A nonnon-profit forum supporting innovative business
February 24, 2015
83rd Members’ Seminar
Also …
NO cameras or recordings allowed,
except with pre-arranged permission.
X
X
Legal Disclaimer
Disclaimer: the views and opinions expressed on various
topics by Members or Speakers at the seminars, are not
necessarily the views and opinions of Innovation
Initiative Co-operative Inc. or its Management.
Our Co-op Executive Board has also
resolved that during our public meetings,
we will avoid subject matter on religion,
politics and conspiracy theories.
© Innovation Initiative Co-operative
Commemoration Speech at MUM
Maharishi University of Management
– Fairfield, Iowa, USA
Jim Carrey
www.youtube.com/watch?v=V80-gPkpH6M
© Innovation Initiative Co-operative
Welcome by…
Bob Huybrechts
Founder and Chairman
Business Development Committee
of
© Innovation Initiative Co-operative
© Innovation Initiative Co-operative
Agenda
Introductions & Announcements
MAIN SPEAKERS: Annette Kalbhenn and
Tim Deutschmann
How to Explore and Develop your Invention!
SECOND SPEAKER:
SPEAKER: Amanda Russell
Grants & Subsidies
If Time Allows: Needs & Offers
Next meeting and Conclusions
© Innovation Initiative Co-operative
Afterwards…
For those who can stay later
and want to meet socially…
we can continue our
conversations downstairs!
© Innovation Initiative Co-operative
Theme:
LOVE
Meaning: cherish, desire, praise, affection
Etymology: - Old English ‘lufu’ ~ mid-13c
- from Old German ‘Liebe’, Dutch ‘lof’
Antonym: hate
© Innovation Initiative Co-operative
www.youtube.com/watch?v=NLB_u695wTg
Aphrodite
the Greek Goddess
of love, beauty
and pleasure…
© Innovation Initiative Co-operative
Venus ~ The Roman Goddess of Love
‘The Birth of Venus’ by Sandro Botticelli c. 1485–1486
© Innovation Initiative Co-operative
© Innovation Initiative Co-operative
Modern God of Physics in Zero Gravity
© Innovation Initiative Co-operative
Is there a God of Invention?
© Innovation Initiative Co-operative
Minerva
The Roman Goddess of
Wisdom and Learning
They regarded her
as the ‘inventress’
of arts and sciences…
© Innovation Initiative Co-operative
Minerva is often
depicted with an owl
Patron of poetry,
music, magic,
science and medicine
Also a symbolic warrior,
as she fights against
the darkness of
ignorance!
© Innovation Initiative Co-operative
© Innovation Initiative Co-operative
Flow™ Hive –
"It's Literally Honey on Tap
Directly From Your Beehive!"
www.facebook.com/video.php?v=706362242795343&fref=nf
www.facebook.com/video.php?v=706362242795343&fref=n
On Kickstarter
since yesterday…
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© Innovation Initiative Co-operative
Announcements
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Co-op Invitations
We have committed to
upgrading to Constant Contact
Notice: for those people who are receiving
invitations from more than one list …
Please, understand that if you ‘unsubscribe’
from one list, your name is automatically
deleted from all our lists!
© Innovation Initiative Co-operative
Focus on Canadian Innovators
February 2015- Volume 3, Edition 2
Innovation Initiative Co-op news magazine!!
IC Newsletter February, 2015
Find the current link on our ‘Home Page’
and under the ‘Inventing News’ tab
Submit your suggestions to: [email protected]
© Innovation Initiative Co-operative
Follow us on:
@inventorscircle
search for
'inventors circle' page
Rob Nelson has done lots of work…
© Innovation Initiative Co-operative
Inventors CircleYORK
Next Seminar in Newmarket will be on:
Thursday, February 26, 2015, 7:00 pm
Create IT – 776 Davis Drive, Newmarket
Speakers: Jim
Comerford
Replenishing Care
Rabia Piracha
‘The eqXchange’
Expo 1958
Address: 4141 Yonge St., North York - Suite 202
Wednesday, March 4, 2015 - 5:30 pm – 8:30 pm
"Accessing Angel Capital in Canada"
with special guest speaker, Gerard Buckley,
Chairman of Maple Leaf Angels,
one of the largest Angel groups in Canada.
$25 to Non-Chamber Members
Tickets include 1 drink & light Food,
Cash Bar available.
Registration or call 416-409-7052
© Innovation Initiative Co-operative
Call for Medical Inventions!!
Since our affiliation with
Southlake Regional Hospital
we are searching for
more medical or
health-related inventions…
Our IC York Seminars take place
in Newmarket, in a building owned
by the hospital.
For more info, contact [email protected]
© Innovation Initiative Co-operative
TeslaMania
April 17 – 19, 2015
Toronto Convention Centre
… in tandem with “The
Total Health Show”
The Healing Machines
of Nikola Tesla
Visit: www.teslamania.tv
Bob Connolly [email protected] 416-521-7462
© Innovation Initiative Co-operative
All Tesla Mags are now available at Chapters / Indigo
© Innovation Initiative Co-operative
Reminder
Sam Gold
Sell the exclusive rights to your invention for
a foreign country or area and create cashflow…
www.rightsexclusive.com
Contact: Sam Gold at 416-785-4422
© Innovation Initiative Co-operative
© Innovation Initiative Co-operative
Tough Love….
© Innovation Initiative Co-operative
Main Presentation
Annette Kalbhenn and
Tim Deutschmann
How to Explore and Develop your Invention!
As one of the first companies in Canada to offer 3D printing, Tim and Annette have spoken
with thousands of inventors. After learning about their struggles, they created the Inventor’s
Action Program (IAP): a step-by-step inventor’s self-help kit, able to offer expert knowledge
and experience on product development, mechanical design, manufacturing, sales,
promotions, graphic design, advertising, and marketing. NO assessing inventions. NO selling
of services. Just pure, unbiased help and answers to questions you didn’t even know you
had!
With their experience of invention development (including 3d printing), they will be sharing
their insight and critical steps inventors should take (and when), in order to get further along
with their invention. Presenters’ info: http://inventionhelpsite.com/pages/idea-prototype
Armonic Innovations Inc. [email protected] 416-894-2800
© Innovation Initiative Co-operative
How to explore and develop your invention
How We Got Here
About Us — Annette Kalbhenn
•
sales and marketing manager for 3D Prototype Design (3D Printing services)
• marketing, advertising, consumer promotions (free movie pass on cereal
boxes)
•
worked with As Seen on TV inventions/inventors as well as personal projects
•
offered air time on Shopping Channel
•
speak with inventors every day looking for help and guidance
About Us — Tim Deutschmann
•
president and founder of 3D Prototype Design (1st 3D Printing company in Canada)
• has worked on well over 20,000 projects (incl. RIM’s Blackberry during initial
launch)
•
mechanical design, pattern making, consulting, foundry and mold design
•
has helped countless innovators bring their idea from concept into physical reality
• works on personal projects, including a revolutionary newly patented form of
manufacturing technology
You have a great idea for an invention — After all, that’s why you’re here!
There are essentially 3 ways to bring your invention to life:
1. Do it yourself (books, internet, social media, networking, trial and error)
2.
Hire a professional or company
3.
Find an option that offers the best of both! (that also saves you money)
There’s a Smarter, Faster Way to Develop Your Invention
•
people are searching for help they can really use to get from idea to store shelf fast
•
most start with a prototype (or legal protection) and contact us looking for help
•
after hearing so many inventor stories we decided to come up with a better solution!
Inventor’s Action Program
•
step-by-step, self-guided inventor’s program taking you through each stage
•
sharing valuable information and facts from industry professionals, without wasting time
•
a stream-lined, do-it-yourself kit to help explore an idea’s potential while saving money
•
National Research Council of Canada refers inventors to our program
The Next 60 Minutes
Although we could easily spend an hour on each point (possibly a day), but we will
hold back and briefly touch on the following:
10 Steps for Invention Development
Research
Protect your idea (for free)
Full Research
Partnerships
Prototyping
Manufacturing and Pricing
Legal Protection
Presenting Your Invention
Marketing and Selling
Money, Financing & Investors
Q & A (time permitting)
1. Research Your Idea (like you want to find it)
•
this step will GAIN you valuable time & save money
•
it’s free to do, is an ideal starting point and is on-going throughout the entire process
•
no matter what stage you’re at now, or if you skipped it — it can still be done
•
if you want to be successful, understanding the reality of your invention, your competition and why your
idea is better is a must
•
whether your idea is brand new or a twist on something already available, you need details
•
even if your idea is similar to something else, it doesn’t necessarily mean game over
(many successful ideas are improvements on existing ideas - 90% of Canadian patents
granted are for improvements to existing patents)
•
this basic research will have influence over every decision you make towards your invention’s success
2. Basic Steps Protecting Your Invention
1.
Limit those you tell your idea to (even though you’re excited)
2.
Share only the must details (there’s a right way and a wrong way)
3.
NDA (Non-Disclosure Agreement - legal agreement to keep your idea private)
-
As is the case with all legal documents, strength is dependant on what is written and how well it’s
executed
-
If an NDA is used to protect YOUR idea, why would you consider modifying someone else’s NDA written
to protect THEIR idea? (or requesting they supply you with an NDA?)
-
Simple details will make all the difference between a strong and weak NDA
-
An NDA can be an easy and economical way to add a layer of protection
(the Program has a digital and customizable NDA, how to fill it out properly)
3. Full Research
• now is the time become an expert on your product (your competition, your customers, safety and
standards, etc.)
•
know your numbers, the basics:
-
how will you make money with your idea? (every invention needs to make money even
not-for-profit)
- expand on your initial research by exploring your potential costs, what it could sell for, and how
much money you could stand to make
-
even if you are planning on selling or licensing your invention, you still need to know this
• what are the advantages and benefits of your invention versus current options (even if there’s
nothing like it)
• once you have gathered these details and more — better informed decisions can be made on
what is best for your invention’s success and what’s next!
What’s the number one cause or reason for relationships to break up?
Answer: MONEY $$$
• studies show that arguments over money not only last longer they also take longer to
recover from
• imagine what kind of impact this statistic can have on a partnership or relationship that is
based on money (especially friends or family)
4. Partnership Agreement
• if you are working on your invention with someone else, that’s a partnership
• even more so with family or friends, it’s important to initially establish a working
relationship or agreement (even if it’s not a legally drafted agreement)
• clarify that you share the same vision, expectations, objectives, roles, who does what, who
owns what, money, and of course the ‘what if?’ questions
• having this conversation early can also help to decide if you would be compatible business
partners
• this step can save you money on legal fees (because you’ve already had the conversation)
(the Program has a partnership questionnaire that can set the tone and can be used if you decide to make it legal)
5. Prototyping (not just 3D Printing)
• note that we have prototyping as the fifth step, as doing the other steps first will save you
time and help stream-line the prototyping process (while saving you money)
• a prototyping is any working model whether made by hand, with 3d printing or digital format
• prototyping is a must if you are interested in using your money wisely, benefits include:
- test your idea to make sure it works
- detect and correct potential design errors in the earliest stages
- work out potential manufacturing costs (this will come in handy later)
- confirm that your idea will work before patenting/legal protection, ensuring all details are
taken care of before you start the costly legal process
- present your idea in a professional manner for sales presentations, trade shows and
investor meetings
- (in some cases) create short runs or small batches for testing, selling, etc.
up next… 3D Printing
5. con’t — 3D Printing Basics
• to quote or build a 3d printed part, a 3D CAD drawing is needed first (research mechanical
engineers and designers for CAD work)
• parts are built layer by layer in solid substance materials such as plastic, resins, rubber and
metal (other components added after)
• what you supply in your 3D computer CAD file is what will be built
• there are different processes that each offer their own benefits and costs – learn what best
suits your requirements
• 3d printing can be an excellent way to prototype your invention (professional looking)
6. Manufacturing and Pricing (knowing your numbers)
• think Dragons’ Den or Sharktank — where do many inventors get stumped? Not knowing
their numbers
• even if you are planning on selling your idea or licensing it, you still need to know this
• it will also help you decide how you want to proceed, how much may be needed when
looking to finance and if you want to take your invention to the next level
• this step helps determine potential costs, sell price, profit, profit margins, etc. In other
words how much money you stand to make (profit calculators included in Program)
• Tip: don’t forget the extras like exporting/importing fees, labor, packaging, shipping,
warehouse of inventory, etc.
• these numbers will help you estimate how much you’d need to sell it for in order to make
the profits you’d like to see
7. Legally Protecting Your Idea
• as is the case with any large financial commitment, steps should be taken before spending money on legal
protection (i.e. research, basic legal protection, provisional patents, etc.)
• not every idea is worthy of legal protection or qualifies (which isn’t necessarily a bad thing)
• once you have an understanding of your legal options including pros and cons, you can decide what is
best for you, your invention and the value in exchange for the money
Smart Reasons To Wait (for now)
1. Stretch Your Dollar – knowing the right time can help you get much further into the
process, leaving you with money up front to design, test and evaluate your invention
2. Modifications to Design – if you change the functionality or design after filing, you might
jeopardize/delay your protection and re-filing may be required. (don’t buy the insurance
before you buy the car)
3. Protection Not Required – after research, testing and exploration you may discover legal
protection is either not applicable or needed on your invention, saving you thousands of
dollars that instead could be put into the development of your idea
8. Presenting Your Invention — Five Key Musts
1. Tell: be able to quickly, clearly and concisely explain your invention within 15 seconds
(perfect for networking)
2. Sell: the value and benefits of your idea specific to the person or company you are
presenting to and why THEY NEED it
3. Deliver: provide back up as to why it is a good opportunity
4. Answer: have answers ready for potential questions that may be thrown your way
5. Follow Up: don’t let it end with just a handshake. Follow up with a phone call to find out
where you stand, answer questions or what else they may need for you to ‘get the order’
A Few Things To Keep In Mind
•
your invention is a business opportunity (not your baby)
•
keep personal details to yourself (personal finances, lost your job, why this has to work, etc.)
•
unfavourable responses or objections (handle them professionally and learn from them)
If people don’t know about your invention, how can they buy it?
9. It’s Time To Sell, Sell, SELL!
• you’ve come this far, now is the time to sell your invention
• test the market and build some sales (assuming you’ve taken all the previous steps)
• conservative approach: produce short run quantities before larger commitments (lower risk)
• aggressive approach: ordering large volumes to sell (higher risk, with surplus of inventory)
Selling Basics:
1. Clearly identify and understand who your customers are (they may not think the same way
you do, stay objective)
2. How will you connect/communicate with your customers? (how will they know your
invention exists and where they can get it)
3. Convince and sell your customers as to why they NEED your invention
10. Money, Financing & Investors
• once you know your numbers, break down your costs into stages, how much will you need
and when. This step can get you much further in the process while lowering investment risks
• make a financial agreement with yourself (now, before you get too involved so you can keep
true to your original commitment)
• where will you get the money? (there is no secret answer to this)
- your own resources – savings, credit, family, friends (treat friends and family as you would the
bank or any other investor)
- bank loan – it’s a loan that you must pay back, not an investment (the Program addresses what
banks/investors are looking for)
- investors – in additional to wanting their original investment back in a reasonable amount of
time, they will also want the opportunity to profit as they are taking the risk
- crowd funding (kickstarter/indigogo) people around the world can ‘donate’ money to help you
bring your invention to life
- government assistance – grants, rebates, tax breaks/credit or loans (such as SR&ED)
Summary
• there’s so much more to developing an invention that can’t possibly be covered in an hour
• that’s why we developed the Inventor’s Action Program
- step-by-step inventor’s kit
- providing valuable expert information and tools
- all in one source
• created over a 5 year period, utilizing our experience as well as industry professionals
• get your idea to market faster, more successfully and save money doing it
• if you’ve hit roadblocks, this program will help you
• not selling you services or products — we never know what your idea is
• our goal is not only to help great ideas gain success faster, but also do it for less
• we want you to succeed
“I’ve sold millions of my As Seen On TV TableMate™
on TV, in stores and on-line and wish this program
was available when I first started. This resource
would have undoubtedly allowed me to bring
my product to market much, much earlier!
If you have an idea for an invention, then you need
to get your hands on this kit, now!”
— Doug Soper, TableMate Inventor and Innovator
of New Consumer Products
download our
FREE eBook at
inventionhelpsite.com
Inventors Circle Attendees Save $200!
IAP Full Program now $199
www.inventionhelpsite.com
use code:
INVENTCIRCLE
I Love Organic,
so “9” is fine…
but “8” I hate!
PLU = Product Look Up Code
Past Events
© Innovation Initiative Co-operative
Inventors CircleYORK
Last Seminar in Newmarket was on:
Thursday, January 29, 2015, 7:00 pm
Create IT – 776 Davis Drive, Newmarket
Speaker: Alexi
Bracey
Cancer Prevention is an Inside Job!
Tuesday, February 3, 2015
Ontario Science Centre, Toronto
7:30 am - 6:30 pm
More than a business card exchange…
this is an Interactive, Experiential Networking
Conference Event where you'll find potential clients and
partners!
We had a booth there!
Lots of great connections…
© Innovation Initiative Co-operative
Inventions wanted for a
New Crowdfunding TV Show
on a Major Canadian Network
The producer is on a nationwide search for innovative products that are at the prototype stage,
or perhaps have had a production run but need help getting to the next level. Whether you need
$9,000 to create the prototype, or $25,000 to get the patents registered or finally branch out and
do a production run in another colour etc.
On the show you would pitch your invention to a panel of
100 average consumers, who each have cash to support
their favourite product.
Contact
Rich Wilkinson
at 647-406-3819 or
[email protected]
© Innovation Initiative Co-operative
Love,
[)anish /|hmed, blind visionary
www.ordinarywords.com
www.facebook.com/OrdinaryWords
Never
ever
give
up !!
© Innovation Initiative Co-operative
Second Speaker
Amanda Russell
Grants & Subsidies
Amanda will show us the top 22 government grants
that are available, whether Existing or Start-Ups, and
how to complete the paperwork to get cash now.
It can’t get any simpler than that!
Contact: Amanda Russell at 1.800.240.2885 #256 / 416-320-0256 cell
© Innovation Initiative Co-operative
Updated : Grants, Subsidies, &
Loans
A COMPREHENSIVE METHOD OF MAKING MONEY
About This Presentation
• About mind-SHIFT – Knowledge is power!
• Real Learning – Ask Questions!
• Our goal is to provide you with knowledge so you can
research on your own and do what’s right for you.
• We are not a government program but a private group
• We are an aggressive and direct group of people that value
time
• This is a Brief introduction…FULL presentation is being held
on Wed., Feb 25th @ 7:00pm – 8:30pm at The Office Suites –
267 Matheson Blvd. E.. Miss.
• Register: www.meetup.com/wecannetwork
Nature of Grants & Subsidies
With so many people and businesses looking for money,
companies (third-party, banks, governments) are very
selective about who they work with.
- Trained by government programs and financial
companies to look for risk.
- Investors test.
- General Attitude
- Some cases Credit Score (share the story)
Mind-SHIFT Secret
Third-party companies will complete all the paperwork and
submit the grants on your behalf for a fee of 2 to 4%.
Advantages
-No upfront fees.
-Maximize the amount they will get you.
-Knowledge of tricks and techniques they you may not
know.
-Works as insurance if things go wrong.
-Blame game.
Grants & Subsidies
1. Only Federal Corporations or Provincial Corporations
may get these grants. Sole Proprietorships never get
any grants.
2. Grant amounts and fees are often based on your
personality – not socialist in nature
Types
• Loans – Need to be paid back (partially)
• Grants – Money for a special purpose
• Subsidies – Money given to help pay
Unsecured Personal Loans
• 100K Loan to MindSHIFT members with credit above
680 (5% interest).
• Please submit your credit report and $2000.
• If the loan is not paid your credit drops 100 points.
• Great for investments, buying equity in businesses,
helping businesses.
SR&ED
• 22,000 applications a year.
• Dispenses approximate $3 Billion in tax relief and cash
refunds to Canadian industry.
• RIM (Blackberry), Canada Arm, Bell Canada
SR&ED
• 68% of Expenses (Jan 1, 2014 only 55%) to a Max of $2
Million
• Requirements: Canadian Ownership (51% min),
Canadian Workers, Product to be used in Canada,
Research or Experiment of any kind.
• 18 months into the past
Any type of systematic investigation or search carried out
in a field of science or technology by means of experiment
or analysis.
SR&ED
• Ineligible Activities : Activities such as market research,
sales promotion, quality control, routine testing, social
science or humanities research, prospecting for natural
resources, style changes, routine data collection and
commercial production activities are not included in the
definition of SR&ED.
SR&ED
• Companies will prepare the proposal at no upfront cost
and will take 1 to 2 percent of what the government give
you. (Go away pricing common)
• $2 Million Max
• No Risk!
SR&ED for Startups
We are a small start-up company: until our development is
complete, we have no taxable profits, just expenses. How
will a tax-credit help us?
If your business is a Canadian-controlled private
corporation with less than $500,000 taxable income in the
previous year, you may be eligible to receive a refund of
35% or more of your qualified SR&ED expenditures. You
may receive it even if you have no taxable income.
IRAP
(Industrial Research Assistant Program)
• Industrial Research Assistant Program, administered by
the NRC (National Research Council of Canada)
• http://www.nrc-cnrc.gc.ca/eng/business/industrialresearch-assistance.html
• This is a great way to obtain seed money for your new
innovative projects. You don’t need to meet the strict
scientific criteria of the SR&ED program, but you do
need to present a comprehensive new project plan
including a detailed budget. You must be pre-approved
before you start the project.
IRAP
To apply, create a business plan with financial statements.
Usual cost about $2000 to $3500.
Second Chance
The Second Career strategy launched by the Ontario Ministry of
Training, it provides financial help up to $28,000 ($22,000 if no
dependents), or more in some cases, to pay for:
» Tuition
» Living Expenses
» Help caring for dependents
» Travel
» Transportation
» Disability supports
» Other living and training costs
» Books
Business, Finance and Administration
Administrative Officers (NOC 1221)
Bookkeepers (NOC 1231)
Executive Assistants (NOC 1222)
Insurance Adjusters and Claims Examiners (NOC 1233)
Insurance Underwriters (NOC 1234)
Legal Secretaries (NOC 1242)
Medical Secretaries (NOC 1243)
Property Administrators (NOC 1225)
Secretaries (Except Legal and Medical) (NOC 1241)
Natural and Applied Sciences
Air Pilots, Flight Engineers and Flying Instructors (NOC 2271)
Aircraft Instrument, Electrical and Avionics Mechanics, Technicians and
Inspectors (NOC 2244)
Architectural Technologists and Technicians (NOC 2251)
Biological Technologists and Technicians (NOC 2221)
Chemical Technologists and Technicians (NOC 2211)
Civil Engineering Technologists and Technicians (NOC 2231)
Computer and Network Operators and Web Technicians (NOC 2281)
Drafting Technologists and Technicians (NOC 2253)
Electronic Service Tech (NOC Household & Business Equipment) (NOC
2242)
Forestry Technologists and Technicians (NOC 2223)
Industrial Designers (NOC 2252)
Industrial Instrument Technicians and Mechanics (NOC 2243)
Land Survey Technologists and Technicians (NOC 2254)
Mechanical Engineering Technologists and Technicians (NOC 2232)
Systems Testing Technicians (NOC 2283)
User Support Technicians (NOC 2282)
Health
Ambulance Attendants and Other Paramedical
Occupations (NOC 3234)
Licensed Practical Nurses (NOC 3233)
Massage Therapist (NOC 3235)
Medical Laboratory Technicians (NOC 3212)
Medical Laboratory Technologists and Pathologists’
Assistants (NOC 3211)
Medical Radiation Technologists (NOC 3215)
Social Science, Education, Gov’t Service
Community and Social Service Workers (NOC 4212)
Early Childhood Educators and Assistants (NOC 4214)
Paralegal and Related Occupations (NOC 4211)
Art, Culture, Recreation and Sport
Audio and Video Recording Technicians (NOC 5225)
Graphic Arts Technicians (NOC 5223)
Graphic Designers and Illustrators (NOC 5241)
Interior Designers (NOC 5242)
Other Technical and Co-ordinating Occupations in Motion
Pictures, Broadcasting and the Performing Arts (NOC
5226)
Sales and Service
Bakers (NOC 6252)
Butchers & Meat Cutters - Retail Wholesale (NOC 6251)
Chefs (NOC 6241) Cooks (NOC 6242)
Hairstylists and Barbers (NOC 6271)
Insurance Agents and Brokers (NOC 6231)
Real Estate Agents and Salespersons (NOC 6232)
Retail and Wholesale Buyers (NOC 6233)
Technical Sales Specialists - Wholesale Trade (NOC
6221)
Trades, Transport and Equipment
Operators
Aircraft Mechanics and Aircraft Inspectors (NOC 7315)
Bricklayers (NOC 7281)
Cabinetmakers (NOC 7272)
Carpenters (NOC 7271)
Crane Operators (NOC 7371)
Electric Appliance Servicers and Repairers (NOC 7332)
Electrical Power Line and Cable Workers (NOC 7244)
Electricians (NOC Except Industrial and Power System) (NOC 7241)
Heavy-Duty Equipment Mechanics (NOC 7312)
Industrial Electricians (NOC 7242)
Machinists and Machining and Tooling Inspectors (NOC 7231)
Motor Vehicle Body Repairers (NOC 7322)
Plumbers (NOC 7251)
Refrigeration and Air Conditioning Mechanics (NOC 7313)
Sheet Metal Workers (NOC 7261)
Stationary Engineers and Auxiliary Equipment Operators (NOC 7351)
Steamfitters, Pipefitters and Sprinkler System Installers (NOC 7252)
Telecommunications Installation and Repair Workers (NOC 7246)
Tool and Die Makers (NOC 7232)
Welders and Related Machine Operators (NOC 7265)
Primary Industry
Farmers and Farm Managers (NOC 8251)
Landscaping & Grounds Maintenance Contractors &
Managers (NOC 8255)
Nursery and Greenhouse Operators and Managers (NOC
8254)
Processing, Manufacturing and Utilities
Papermaking and Coating Control Operators (NOC 9234)
Second Chance
Those who qualify may have some or all of these costs
covered within the Second Career Strategy. In order to find
out if you qualify for Second Career or any other
government funding, all candidates must visit a
Employment Ontario assessment centre for an
assessment interview.
CSBFL
(Canada Small Business Financial Loan)
• Banks administer this loan but backed by Government of
Canada..
• $250K (or $750K for Real Estate).
• If business fails, must pay only 25% at most.
TIP: Never go to BDC for this loan.
TIP: Go to all banks (TD)
Need 2 NOA and a Business Plan
Mind-SHIFT: Small Business Investment
Loans
• 30% business owner / 70% Investment (No Risk)
• 100% on Commercial Real Estate Properties
• 6 Months No Payment
• Requirements
• Mind-SHIFT member
• $2000 Application Fee (refundable if not approved)
CYBF
(Canadian Youth Business Foundation)
- 45K Max loan for people 18 – 39 years of age. Usually
15K
- Cybf.ca (Business Plan can be done online)
1.800.464.2923
- Reasonably easy to get
- Mentors are assigned for 2
Ontario Self-Employment Benefit Program
The Ontario Self-Employment Benefit provides
unemployed people who are or have recently been eligible
for Employment Insurance with income and
entrepreneurial support while they develop and start
their business.
Pays about $750 every two weeks for 6 months
Not allowed to focus on revenue generation during the
courses.
Ontario Interactive Digital Media Tax Credits
(OIDMTC)
• The Ontario Interactive Digital Media Tax Credit
(OIDMTC) is a refundable tax credit based on eligible
Ontario labour expenditures and eligible marketing and
distribution expenses claimed by a qualifying corporation
with respect to interactive digital media products.
Ontario Interactive Digital Media Tax Credits
(OIDMTC)
• To be eligible for the OIDMTC, a product must be an
interactive digital media product whose primary purpose
is to educate, inform, or entertain, and that achieves its
primary purpose by presenting information in at least two
of: (i)text, (ii)sound and (iii) images. Types of interactive
digital media products that may be eligible for the tax
credit include, but are not restricted to, games,
educational and informational products. Operating
system software is not eligible for the tax credit.
Digital (Software, Hardware) Solution
Implementation Productivity Improvement
IRAP Digital Technology Adoption Pilot Program
Eligibility Criteria
• Small or medium-sized enterprise in Canada,
incorporated and profit-oriented;
• 500 or fewer full-time equivalent employees; and
• Have the objective to grow and generate profits through
development and commercialization of innovative,
technology-driven new or improved products, services,
or processes in Canada.
Digital (Software, Hardware) Solution
Implementation Productivity Improvement
IRAP Digital Technology Adoption Pilot Program
Cost Covered
• Cost, benefits and risk analysis
• Organizational changes
• Training – Technology acquisition
• Solution adaptation
• Solution implementation
Amount: Up to $100,000
Thank You
Thank you for attending this presentation.
To help us do more presentations, please do the following:
1. Tell your friends and family about the group and have
them join our group below.
2. Register to attend a FULL Presentation to learn more
about the Grants & Subsidies.
For more information please visit:
www.meetup.com/mindshift
www.riccentre.com
© Innovation Initiative Co-operative
www.youtube.com/watch?v=FA1qgXovaxU
© Innovation Initiative Co-operative
Reminder
Thursday February 26: next IC York Seminar
Thursday March 26: March IC York Seminar
Tuesday March 31: Next IC Seminar!
Afterwards…
For those who can stay later
and want to meet socially…
we can continue our
conversations downstairs!
© Innovation Initiative Co-operative
Conclusion
We like to thank all attendees
for your interest in our “initiative”
A special thanks to all those who joined
and are willing to contribute to the Co-op!
Have a safe trip home and ….
Good night!
…
© Innovation Initiative Co-operative
© Innovation Initiative Co-operative
Improve
the World!!