Don’t be desperate for venture capital funding. You might be able to do without it.
Lack of capital is a common complaint of Canadian technology startups, but what if you could find a way to grow your business without outside funding?
It sounds like a monumental challenge, but it’s one that Uberflip was able to overcome and grow into a 19 employee firm with more than 650 paying customers. The multi-platform service for converting PDF files into Flash or HTML5-based interactive digital publications has accomplished this in just three years. In a blog post, chief operating officer Randy Frisch shares five tips on how other startups can emulate that success.
Startups with a business-to-business focus are more likely to be able to bootstrap early growth, Frisch writes. One of the major ways to make it happen are to tap government grants and funding available to startups. Based in Toronto, Uberflip has benefited from the federal SR&ED program, IRAP, and Career Focus.
Read all of Uberflip’s advice on its blog.