.
Companies in Waterloo Region have received funding for:

• IP strategy consulting (For example, one company got funding to hire someone to tell them how to improve the scalability of their software. He couldn't actually make the changes to make it more scalable, but he could tell them what they needed to do.)
• Primary market research (including focus groups).
• Secondary market research (research reports) not available through Market Intelligence.

For a while, patent work was considered eligible, but that is no longer the case. Definitely not qualifying are projects around developing market strategy and business plans and general management consulting. EIRs are supposed to help with those activities, even though they would never be able to devote the time that a paid consultant could (and the BMEP program only pays for 10 days a month of EIR time, which doesn't come close to covering the time that would be required to do this work for even the most promising companies in the area).

Deletions:
From the program managers:
BMEP Business Advisory Funding should be used for a specific activity or project rather than general project or business development planning

Examples of services that would be eligible for funding:
- Intellectual Property Protection
- Contracts or Licensing Expertise
- Product Certifications
- 3rd-Party Validation and Testing
- Specialized Research
- Targeted Market Intelligence / Primary Market Research

Examples of services that would not be eligible:
- Business Plans
- Marketing Plans
- General Business Mentorship
- Management Consultation
- Investor Matchmaking / Fundraising

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Edited on 2008-09-24 14:35:08 by GaryWill

Additions:
Companies can receive up to $10,000 in funding per 12-month period to pay for advisors to help move an idea or technology closer to the market. Communitech is the local agent for the program, which is managed by MaRS and OCE with money from the Ontario Ministry of Research and Innovation.

Deletions:
Companies can receive up to $10,000 in funding per 12-month period to pay for advisors to help move an idea or technology closer to the market. Communitech is the local agent for the program, which is managed by MaRS and OCE with money from the Ontario Ministry of Research and Innovation.

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Edited on 2008-09-24 14:33:29 by GaryWill

Additions:

Contact

Gary Will, gary@communitech.ca∞
or any Communitech EIR

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Edited on 2008-09-24 14:32:28 by GaryWill

Deletions:
Project deliverables should be the direct result of a specific project or activity

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Oldest known version of this page was edited on 2008-09-24 14:32:03 by GaryWill []

BMEP Business Advisory Funding

Companies can receive up to $10,000 in funding per 12-month period to pay for advisors to help move an idea or technology closer to the market. Communitech is the local agent for the program, which is managed by MaRS and OCE with money from the Ontario Ministry of Research and Innovation.

The goal of the program is to provide funding only for the most promising companies with projects that will have a significant impact on their business.

From the program managers:

BMEP Business Advisory Funding should be used for a specific activity or project rather than general project or business development planning

Project deliverables should be the direct result of a specific project or activity

Examples of services that would be eligible for funding:
- Intellectual Property Protection
- Contracts or Licensing Expertise
- Product Certifications
- 3rd-Party Validation and Testing
- Specialized Research
- Targeted Market Intelligence / Primary Market Research

Examples of services that would not be eligible:
- Business Plans
- Marketing Plans
- General Business Mentorship
- Management Consultation
- Investor Matchmaking / Fundraising