Thoughts on aligning a search fund with government budgets in Canada for next year?

by a searcher from Staffordshire University

1 year ago

I'm debating offering consulting to search funders on how to align their searchers with future government budgets and grants available in Canada. Examples
- Infrastructure for electric cars (recharging stations for cars and heavy duty/commercial vehicles). 
- Education to help the adoption of heavy duty electric cars (this funding closes soon so may not apply). 
- automotive repair shops that can help with retrofitting of boat tails, cab heaters, auxiliary power units (will be funding for it next spring). 
- Private colleges that can offer training to the types of trades workers needed by these businesses. 

Thoughts on aligning a search fund with government budgets for next year? Is that thinking too 'short-term' and not advised? Or smart?

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lender from McMaster University - DeGroote School of Business

Hi Caroline, Absolutely, aligning a search fund with government budgets can open up unique opportunities. One significant program to consider is the ISED's initiative offering a 5-year, 0% interest working capital loan up to $100K from BDC. This could be particularly beneficial for search funds targeting sectors prioritized in the government's budget. Please reach out if you'd like to learn more about leveraging this opportunity.

9 months ago | like reply | 0 likes

searcher from Staffordshire University

To clarify, I don't mean the gov con space, I mean industries that benefit from government subsidies the most. What I mean is focusing the search on areas you know government is putting public money into. For example, any business that helps people learn a skilled trades, business related to converting commercial /heavy duty vehicles into electric ones, and business related to charging stations for EV's.

1 year ago | like reply | 0 likes

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