Financing innovative small and medium-sized enterprises in Canada : Financement des petites et moyennes entreprises innovatrices au Canada : document de recherche

For example, the median amount of debt financing authorised for innovative SMEs was CAD$ 20 000, indicating that 50 percent of innovative SMEs received less than CAD$ 20 000 and 50 percent of innovative SMEs received more than CAN$ 20 000, whereas the average amount of debt financing authorised for innovative SMEs was CAD$ 51 181. [...] Although the average amount of equity financing received by innovative and non-innovative SMEs did not differ much (CAD$ 466 315 versus CAD$ 447 183), the amount of equity financing received by innovative SMEs represented 44.3 percent of the total financing received, whereas the amount of equity financing received by non-innovative SMEs represented only 8.7 percent of the total financing received. [...] Using data from the SME Financing Data Initiative Survey on Financing of Small and Medium Enterprises, 2004, this paper has profiled innovative SMEs along a range of characteristics and examined whether they differ from non-innovative SMEs in terms of access to financing and financing terms and conditions. [...] The first two digits designate the economics sector, the third the subsector, the fourth the industry group, the fifth the NAICS industry and the sixth the national industry.