The Funding Portal

The Funding Portal Inc. (Fundingportal) is a privately owned Canadian corporation that offers services and software solutions for grants and incentives management processes for applicants, funders, and advisors. It is the creator of Fundsearch, an AI-powered database of 21,000 sources of government funding and private capital for businesses, universities, hospitals, charities, and nonprofits in Canada, the United States, and the United Kingdom. Government grants, incentives, and tax credits aggregated in its Canadian Fundsearch database disburse approximately $30 billion in funding on an annual basis.[1] In 2015, it reported attracting 17,000 users per month. The company’s main headquarters are in Toronto, but Fundingportal also has staff in Montreal and offers services in three countries.

History

Fundingportal was founded July 11, 2011 by Canadian lawyer Teri Kirk, who acts as its President.[1] The company raised financing from private and angel investors.[2] At that time, it launched its Fundsearch database of what was then 7,000 government funding programs and sources of capital. The capital markets section of the search engine, which includes more than 2,500 sources of financing, including bank, angel, venture capital, and private funders, launched in 2012.

In April 2012, the Canadian branch of KPMG became a partner of Fundingportal[3] to broaden its offerings to tax incentive clients. The company later entered into license agreements with 19 organizations, including Canadian Manufacturers & Exporters, MaRS Discovery District, the Mississauga Board of Trade, BIOTECanada, the National Angel Capital Organization, the Information Technology Association of Canada, and the Canadian Network of Asset Managers (CNAM).

In May 2014, Fundingportal was registered by Canadian regulatory authorities as an Exempt Market Dealer (EMD) portal able to assist companies into both sources of government funding and capital markets.[4]

Services

In addition to Fundsearch, which employs AI to match businesses with investors and to keep fund and disbursement data up-to-date, Fundingportal also offers big data reports and grant writing services. Its software solutions include the Fundsuite Grants Management System (GMS) for funders and the Fundsuite Incentives Management System for applicants and advisors. Fundingportal also releases a weekly newsletter, FundNews, however the quality of the content varies widely.

References
  1. "Vouchers hook businesses up with academics". The Globe and Mail Jacob Serebrin July 15, 2013
  2. "The Funding Portal gets angel round from Ottawa investor",. Ottawa Business Journal. Ottawa, Ontario, Canada, 17 October 2011. Retrieved on 11 April 2012.
  3. "KPMG and The Funding Portal transform delivery of industrial support programs". The Financial Post. 9 April 2012. Retrieved 11 May 2012.
  4. Techvibes."The Funding Portal Becomes First Online Exempt Market Dealer, Eyes Equity Crowdfunding", Jacob Serebrin, 31 May 2014. Retrieved on 14 May 2015.
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