SAFEC difference
Various public and private organizations provide information on assistance programs and funding for businesses. SAFEC identified the top 5 "models" used to deliver this information to entrepreneurs. This table shows the results of a comparative study between SAFEC and other organizations with an offer that may seem similar.
Highlights | SAFEC | Paid Online Directories | Free Online Directories | CDs or Printed Directories | In House Search (Manual) |
---|---|---|---|---|---|
![]() |
![]() |
![]() |
![]() |
![]() |
|
Pre-Qualification |
![]() ![]() ![]() ![]() ![]() Clear answer on chances to obtain funds. |
![]() Does not provide this type of information. |
![]() Does not provide this type of information. |
![]() Does not provide this type of information. |
![]() Does not provide this type of information. |
Free Account |
![]() ![]() ![]() ![]() ![]() To create an unlimited number of "Business Project Descriptions" and to test database and tools. |
![]() ![]() User account which, based on the chosen organization, enables the creation of one or more "profiles" or "projects." |
![]() ![]() Free use. No account required. |
![]() Does not provide online features. |
![]() No account required. |
Free Programs |
![]() ![]() ![]() ![]() ![]() Free information on 10 to 15 programs matching the "Business Project Description." |
![]() ![]() Free information on a variable number of programs related to the user profile. |
![]() ![]() ![]() Free information on a variable number of programs related to the user profile. |
![]() No free information available. |
![]() Free information available based on the results obtained during searches. |
Information Sources |
![]() ![]() ![]() ![]() ![]() Over 700 program manager websites. Information is validated with managers if needded. |
![]() Programs managers and/or their website. |
![]() ![]() Programs managers and/or their website. |
![]() Program manager websites. |
![]() Directories, websites, publications, etc. |
Update Frequency |
![]() ![]() ![]() ![]() ![]() Dynamic database updated in NEAR REAL-TIME. Updated 24/48 hours after information available on program manager website. |
![]() No specific commitment on the frequency of updates. |
![]() Rarely reviewed or "regularly reviewed," depending on their websites. |
![]() Based on the directory, no clear commitment on the frequency of updates, or one to six times per year. |
![]() Depending on available time to verify sources of information online. |
Quantity of Information |
![]() ![]() ![]() ![]() ![]() Most comprehensive database on assistance programs offered by government and private organizations. |
![]() Based on the information posted on their websites: 2,500 to 4,500 sources for public and private funds and funding available in Canada. |
![]() ![]() Depending on the organization - Between 100 and 500 financial assistance programs and funds, mainly offered by the government. |
![]() Depending on the directory bought - Hundreds to 2,000 financial assistance programs available in Canada. |
![]() Quantity of information depends on the ability, knowledge, allocated time and types of search tools used. |
Targeting of Information |
![]() ![]() ![]() ![]() ![]() Search tool targeting information in correspondence with a "Business Project Description" that recognizes 18 criteria: Accuracy rate + 98%. |
![]() Depending on the organization, provides a filtering tool that recognizes 12 to 20 criteria. Accuracy to be validated. |
![]() ![]() Depending on the organization, provides a filtering tool that recognizes 3 to 7 criteria. Accuracy to be validated. |
![]() No filtering. The information must be read, analyzed, validated, sorted and selected based on project needs. |
![]() No filtering. The information must be searched, read, analyzed, validated, sorted and selected based on project needs. |
Search Engine |
![]() ![]() ![]() ![]() ![]() Enables advanced searches (keyword) among the programs obtained. |
![]() There is no information to confirm the availability of a search engine. |
![]() There is no information to confirm the availability of a search engine. |
![]() Does not provide online features. |
![]() Conventional search engines for manual, online searches. |
Efficiency and Speed |
![]() ![]() ![]() ![]() ![]() The time needed to complete the "Business Project Description" and obtain a search result is approximately 10 to 20 minutes. |
![]() ![]() ![]() ![]() ![]() The time needed to complete the online questionnaire and obtain a search result is approximately 10 to 20 minutes. |
![]() ![]() ![]() ![]() ![]() The time needed to complete the online questionnaire and obtain a search result is approximately 10 to 20 minutes. |
![]() Impossible to evaluate given that the identification, sorting and verification procedures of the required data must be executed manually. |
![]() Impossible to evaluate given that the search, identification, sorting and verification procedures of the required data must be executed manually. |
Support Service |
![]() ![]() ![]() ![]() ![]() Available remotely and at an affordable price, a service that offers help in priorizing which programs to solicit. |
![]() In this form, this service is offered exclusively to SAFEC subscribers. These directories mainly target supply and sales of consulting services. |
![]() In this form, this service is offered exclusively to SAFEC subscribers. |
![]() In this form, this service is offered exclusively to SAFEC subscribers. |
![]() Does not consider the use of this service. |
Flexi-Guarantee |
![]() ![]() ![]() ![]() ![]() Allows a "Business Project Description" to be modified if it does not optimize the results obtained by the client. Available exclusively for Premium Subscribers. |
![]() Published information does not confirm a guarantee on the quality of results obtained from the information search. |
![]() Does not provide this type of guarantee. |
![]() Does not provide this type of guarantee. |
![]() Does not provide this type of guarantee. |
Specialized Training |
![]() ![]() ![]() ![]() ![]() Training sessions to learn how to obtain and cash funds offered by government organizations. |
![]() This type of service is not offered. |
![]() This type of service is not offered. |
![]() This type of service is not offered. |
![]() Non applicable in this case. |
Type of Information |
![]() ![]() ![]() ![]() ![]() Information on all types of financial and non financial assistance for businesses: Subsidies, Financing, Factoring, Venture Capital,Tax Credits, Equity Investments, Assistance in the form of in-kind contribution, etc. |
![]() ![]() Subsidies, Tax Credits, Loans, Loan Guarantees, Equity, Private Funding, Factoring, etc. |
![]() ![]() Subsidies, Tax Credits, Loans, Loan Guarantees, Equity, Private Funding, Factoring, etc. |
![]() Information on government financial assistance. According to the directory, the information may relate to individuals, businesses, or both. |
![]() The type of financial and non financial assistance information obtained depends on the abililty, knowledge, allocated time, and types of search tools used. |
Program Summary |
![]() ![]() ![]() ![]() ![]() Technical sheet - 8.5 x 11, including: Program name, description, eligibility criteria, type of assistance offered and URL to the program page. |
![]() Depending on the assessed directory: Program name, eligibility criteria and URL to the program or organization, or a succinct summary with a hyperlink to the program. |
![]() ![]() Program name, hyperlink(s) to the program manager website and in certain cases, a brief description of the program. |
![]() Program name, hyperlink to the program manager website and a more or less elaborate summary of the program. |
![]() Information obtained on each program depends on the ability, knowledge, allocated time and type of research tools used. |
Data Classification |
![]() ![]() ![]() ![]() ![]() Classified by type of assistance. Dashboard and features to organize, manage and categorize the data as needed. |
![]() ![]() Classified by type of assistance or basic classification system. No tools to organize, manage and categorize the data as needed. |
![]() ![]() ![]() Classified by type of assistance, by organization, by type of customer, etc. No tools to organize, manage and categorize the data as needed. |
![]() No specific classification. Manual sorting and classification of data as needed. |
![]() No specific classification. Manual sorting and classification of data as needed. |
Information Consultation |
![]() ![]() ![]() ![]() ![]() Simple, fast and efficient consultation thanks to classification tools and targeting functionalities. |
![]() ![]() May become difficult due the lack of features and tools to classify and organize information. |
![]() ![]() May become difficult due to the lack of features and tools to classify and organize information. |
![]() No filtering tools for the massive amount of information to sort, analyze and validate before consulting. |
![]() Information needs to be searched and found directly online, on program sites, before being consulted. |
Publication Format |
![]() ![]() ![]() ![]() ![]() Centralized database. Each program includes a downloadable 8.5x11 PDF, Word and HTML document with dynamic content available online. |
![]() Web page: Summary lacking consistency in type, number and relevance of program information. |
![]() Web page: Summary lacking consistency in type, number and relevance of program information. |
![]() Paper or electronic format (CD) publication providing a list of program names with hyperlinks to websites containing more details. |
![]() Depending on the allocated time, the data found and the type of search performed, this step requires a lot of reading and does not guarantee results. |
Subscription Duration |
![]() ![]() ![]() ![]() ![]() 90 days of unlimited access to data on programs corresponding to the selected "Business Project Description." |
![]() According to published information, annual subscription of varying duration to different types of reports or "profiles," or purchase of information or consulting services. |
![]() Free use. No subscription needed. |
![]() Depending on the target directory, annual subscription or information purchase based on a cost per program. |
![]() No subscription. Information to be directly searched through online program information sources before being consulted. |
Cost of Access to Data |
![]() ![]() ![]() ![]() ![]() Three month access to data corresponding to a "Business Project Description" and "Alert Report" on updates: $350. |
![]() Option 1 - 12 months of data access: $216. Other options: Different information and/or consultation services ranging from a few hundred to tens of thousands of dollars. |
![]() ![]() Free use. Cost is equivalent to the value of the time spent to sort the data and to assess the adequacy of available data. |
![]() Paper, CD or downloadable directories: from $69.95 to several hundreds of dollars per type of directory. Another option: $6.95 to $8.95 for each program purchased online. |
![]() Equivalent to the search time dedicated. For entrepreneurs, time is precious and can be expensive. |
Support Service Cost |
![]() ![]() ![]() ![]() ![]() Based on the selected option: $125 to $145/hour - À la carte: Per 90-minute block or 4-hour block. |
![]() In this form, this service is offered exclusively to SAFEC subscribers. |
![]() In this form, this service is offered exclusively to SAFEC subscribers. |
![]() In this form, this service is offered exclusively to SAFEC subscribers. |
![]() In this form, this service is offered exclusively to SAFEC subscribers. |
Subscription Renewal |
![]() ![]() ![]() ![]() ![]() Renewed on a monthly basis for $95 per month without a mandatory minimum duration. |
![]() According to published information, annual subscription of varying duration to different types of reports or "profiles," or purchase of information or consulting services. |
![]() ![]() Free use. No subscription needed. |
![]() Depending on the target directory, annual subscription or information purchase based on a cost per program. |
![]() Information to be directly searched through online program information sources before being consulted. |
Alert Report |
![]() ![]() ![]() ![]() ![]() Email - Information on modifications made to the programs included in the "Business Project Description." The frequency of alerts and the type of information are selected by the subscriber or the member. |
![]() Depending on the case, email with information on new programs included in the business "profile" (6 times per year), or no "alert service." |
![]() Does not provide this type of service. |
![]() Does not provide this type of service. |
![]() Does not provide access to this type of service. |