Flow Ventures Partner, Bryan Watson Named Clean50 Award Winner

“Canada’s Clean50 Awards are announced annually by Delta Management Group and the Clean50 organization to recognize those 50 individuals or small teams, from 16 different categories, who have done the most to advance the cause of sustainability and clean capitalism in Canada.” says Gavin Pitchford, CEO, Delta Management Group, who steward the awards.

To receive a Clean50 award is truly indicative of Bryan’s leadership, both within the organization and within the category in which Bryan was awarded; Angels: Investors & Eco System Support.

As a growing number of cleantech companies across Canada continue to push the limits of the technologies that can help mitigate the impact of climate change and other environmental challenges, access to capital is an ongoing problem for these innovators.

Flow Ventures set out on a mission to help ensure that they are able to maximize the claims that they are entitled to through the Federal Government’s Scientific Research & Experimental Development (SR&ED) program. 

“For years, before joining Flow Ventures, I saw companies struggle to substantiate their SR&ED claims in CRA audits,” says Bryan Watson, partner at Flow Ventures and 2021 Clean50 Award recipient. “Access to capital is already a challenge cleantech companies face. When I saw them struggle to survive after a lost CRA SR&ED audit due to a lack of evidence, I considered this a travesty.

Award-Bryan-Watson

“In 2019, we decided that we had to help the cleantech ecosystem and committed to initiatives to support the cleantech community, including signing on as a founding member of the Ontario Clean Technology Industry Association,” he adds. 

Establishing and maintaining the evidence that substantiates SR&ED is a key aspect of mitigating the risk that a SR&ED claim is denied or reduced by CRA, he explains.

“Some detractors may think such a task is daunting and time-consuming, but the robust yet easy-to-implement SR&ED regime developed by Flow Ventures is the type of service Canada’s cleantech visionaries can utilize to maximize their claims, thus allowing them to potentially access different sources of capital and focus on ensuring we see a greener, cleaner world in the future.” 

This risk mitigation provides companies with potential financing options since it helps to inspire confidence in lenders about the quality of the SR&ED claim. 

“A strong SR&ED claim is an asset,” says Peter Baily, partner at Flow Ventures, based in Montreal. “Done right, it provides companies with additional financing options, but it must be done right with a robust process.”

As Canada’s premier SR&ED consultancy firm since 2006, Flow Ventures continues to play an integral role in supporting innovation across Canada. With the team of highly skilled and seasoned senior technical SR&ED writers and financial experts that have we have at Flow, we are looking forward to making bold moves and solving real-world issues when it comes to sustainability through growth capital solutions. Thank you to our clients who continue to believe in and collaborate with the Flow Ventures team.

 

About Flow Ventures:

Flow Ventures helps small – medium- and large enterprises across Canada navigate the technical and financial intricacies of the SR&ED program by employing a unique real-time documentation and client fulfillment process, as well as a customized data analytics methodology built by decades of specialized expertise to minimize risk and maximize eligible SR&ED claim returns.

We work to save you: time, money and valuable human capital. Whether your company is securing grants and tax credits like SR&ED, raising financing, or planning strategic growth or exit, the Flow Ventures team is at your disposal.

For further details on Flow Ventures, please visit www.flowventures.com or contact us at 1-866-322-3569 or send us an email at info@flowventures.com.

 

About Delta Management Group / Canada’s Clean50:

Leading sustainability and clean tech search firm Delta Management Group in 2011 founded, and remains the steward of the Canada’s Clean50 awards. The awards were created to annually identify, recognize and connect 50 sustainability leaders, 10 Emerging Leaders and Top 20 Projects from every sector of Canadian endeavor. The firm also annually convenes the Clean50 Summit, in order to facilitate understanding, collaboration and innovation in the fight to keep human caused climate impacts below 1.5 degrees.

To learn more about Canada’s Clean50, visit www.clean50.com.

 

Delta Management/Canada’s Clean50 media contact:

Gavin Pitchford

416-925-2005 x2300

gpitchford@deltamanagement.com

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