Paula Parker posted an articleFinance your SR&ED tax credits with a Capital-as-a-Service platform. see more
Source: Easly May 21, 2020
"Easly has been very good to us. They give us financial options at a rate and frequency that small technology companies absolutely need. And it's not about survival. It's about strategy."
Dom Kwong, Co-Founder and CTO, Damon Motorcycles
Damon Motorcycles kicked off 2020 in a big way. They were the recipient of this year's Innovation Award at the CES (Consumer Electronics Show) 2020 in Las Vegas. As Dom recalls it, "We had a big debut at CES… I still can't describe the success". Receiving that award helped propel the British Columbia based manufacturer of fully-electric, smart motorcycles into the spotlight, garnering hundreds of pre-orders for its products. With all the innovation happening at Damon Motorcycles, Dom recognized that "everything that we do qualifies (for SR&ED) because it's never been done before." That made Easly's SR&ED backed financing an attractive option for Damon Motorcycles.
For those unfamiliar with the SR&ED (Scientific Research & Experimental Development) Program, it's a tax incentive program administered across Canada to help ease the financial burden businesses face while conducting R&D. While this program is an excellent source of capital that many Canadian businesses rely upon, the annual frequency of the refunds doesn't always meet the cash management needs of a growing company.
With Easly, Damon Motorcycles receives quarterly cash installments instead of waiting for an annual lump-sum payment from the government. At the end of every fiscal quarter, the company's accrued SR&ED value is assessed, and funds are released based on that amount. These predictable quarterly installments give Damon Motorcycles a consistent flow of capital they can plan for. "We use Easly quarterly draws as part of our financial model," says Dom, "you don't want to be reactive to things, you want to be proactive, and being able to map these funding draws just allows us to be proactive in how we deploy."
Easly offers competitive financing backed by SR&ED tax credit refunds to companies like Damon Motorcycles. From Dom's point-of-view, "you don't want to wait significantly long periods for your return. Having to wait for 12 - 18 months for a SR&ED return is difficult for any company." Accelerating that access to capital improves a companies cash management, giving them more flexibility throughout the year. "It's all about the timing of the funds,” says Dom, “make the funds available sooner so that companies like ours can get on with the work that they're doing. The funds we get from Easly go right into paying for the most important OPEX we have, which for us is staff salaries."
Companies like Damon Motorcycles bring Canadian innovation to the world stage. With groundbreaking safety technology and an all-electric powertrain that can propel the rider from 0 - 60 mph in under 3 seconds, Damon Motorcycles' Hypersport motorcycle is positioned to make a significant impact in the market. "To be able to generate hundreds of pre-orders, in the 10s of millions of dollars, that is something else. That means that we do have a product-market fit and that our audience is listening. So we are addressing a very real problem," Dom said of their recent success. Easly exists to support companies like Damon Motorcycles as they grow from conceptualization to product deployment.
To find out more about how Easly can be a strategic part of your capital mix visit fundeasly.com or contact Alastair Nimmons at email@example.com.
Tessa Bousfield posted an articleA good creative strategy is essential to set yourself apart from other brands see more
Author: Aurora Tapp
Injecting the Creativity into your Creative Strategy
A good creative strategy is essential to set yourself apart from other brands. Marketing campaigns bombard consumers daily. We’ve become pretty good at tuning them out. But some of them stick. Some capture our attention because they’re particularly beautiful, funny, or thoughtful. They’re different.
An uncreative marketing strategy isn’t much of a strategy at all.
I still remember the U by Kotex campaign that came out when we still watched TV and “Netflix and chill” had no significance. For those who don’t, the ads ridiculed regular tampon commercials. They were honest, hilarious, and unique. They also went on to successfully sell the same product for about double the price.
They were incredibly creative ads because they thought completely outside the box.
But creativity doesn’t have to be this elusive concept. We’re not Jackson Pollock throwing material at a board for others to derive meaning from. Marketers’ creative tasks are actually easier because they’re guided.
So you can breathe.
Creative is applying that same outside-the-box thinking to solve a problem. Specifically, your audience’s problems. Innovative thinking will give you a competitive edge.
Easier said than done, right?
How do we “be creative?”
It’s not a simple thing – even professional artists struggle to come up with new ideas. Except maybe Stephen King.
Creativity is the productive use of imagination, which in itself is a faculty of the mind. There’s no secret formula to unlocking creative potential because all minds function differently.
And thank goodness, because I like to believe that I think differently than a lot of the politicians, internet trolls, and serial killers out there.
Look at your own marketing team. SEO analyst is likely to approach a problem at a different angle than a graphic designer. The creative process is different for everyone, and everyone has a different role in executing a creative strategy.
Here are a few approaches:
Mind and Road Mapping
Copy and content writers will be familiar with this strategy. Creating webs of ideas that stem from your goal is an effective type of brainstorming. It helps and points out what areas are lacking in.
Write down every little thing that comes to you, even when you’re not at work.
I know squiggling all over a piece of paper may seem stupid at first, but it helps.
A great and simple technique for the beginning stages is the SWOT Analysis. Identifying strengths, weaknesses, opportunities, and threats will help you understand your business and where it stands.
Turns out, there’s a ton of mind mapping software out there. Here are three that I thought looked pretty great:
This is a Google extension, and compatible with Google Drive. It’s built for collaboration, with comments, chat, and the ability to view revision history. Great for team brainstorming.
This is another good one for teams. It’s completely web-based and chat-enabled, making sharing, accessibility, and communication easy. Especially if you work with freelancers. It also has a presentation tool for meetings.
Rated 4.2 / 5 by G2Crowd, this is an especially great mapping tool for marketers. The software has storyboarding tools, allows social media posting, and calculates project costs. It’s also compatible with Google Drive, so your whole team can access it.
All of these tools are free, with upgraded plans starting at about five dollars a month.
This is pretty self-explanatory. Marketing inspiration can be found everywhere. For more visual thinkers, creating a mood board or using Pinterest to compile parts of an idea is useful. I keep my own mood board on Pinterest, where I go when I need fresh ideas for my own creative strategy.
Another strategy is keeping a swipe file. Please do not infer that this means a file of things to swipe! A swipe file is a compilation of marketing campaigns, designs, illustrations, articles, etc., that you find particularly awesome. For me, this takes the form of a bookmark folder on my browser. When I come across a well-written blog or captivating headline, I put it in the swipe file. It may come as inspiration later when I’m staring at a blank Google Doc with an 8 am deadline.
If you’re willing to put in the extra work, there are some great resources out there. Here’s a link to some of the best TED Talks on the subject.
I also highly recommend Big Magic: Creative Living Beyond Fear by Elizabeth Gilbert. But there are a plethora of books on creativity.
Just be careful when inspiring yourself not to lose your authenticity. That’s the life and blood of creativity!
Staying up-to-date in your industry may not just spark your creativity, but will ensure that what you generate isn’t stale. It’s as easy as checking your LinkedIn and following a few of your favourite blogs. I also love Medium for providing daily articles with fresh industry insights.
Coming up with something great only to find out someone already did definitely sucks. But it’s better than putting a lot of work into something unoriginal. Or even worse, getting accused of stealing an idea.
Thinking about current trends and events can be helpful too. For example, as a content creator, I find that Googling national holidays can generate ideas year-round.
Keep an open mind and try not to let yourself get stuck.
When I tried coming up with a company name, I wrote down a ton of ideas that are way too embarrassing to share. But there were a few that I kind of liked. Kind of liking something means it’s not what you should name your company. But I couldn’t get them out of my head. I kept trying to justify them. A part of this was because I honestly didn’t think I’d be able to come up with something better.
Thankfully, I waited.
Studies show that projects that were rushed into demonstrate low levels of originality. This is not to say you should procrastinate, but neither Rome nor a quality creative strategy was built in a day.
Wait, take a walk, try a different perspective.
What you can do as a Marketing Manager
Break up the routine
If your team is trudging through their day, mix up the schedule a little. Breathe a little life into their work minds. Offer events and other team building exercises. Take them out for lunch to a new restaurant. They’ll think about work in different ways, and approach challenges at new angles. Exactly what you need in your creative strategy!
Listen to everyone
Most of the best ideas come from collaboration. Someone presents a challenge, another the solution. Someone comes up with a great idea, and another layers something atop it. Use the resources and skills in your office. When everyone feels like a contributing part of the creative strategy, the result is logical and consistent.
Hold brainstorming meetings with the whole team. Ask questions that make them think about things differently. Figure out what you as a team are curious about, and what kind of alternative solutions you can find. You never know when that quiet analyst might speak up with something brilliant.
Change the Environment
Is your office a little stifling? Studies show that changes in the environment can boost creativity. True, we can’t be going for little strolls throughout the eight hour day. But if there’s little visual appeal in the office, or it hasn’t been decluttered in a long time, why not change that? Clearing the air can clear the mind. Add a little colour. Personally, a few plants make me feel vibrant and excited to create.
You can also consider bringing in some kind of coach to reinvigorate your staff. A creativity expert can bring new approaches and energy into the office.
Oh, by the way, studies also showed that coffee boosts creativity. You’re welcome.
Since everyone thinks differently, how can you pin down the best strategy once the creative juices have been flowing?
First, take all ideas into consideration. Yes, even the ones that you’re not super keen on. You never know. People need to be comfortable pitching their ideas.
But you do need to refine. Consider all ways of thinking and all the ways that the strategy can be interpreted. Be aware of cultural sensitivities and timeliness. Keep narrowing down until your team has found that winning strategy, and execute.
Make sure everyone is happy and on the same page. If the creative strategy excites everyone, the result will be much better. Consistency is essential to marketing.
Creativity can be a hard thing to grasp. It applies to so many disciplines, from the obvious like writing, design, etc., to business and SEO. Creativity is something that everyone has, like a muscle. Some people are more in touch with theirs than others. It needs to be stretched and exercised every day in new and different ways. But shocking results are possible for everyone.
Article originally posted on contentmint.ca
Tessa Bousfield posted an articleA key step towards supporting the technology sector in BC to reach its potential see more
Today, at the #BCTECH Summit Government launched the full #BCTECH Strategy, as a key step towards supporting the technology sector in British Columbia to reach its potential, create high-paying skilled jobs, and build a strong and thriving economy.
This announcement reveals the final two pillars of the #BCTECH Strategy: deepening the B.C. talent pool, and making it easier to access markets. It builds on the foundation established with the creation of the $100 million BC Tech Fund, announced on Dec. 8th, which provides access to capital for promising tech companies. Further details about today’s announcement are available on the #BCTECH Strategy website: https://bctechstrategy.gov.bc.ca/
The Strategy includes 50 actions the Province is taking to bolster our burgeoning tech sector, some highlights include:
- Government has committed to ensure 25% of post-secondary’s operating grants are used for programs related to in-demand occupations including more focus on technology jobs;
- B.C. Completion Grants for students completing programs related to the technology sector;
- Hands-on experiences for students by ensuring new technology-related degree programs include co-operative education or work-integrated learning components;
- New K-12 curriculum that will provide every student with the opportunity to learn coding by the end of Grade 9;
- Funding for a foreign qualifications recognition project that will help new immigrants fit their skills into alternative, in-demand careers in B.C.’s technology sector;
- Making it easier to sell to government though continued streamlining of procurement processes, modern procurement tools and collaborative approaches;
- Improved reliability of high-speed internet access for northern and coastal communities;
- Making it easier to find and use services offered by government that equip businesses to expand and sell to new markets.
The technology sector has become a major engine of economic growth in British Columbia – no matter where you live in the province, or what you do, your life is affected by technology.