Creating Cash Flow in a Recession – from $5K to $130K

Rizwan Kheraj of NRC-IRAP was the keynote at last night’s VEF Momentum “Stimulus” event and all reports are that Riz provided some very valuable information and insight.

Slide #11 sums it with a hypothetical young entrpreneur leveraging government programs creatively to turn $5,000 into $130,000. End result: Beta built, targeted customer consulting compete, technology validated, and business model shipshape.

Related side note: Earlier this week the Government announced that the Canada New Media Fund (a line item in Riz’s presentation) is being combined with the Canada Televison Fund to the tune of $135 Million annually. The New Media Fund subsidizes digital media development and is also a great resource. No word yet on who will be administering the fund but our bet is that Telefilm is out and that it will be included in the revamped Canadian Culture Online programs.

Thanks to Danny Robinson of Bootup Labs for uploading Riz’s deck.