It is no secret to entrepreneurs, startups and other companies that Fundica’s free online finding funding tool can be of invaluable assistance. For those looking to gain funding outside of the family and friends realm, Fundica’s tool has been recommended by successful businesses in Canada. 

Prior to gaining $1.8 million in funding through government grants and investment, Brayton Energy used Fundica’s services, consulting with founder Mike Lee about all their options.

“Anyone looking for a one-stop shop will find everything they need at Fundica and they will probably find more than they need,” said Eric Delisle, financial manager at Brayton. “It’s a great site with all the basic information any entrepreneur or company could dream of finding.”

Brayton Energy is a Gatineau-based research and development (R & D) firm that specializes in heat exchangers. Although they originally started with just one employee- president Antoin Corbeil- the clean tech company has grown to 24 employees since being founded in 2008.

Their engineers have extensive experience with innovative designs for many small and large-scale energy projects, spanning hybrid gas-turbine vehicles, renewable energy systems next generation nuclear and more. Brayton’s engineering team members have studied, published and worked extensively to help companies gain a competitive advantage through our expertise in: novel heat exchangers, gas turbines, utility-scale solar power plants, innovative coating technologies, and mechanical systems.

After consulting with Fundica Brayton successfully applied for and gained government funding, including a small business loan in 2010 from the National Research Council of Canada for $30,000. Then in October 2012 Brayton received $400,000 from Economic Development Agency of Canada for the Regions of Quebec, which allowed the engineering firm to acquire state-of-the-art equipment and launch production of a new product developed through its R-D activities. Along with funds from Investment Quebec and the Business Development Bank of Canada (BDC), as well as $600,000 of their own investment, the total amount needed for the project amounts to over $1.8 million.

“If we didn’t have the support of R & D tax credits, if we didn’t have support of the BDC, if we didn’t have the support of Investment Quebec, we would not be where we are today,” said Delisle. “Mike showed us towards Fundica and told us what it could do, and being curious and looking for financing we went there and we found everything with all the details for the various programs.”

Brayton is using the funding design and manufacture heat exchangers adapted to the needs of its clients in the energy and transportation sectors. Over the next few years, Brayton Energy Canada Inc. expects this project to result in the creation of some 20 jobs and that 90% of its output will be exported.

Fundica was proud to have played a role in enabling a high-potential and fast-growing Canadian company like Brayton to access the funding they needed.