Case Study: How a Software Developer Secured Over $1 Million in Grant Funding for Workforce Expansion
Adapting to industry shifts often requires bold transformations—and funding to match. In this case study, discover how Ayming Canada helped a software developer secure over $1 million in non-repayable government grant funding to facilitate their transition to a SaaS business model.
Context and Challenge
Sector: Software Development
Funding Category: Training & Hiring
To remain competitive, the client planned a significant transformation of their business model, transitioning to selling software as a service (SaaS). Achieving this goal required hiring and training 459 employees while creating 220 new positions.
However, optimizing their funding strategy posed a unique challenge. With salaries already subsidized through an e-business tax credit, the client needed to synchronize grant programs and tax credits—a complex undertaking.
Ayming’s Approach
Ayming employed a comprehensive and client-focused strategy to maximize funding potential:
- Program Alignment: We identified grant programs that aligned with the client’s hiring and training needs. This ensured all eligible expenditures were accounted for.
- Tax Credit Optimization: By analyzing legal references and collaborating across departments, we successfully synchronized tax credits and grant programs to avoid redundancies and maximize funding.
- Client-Centric Solutions: Our team mobilized expertise across disciplines to address the client’s unique challenges. This ensured every detail of the application process was handled efficiently.
Through this meticulous approach, Ayming not only optimized the application, but also built a foundation for the client’s continued success in navigating funding opportunities.
Delivering Results
Ayming’s efforts led to remarkable outcomes:
- Over $1 million in non-repayable grant funding secured for hiring and training initiatives—covering more than 25% of total project costs.
- Ongoing Support: Beyond the initial grant application, Ayming continued to work closely with the client. This included addressing new funding challenges and opportunities.
- Innovative Expertise: Our team developed new methods for synchronizing tax credits and grants, providing a template for future success.
Partner with Ayming for Funding Success
This case study highlights Ayming Canada’s innovative approach to solving complex funding challenges. With our expertise, businesses can transform ambitious goals into reality.
Contact Ayming today to learn how we can help your organization unlock government funding for growth, innovation, and success.
Contact us today!
One of our experts will be in touch shortly.
No Comments