WTM19 - How to get access to grants and subsidies aka Free Money by Claudia Pérez-Levesque

Grants are widely available and an excellent way of not diluting a company. In STDC cleantech fund’s current QC projects, only 5.6% of the money was awarded to female CEOs. I will share where to look for grants, how to build a project and present key people to influence to get free money.

https://youtu.be/dNAykyfipO0

Transcript

1. How to access grants and subsidies a.k.a Free Money Claudia Pérez-Levesque, STEMinist + Cleantech enthusiast
2. CLAUDIA PEREZ-LEVESQUE Fouder, exVentus, l’aut Cuisine Co-founder, Women in Tech Manifesto Government Affairs, Effenco @MTLBadger | cpl@exventus.com 2
3. 6% SDTC current projects lead by women 3
4. From the 2016 Global Entrepreneurship Monitor (GEM) Canada Report on Women's Entrepreneurship Much more likely to choose small businesses in the retail and service sectors. Less likely to engage in international trade 35.9% of women owned new businesses were engaged in innovation, versus 44.0% for male 4
5. Contests ▫ < 25k$ ▫ 100% ▫ Typically business plan TYPES OF FREE MONEY Non-refundable Subsidies ▫ 25k$-300M$ ▫ 25- 80% expenses ▫ Project or operation 5
6. 1. When and Why Get Free Money? Because free money is not always worth it 6
7. Étienne Crevier BiogeniQ FailCamp:«j'aurais dû courir les clients au lieu de courir les concours.» 7 (Crédit: Hardiesse Productions)
8. Economics of a proposal 8 Forecasted sales (A) 10,000 60,000 Total hours worked/year (B) 520 1820 Hourly Salary (C) 0 15 Hours to write the proposal (D) 120 80 Probability of winning a contest (E) 15% 0.15 Completeness of business plan (F) 5% 90% Investment (G) 769$ 23,024$ (A/B + C) x D / E x F = G
9. 9 1. Do I Have Money
10. 7500$ 10
11. Economics of a subsidy 11 (H + I) x J = K Money I can spend (H) 7,500$ Money a client can give me (I) 142,500$ % of Subsidy (J) 50% Possible subsidy amount (K) 75,000$
12. Economics of a subsidy 12 L / M x N = O Equivalent investment (L) 75,000$ Current valuation of company (M) 500,000$ Future valuation of company (N) 5,000,000$ Equivalent loss in dilution (O) 750,000$ (15%)
14. 14 1. Should I Apply to a Subsidy?
15. 2. Where Can I Find Free Money Or does it just fall off the sky? 15
16. Governments Municipal ▫ PME MTL ▫ CLD Provincial ▫ All ministries ▫ Osentreprendre Federal ▫ All ministries ▫ Women in cleantech It’s everywhere, start close to you. Organisations Incubators/ Accelerators Private funds ▫ L’Oréal ▫ Adopte inc. International contests Recyc Québec 16
17. 17 RSS Feed
18. 2. How do I Build a Project? What is the subsidy I need most? 18
19. Operational ▫ Exportation ▫ Human resources ▫ Norms ▫ Environment ▫ Productivity What is or would be the biggest expense? Innovation ▫ R&D ▫ Pilot Project ▫ Vitrine ▫ Norms ▫ IP 19
20. What gives credibility? partners being a human rigorousness 20
21. 2. Who decides to give me money? And do I need to all buy them a bottle of wine? 21
22. 22 Minister Advisors Public Officer
23. Final thoughts Plan your subsidies Ask for help Keep your KPIs 23
24. CLAUDIA PEREZ-LEVESQUE Fouder, exVentus, l’aut Cuisine Co-founder, Women in Tech Manifesto Government Affairs, Effenco @MTLBadger | cpl@exventus.com 24