Following the announcement of our new Professional Service Partnership Program, the Emergence program’s new Expert Education Program (EEP) launched: first with an IP workshop hosted by Emergence, Borden Ladner Gervais, and followed with a “Capital Strategy for Start-ups” seminar hosted by Partner, Grant Thornton.
This “full-to-the-rafters” session took place at the Grant Thornton Boardroom in Charlottetown, and provided entrepreneurs with an introduction on to how to optimize their capital structure for future growth.
Participants learnt how a good capital structure can help attract investors to an emerging bioscience company.
Through the Professional Service Partnership Program, Emergence has partnered with leading providers of professional financial, legal and IP services to support our clients’ growth.
The Program – known as PSP2 – further strengthens the support offered by Emergence to our client companies.
According to Emergence Director, Martin Yuill, “The focus of the Expert Education Program is on providing Emergence clients with a range of value-adding educational roundtables, workshops and seminars, all designed to enhance the business skills of Canada’s bioscience and food entrepreneurs.”
Participants at the Grant Thornton seminar learnt how the capital structure of a company defines how it finances its overall operations and growth by using different sources of funds.
While debt and equity are commonly part of that capital structure, equity is a start-up’s lifeblood. And, just as with any other element of building a successful business — putting the right team in place, setting and hitting milestones, and effectively managing cash — developing your capital strategy is an important piece to get right.
In fact, a company’s capital structure is arguably one of the most important choices that a new start-up will have to make.
Participants got to hear how start-up company founders need to aim to put in place a “clean” capital structure for their ventures. This is particularly true for any start-up that will eventually seek outside investment.
The formal presentation was followed a question and answer/ discussion period, and a cheese and wine networking session, generously sponsored by our hosts, Grant Thornton!
The Presenters included:
- Trevor Kennedy, CPA, CA – Partner, Advisory
- Darren MacAleer, BBA, CPA, CGA, CIM – Senior Associate, Advisory
- Travis Gallant, BBA, CPA, CA – Senior Manager, Tax
About Grant Thornton
Grant Thornton’s advisory and tax professionals are passionate about helping bio companies succeed. The start-up and early growth phases are often the most difficult period and require the owners and managers to educate themselves about many areas of business including accounting and finance. Grant Thornton’s team enjoys educating clients about these topics and helping them comply with stakeholder requirements. Grant Thornton is one of the world’s leading organizations of independent assurance, tax and advisory firms with over 31,000 Grant Thornton people across 100 countries around the world.
About the Expert Education Program
The Expert Education Program (EEP) is an initiative of the Emergence incubator. It is designed to deliver a range of value-adding educational roundtables, workshops and seminars to enhance the business skills of Canada’s bioscience and food entrepreneurs.
The Expert Education Program forms part of our Professional Service Provider Program, which provides support specifically to bio innovators and entrepreneurs.
Through the Professional Service Provider Program, Emergence has partnered with leading providers of professional financial, legal and IP services to support our clients’ growth.