Quebec Technology Association

Quebec Technology Association

October 16, 2014 07:30 ET

AQT Creates a $10 M Fund to Alleviate Long Delays Associated With Government Tax Credits

Established in conjunction with partner FINALTA CAPITAL, the fund eliminates claim processing delays to ensure stable working capital for AQT members

MONTREAL, QUEBEC--(Marketwired - Oct. 16, 2014) - The Quebec Technology Association (AQT) has just announced the creation of a tax credit fund, established by FINALTA CAPITAL, in support of its SME members. The creation of this fund will lead to shorter waiting times of refunds for businesses that qualify for tax incentives for scientific research and experimental development (SR&ED), electronic business development (CDAE) and the production of multimedia titles.

AQT's $10 million tax credit fund is a boon to the businesses that will benefit from it. Each year, businesses in ITC sector are required to invest heavily in development and marketing. Reducing waiting times for receiving tax credits will enable them to plan the actions required to optimize their business operations more effectively, a key factor in their ability to compete.

"AQT's tax credit fund is a major asset for our Association; it's a tool for developing and supporting SMEs in ICT sector, many of which endure delays of several months, forcing them to be idle rather than active," said Nicole Martel, AQT's CEO.

"AQT is made up of businesses that have a long history of success. Thanks to the attractive terms offered by FINALTA CAPITAL, these firms will now achieve new levels of competitiveness by bringing their innovations to market faster," explained Maxime-Jean Gérin, CFA, President and CEO of FINALTA CAPITAL.

For more information about eligibility criteria and financing terms, click here (in French only).

About the Quebec Technology Association (AQT)

The Quebec Technology Association (AQT) promotes the visibility of innovative SMEs in the ICT industry at a provincial scale, while acting as a sector representative. The AQT supports CEOs and their executive teams in their business growth and development, by providing them a real toolbox. Now the largest ICT business network in Quebec, the AQT is a non-profit and self-funded organization representing more than 500 corporate members and members by affiliation. The association provides local and international networking opportunities, improvement tools and benchmarking. The building blocks of success! For more information, visit http://www.aqt.ca/en.

About FINALTA CAPITAL

Established in 2007, in 2012 FINALTA CAPITAL became a subsidiary of Groupe Centria, one of the largest specialized lenders in the field of residential construction. The management team, hailing from an institutional background, provides a robust and transparent financial framework. Within this framework, FINALTA CAPITAL's streamlined structure allows for expedient, easy processing with no surprises. With access to significant capital, FINALTA CAPITAL can offer loans ranging from $250,000 to $5,000,000. For more information: www.finaltacapital.com

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