2018-05-15 11:17:48 Running a Business English Increase the chances that your Build in Canada Innovation Program (BCIP) application is accepted by including a technology testing partner.... https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/04/Technology-Testing-Partner-Explaining-Ideas.jpg https://quickbooks.intuit.com/ca/resources/business/technology-testing-bcip-application/ Strengthen Your BCIP Application With a Technology Testing Partner

Strengthen Your BCIP Application With a Technology Testing Partner

1 min read

As a small business owner, you likely do all that you can to innovate and make your business more competitive. As part of this, you might have heard of the Build in Canada Innovation Program (BCIP). If you plan to apply to this program, you can make your application much stronger with one simple step.

The BCIP is a program established by the government of Canada to promote the testing sale of new technologies coming to the market. Through the BCIP, small businesses like yours can sell their technologies to the different government departments for up to $1 million before the products actually make money in typical markets and become available to regular consumers.

The key to making your application to this project stronger is to include a technology testing partner as part of your application. Though you don’t need a technology testing partner to apply for the BCIP, having one should make your proposal process smoother and give it a higher chance of success.

There are three main benefits to having a technology testing partner. The first is that it shows that your technology already has support for its potential purchase due to adequate user testing. The next benefit is that your application into the BCIP gets accelerated since there is no need for a government department to test the technology independently through their "matchmaking" services. The third benefit of having a technology testing partner is that you receive useful feedback on the product faster than if you wait for government testing entity to try out your technology.

There are two broad categories of testers you can work with. The first are called Government of Canada-Specified Testing Departments, and the other is called Broader Public Sector Organizations. You can visit the government of Canada’s website to learn further details about these two different types of technology testing partners.

Overall, the BCIP application process can be strengthened by finding and using a technology testing partner that meets your needs. If you plan to apply to this program as part of your innovation efforts, be sure to look into this important step of the application process.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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