Western Economic Diversification Canada
www.wd-deo.gc.ca
Common menu bar links
The Inventors Guide: Source Your Financing
Turning a great idea into a viable product is a long process. Design and development, manufacturing, marketing, distributing - it all takes money. This section provides an overview of the types of funding available, and links to financial resources.
There are three basic types of financing available: equity financing, debt financing and government assistance. Obtaining the financing you need is essential, of course, but the real key is getting the right financing.
GOOD LINKS
Industry Canada's Sources of Financing website contains information on different types of financing, tips to help you secure financing, an extensive directory of Canadian financial providers and a powerful search engine.
Alberta Venture's
"The Money Book"
A guide to more sources of business financing than you believed possible", available through Venture Publishing.
You will need to balance both debt and equity financing - businesses usually require both. Debt financing is typically used for land, buildings and equipment. Equity financing is used for R&D, working capital and funding the equity portion required by the debt financer.
You will also need a true, realistic evaluation of what your idea / company is worth in order to deal with equity investors. This will enable you to come to an agreement on shares.
