Contribution: Industrial Research Assistance Program – Contributions to Firms
WorkshopX Inc.
$48,375.00
CanvasPop Business Growth Support through BDC Growth Driver Program
FY 2018-19 · 2019-01-07
Summary
CanvasPop has become one of North America’s leading online photo to art businesses. In the last 6 months in 2018 - we have averaged over 30% YOY growth, with November and December of 2018 averaging 47% YOY growth.
With over 90% of our revenue coming outside of Canada, our revenues are flowing into the Canadian economy, and we wish to continue this growth with a mix of increased marketing activities and new products.
To help us support this growth - we are registering in BDC’s Growth Driver Program, which will help us put in place the operational discipline and governance to ensure our growth plans are achieved.
We are requesting for financial assistance to help fund the cost of this program.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Ottawa|Ottawa, Ontario, Canada
Recipient Type
For-profit organization
Business Number
816209944
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2019-06-30
Agreement Number
918863
Agreement Start Date
2019-01-07
Agreement Title
CanvasPop Business Growth Support through BDC Growth Driver Program
Agreement Title (French)
Soutien à la croissance commerciale de CanvasPop par le biais du programme de croissance de la Banque de développement du Canada (BDC)
Agreement Type
Contribution
Agreement Value
$48,375.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
CanvasPop has become one of North America’s leading online photo to art businesses. In the last 6 months in 2018 - we have averaged over 30% YOY growth, with November and December of 2018 averaging 47% YOY growth.
With over 90% of our revenue coming outside of Canada, our revenues are flowing into the Canadian economy, and we wish to continue this growth with a mix of increased marketing activities and new products.
To help us support this growth - we are registering in BDC’s Growth Driver Program, which will help us put in place the operational discipline and governance to ensure our growth plans are achieved.
We are requesting for financial assistance to help fund the cost of this program.
Description (French)
CanvasPop est devenu l’un des chefs de file de la photo en ligne aux entreprises d’art en Amérique du Nord. Au cours des six derniers mois de 2018, nous avons enregistré une croissance moyenne de plus de 30% en glissement annuel, avec une croissance moyenne de 47% pendant les mois de novembre et décembre 2018. Avec plus de 90% de nos revenus provenant de l'extérieur du Canada, nos revenus sont injectés dans l'économie canadienne. Nous souhaitons poursuivre cette croissance en combinant une augmentation des activités de marketing et de nouveaux produits. Pour nous aider à soutenir cette croissance, nous nous inscrivons au programme de développement de la croissance de la Banque de développement du Canada (BDC), ce qui nous aidera à mettre en place la discipline opérationnelle et la gouvernance nécessaires à la réalisation de nos plans de croissance. Nous demandons une aide financière pour aider à financer les coûts de ce programme.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Ottawa Centre
Federal Riding (French)
Ottawa-Centre
Federal Riding Number
35075
NAICS Code
339990
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
816209944
Recipient City
Ottawa|Ottawa
Recipient Country
CA
Recipient Legal Name
WorkshopX Inc.
Recipient Postal Code
K1Y 4R1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2018-2019-Q4-918863
