Tech Innovation Financing Alternative

Creators of technology, whether financial services software, biotechnology, data analytics solutions or otherwise, know how extremely expensive those development costs can be.

Entrepreneurs and established corporations alike share the burden of having to find a constant flow of R&D investment to feed the hungry beast of innovation.

Recognising that technology innovators constantly search for new sources of financing, there may be a relatively untapped strategy to secure equity financing from Canadian investors, thanks to the Canada-Bermuda Tax Information Exchange Agreement.

When the TIEA came into force on July 1, 2011, it allowed both jurisdictions to share tax-related information with each other, and Bermuda was granted the status of "designated treaty country" by Canada.