TORONTO, March 7, 2023 - Today, Easly, a leading Capital-as-a-Service financing platform, and ventureLAB, a global founder community for hardware technology and enterprise software, announced a new strategic partnership to bolster the innovation economy and support tech entrepreneurs across Canada.
“Thanks to our partnership with ventureLAB, more Canadian entrepreneurs will learn how they can take advantage of government tax credits to secure a more predictable cash flow and access capital sooner,” said Alastair Nimmons, Executive Vice President at Easly. “ventureLAB is doing great work helping their founders grow and build globally competitive businesses. Our partnership will add another critical element to their success.”
“We are thrilled to have Easly join ventureLAB’s team of innovation experts and industry leaders,” said Jane Gertner, VP, Marketing & Partnerships at ventureLAB. “Today’s announcement builds on our collective vision to enable Canadian tech companies to become globally competitive and we are certain that Easly’s expertise in the startup and innovation sector will be a great fit at ventureLAB.”
Since 2019 Easly has provided more than $110 million of non dilutive funding to Canadian businesses that receive government tax credit refunds ranging in amounts from $100,000 to $2 million. In addition, agrowing number of companies are improving their cash flow by using Easly quarterly disbursements as their SR&ED credits accrue during the year; two-thirds of Easly Advances are for repeat customers.
“With billions in government tax credits available to small and medium-sized businesses, Easly’s partnership with ventureLAB will help many companies put that capital to use sooner without negatively impacting their cash flow”, added Nimmons. “The partnership will give us the opportunity to bring our capabilities to the attention of more Canadian entrepreneurs.”
Easly Solutions Corp. is a market leader in refundable investment tax credit financing. Through its Capital-as-a-Service financing platform, Easly provides Canadian companies of all sizes with non-dilutive capital that's accessible throughout the year by leveraging a company's accruing tax credit refunds. Bringing the receipt of these funds forward enables companies to strategically invest in their growth without having to give up equity or negatively impacting their cash flow. Visit fundeasly.com.
ventureLAB is a leading global founder community for hardware technology and enterprise software companies in Canada. Located at the heart of Ontario’s innovation corridor in York Region, ventureLAB is part of one of the biggest and most diverse tech communities in Canada. Our initiatives focused on raising capital, talent retention, commercializing technology and IP, and customer acquisition have enabled thousands of companies to create over 5,000 jobs and raise more than $340 million in investment capital. At ventureLAB, we grow globally competitive tech titans that build-to-scale in Canada, for global markets.