Prepared by Inflection Venture Partners · Embedded Growth Capital Advisory
Non-Dilutive Funding + SR&ED
📋 July Recap
DeliveredFunding Pipeline Review & Strategic Outlook delivered Jul 22. Eighteen applications developed and submitted to date, twelve currently awaiting decisions, representing approximately $4,056,819 in potential funding — roughly $905,500 risk-adjusted against fees invested to date.
SubmittedNATO DIANA — Responsive Logistics submitted ($160,000) on the Jul 2 deadline, with both short-form and long-form proposals.
SubmittedShift Impact Grant submitted ($40,000), also on Jul 2.
SR&ED positioned as the highest-ROI action available. The Jul 16 scan confirmed Bill C-15 (royal assent Mar 26, 2026) restored capital expenditure eligibility for property acquired after Dec 15, 2024. FY2025 ($6,819) is prepared and ready to file, held pending the accounting transition; FY2025 must be filed before FY2026 can be prepared, and FY2026 is anticipated to be materially larger.
Three new programs added to the tracker:EPRI Incubatenergy Labs Challenge (paid 8–16 week demonstration projects with member utilities), NYSERDA Grid Enhancing Technologies (up to $3M/project at 50% cost-share), and CEC DEBA — Distributed Electricity Backup Assets, opening soon.
Two funding scans delivered (Jul 2 and Jul 16). The Jul 16 scan also cleared the board of several non-starters — CanExport SMEs, PacifiCan BSP, CleanBC Clean Industry Fund, US SBIR/STTR and CPUC DRAM are all confirmed out on eligibility, and the BC ICE Fund targeted call closed Jun 15 with the next round around May 2027.
🔭 August Outlook
ESTCP Open Topics BAA closes Aug 28 — $750,000. The next Open Topics call is roughly a year out, making this the most time-sensitive item on the board.
EPRI Incubatenergy Labs and NYSERDA GETs are actionable immediately — both are green-light-now items from the pipeline review.
File FY2025 SR&ED with the new accountant. The CRA deadline is Oct 31, 2026, and filing unlocks the much larger FY2026 claim.
NGIF Global Gas Innovation Call — $500,000 decision. Due diligence is complete and the announcement was expected in July.
FortisBC business case is through director sign-off and into procurement, with launch expected around September.
Scope the two-track approach on the Alberta data centre opportunity — Elastic as prime for Alberta development funding, or as subcontractor under a larger prime targeting emissions-reduction capital.