All projects require funding – usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Sources of funding that we often see both in our own company and with our clients are savings (revenues from existing projects) credit (essentially a loan that needs to be paid back over time), venture capital (investment in exchange for ownership of the company), donations (typically for charity), grants (non-repayable funds, usually from government), and crowdfunding (many small investments in exchange for potential profits or ownership).
As we continue to explore the Indigenous, Innovation, Entrepreneurial, Not for Profit and Healthcare sectors we are increasingly exposed to the fund application process. Canada as a country, as well as many philanthropic organizations within Canada, are investing in the future of our country. This means billions of dollars going towards efforts to build Indigenous reconciliation, to support tech and healthcare innovation & entrepreneurship, and to close the gender gap.
Troon is committed to understanding the funding process and building the necessary connections so we can work with innovators to create solutions that will help create a better future.