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Best Practices:
On this page we will feature from time
to time interesting practices that various Research Partners have adopted.
You may find them useful. If you have any strategies that you think others
would be interested in, please drop us a note at
info@arrowcan.com
June 9, 2006
KINGSTON, ON -- PARTEQ Innovations, the technology transfer office of
Queen’s University, is pleased to announce the launch of an innovative
financial service for its spin-off companies.
Recognizing that emerging companies regularly face short-term cycles of cash
surpluses or shortfalls, PARTEQ Treasury Services will assist its startups
in managing these fluctuations by offering two unique financing instruments.
PARTEQ Treasury Services (PTS) will leverage its pool of existing resources
to offer more attractive interest rates than spin-off companies may be able
to secure by themselves on temporary surplus cash; PTS will also provide
short-term loans to spin-off companies, provided those loans are secured by
the companies’ Scientific Research and Experimental Development (SR&ED)
Investment Tax Credits.
PARTEQ is the first technology transfer office in Canada to offer these
financing arrangements.
Details here.
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