There are millions of dollars in government grants, tax credits, and R&D subsidies available for your business. But how do you access that money properly? Done right, it can be a powerful source of fund that won’t dilute your shareholders. Done wrong and it can be a disastrous waste of time and energy.
George Palikaras shares with us how he was able to attract world-class partners, raise millions in grant funding, and finance his R&D with non-dilutive capital. There is a significant level of due diligence and scrutiny required, but government funding can provide valuable validation for conventional debt or equity investors.
George Palikaras is the founding President and CEO of Metamaterial Inc., which is listed on the CSE under MMAT. George was able to finance much of the R&D and early commercialization of his company with non-dilutive capital. This type of funding is often overlooked as an opportunity to raise capital that doesn’t ever hit your cap table. This is very important because once a company share is issued, good luck getting it back!
In this episode, George Palikaras shares his perspectives on this topic. He also tells us where Canada stands and the programs our government makes available for research and development in the technology space. It is important to note that raising capital through grants, government agencies, and even partner organizations, doesn’t come without a lot of work and risks.
There are millions of dollars available for teams that demonstrate their potential. George explains how he was able to protect his IP, raise millions of dollars in grant money for research, development, and the commercialization of his company. He also shares a bit about his company, Metamaterials In.c, what metamaterials are, and the power of utilizing light and other forms of energy in new and amazing ways.
