Financial Support Cashed BY and FOR SAFEC
After completing all the steps necessary and respecting all contractual obligations and conditions with program managers, we received financial assistance from the following government organizations:
| Organization | Amount | Type of assistance | Description |
|---|---|---|---|
| BDC | $100,000.00 | Loan | To support market development |
| Canada Revenue | $114,224.40 | SR&ED Tax Credits - 2007 and 2008 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Revenu Québec | $58,947.37 | SR&ED Tax Credits - 2007 and 2008 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| MDEIE | $330,667.77 | Interest-free loan. Capital refund starting 5 years after the last disbursement date | To develop innovative products - Financing 23% of disbursed costs of workforce, sub-contracting, translation, IP protection and equipment leasing related to the project |
| MDEIE | $50,000.00 | Subsidy | To hire a reasearch and innovation specialist - Subsidy of $25,000 per year for 2 years |
| NRC-IRAP | $15,000.00 | Subsidy | To hire a new graduate to conduct an innovative project |
| NRC-IRAP | $30,000.00 | Subsidy | To hire a new graduate to conduct an innovative project |
| Emploi-Québec | $7,500.00 | Subsidy | To hire a consultant to provide management support in "Coaching mode" |
| Emploi-Québec | $7,500.00 | Subsidy | To hire a consultant to provide management support in "Coaching mode" |
| Emploi-Québec | $8,039.70 | Subsidy | Employment subsidy |
| Emploi-Québec | $9,497.60 | Subsidy | Employment subsidy |
| Emploi-Québec | $12,010.00 | Subsidy | Employment and specialized training subsidy |
| Canada Revenue | $129,737.00 | SR&ED Tax Credit - 2009 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Revenu Québec | $104,063.00 | SR&ED Tax Credit - 2009 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| NRC-IRAP | $21,000.00 | Subsidy | To hire a new graduate to realize an innovative project |
| Canada Revenue | $123,364.00 | SR&ED Tax Credit - 2010 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Revenu Québec | $81,452.00 | SR&ED Tax Credit - 2010 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Emploi-Québec | $6,000.00 | Subsidy | To hire a consultant to provide management support in "Coaching mode" |
| Emploi-Québec | $6,656.00 | Subsidy | To hire a consultant to provide management support in "Coaching mode" |
| Emploi-Québec | $6,240.00 | Subsidy | To hire a consultant to provide management support in "Coaching mode" |
| Canada Revenue | $84,064.00 | SR&ED Tax Credit - 2011 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Revenu Québec | $78,400.00 | SR&ED Tax Credit - 2011 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Emploi-Québec | $6,720.00 | Subsidy | Employment subsidy |
| Emploi-Québec | $7,070.00 | Subsidy | Employment subsidy |
| Emploi-Québec | $6,397.30 | Subsidy | Employment subsidy |
| Emploi-Québec | $4,360.00 | Subsidy | Employment subsidy |
| Revenu Canada | $94,331.00 | SR&ED Tax Credit - 2012 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Revenu Québec | $73 490.00 | SR&ED Tax Credit - 2012 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| MDEIE | $80,000.00 | Subsidy | To develop innovative products and support commercialisation |
| Emploi-Québec | $5,712.00 | Subsidy | Employment subsidy |
| Investissement Québec | $124,000.00 | Financing SR&ED Tax Credit - 2013 | Financing secured by the tax refund on the portion of costs disbursed for our SR&ED activities in 2013. |
| Canada Revenue | $90,990.00 | SR&ED Tax Credit - 2013 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Revenu Québec | $71,922.00 | SR&ED Tax Credit - 2013 | Tax credit to refund a portion of costs disbursed for our SR&ED activities |
| Total cashed | $1,963,706.14 |
