Mhefeeda at 20:16, 3 July 2008

2008-07-03T20:16:04Z

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This documents contains information about [http://irap-pari.nrc-cnrc.gc.ca/main_e.html '''IRAP''']

* Important: IRAP is a cost sharing program. That is, our company '''must''' find other sources of money in order to get the match from IRAP. IRAP '''reimburses''' up to 50% of the salaries, on month-by-month basis. Requires monthly reporting.

* Our contact in Vancouver is Neil Baily (advisor): (604) 666-0282.

'''From the meeting with Neil on July 3, 2008:'''

* Our work on scalable coding can be an IRAP project, but we need to find money first, either from.
** Angel VC. Neil will contact some people who might be interested. He mentioned Stanley Loh who funds a company called [http://www.eventechnologiesinc.com/ Even Technology] in Vancouver, which develops a proprietary video coders. He also mentioned Vancouver Angel Forum, in which we can present for 15 minutes before several Angel Inverstors. There is a few hundred dollar registration fee. He will send me the info.
** Funds from ourselves or family & friends. He mentioned that there are several tax benefits (RSP, rebate from the BC government, etc). At the end one may get a large portion of the contribution. Need to check with an accountant.

* Neil mentioned the IRAP Youth program, in which we can hire (full time) a new graduate and IRAP will contribute up to $15k for the first six months. (again reimbursed monthly). Could be useful.

* Also IRAP can co-fund (50%, up to $15K) hiring a third party consultant to do market assessment, e.g., pricing structure etc.

* Neil will double check the rules for I2I and whether I can apply. He feels this is a good option in the current stage, provide the rules allow it.

* Neil will send me a template for an IRAP project, although it a bit early for us. But it is a good idea to complete at least the technical parts.

* IRAP may get more money by September of October, it depends on the approval of the Parliament.

'''Summary: The biggest thing for us is to find some initial money!'''

VS:irap - Revision history

Mhefeeda at 20:16, 3 July 2008