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What’s going on in Waterloo?

By Francis Moran

Regular readers of this blog will know that I spend a fair bit of time in the Waterloo region where both the buzz and the substance of the startup scene seem to get louder and more solid every day. (And before folks in Ottawa think I’m ignoring my hometown, let me acknowledge the high-energy, very high-volume event at The Hub last night where the Capital Angel Network brought together an extraordinary collection of entrepreneurs, angel investors and an encouraging cross-section of the local ecosystem. I left quite hoarse from all the fantastic conversations I had, many of which revolved around great things happening on the Ottawa scene.)

I spent much of last week in Kitchener-Waterloo, however, and, as always, came away with a bunch of favourable impressions.

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  • Phil : I agree, but I think that the author missed one of the elephants in that room.. Those SR&ED claims are substantiated by technical people, but they are verified not by engineers, but to a large degree by.. BUREAUCRATS, indifferent officials. If an engineer/researcher want's to make a 'paper claim' and get back real money, it is not only very difficult for an official to check whether this claim is real expense on a real reasearch risk or just a legal loop-hole to cut the taxes, but it's also not quite motivating for that official to do so - he is not a professional in that field, so for him the main thing is that the field form looks like it is supposed to look. So the system can just produce lots of houses of cards on the one hand, and to breed the culture of fictitious engineering and research on the other hand. So the whole story is not only about marketers but also about those very technical people who make and spruce up those claims.

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