Over $380,000
in Government Grants
How Impact Applications helped Bitcoin Well, a Calgary-based financial technology company, secure $380,000 in Canadian government grants through full-service grant management.
$380,000
Total Secured
$130,000
IRAP Project 1
$250,000
IRAP Project 2
The Challenge
The funding was there.
They just didn't have the time, knowledge, or desire to chase it.
The Problem
Bitcoin Well was scaling its FinTech platform and ATM network as a public company, but had no visibility into which government grant programs they were even eligible for, and lacked the time and specialized knowledge to execute on them. That's where we came in.
- Platform development, regulatory alignment, and scaling technical operations in a rapidly evolving FinTech industry demanded full leadership focus, leaving no bandwidth for grant management
- IRAP applications required detailed technical narratives and eligibility analysis that internal engineering and operations teams were not equipped to produce
- As the platform scope evolved with new development milestones, ongoing claims management and compliance reporting created a significant administrative burden
- Without a dedicated internal grant function, the risk was delayed funding, missed reimbursements, and underutilized non-dilutive capital
Our Solution
Impact Applications stepped in as Bitcoin Well's dedicated grant department, handling every program from application through final claim so their leadership could stay fully focused on building their platform and growing their network.
- Designed and managed a multi-year IRAP funding roadmap aligned with Bitcoin Well's technical development plans
- Handled all eligibility analysis, application writing, technical narratives, and contribution agreement coordination
- Managed all claims preparation, reimbursement tracking, and government communications end-to-end
- Produced all technical documentation required by IRAP so Bitcoin Well's engineering teams never had to divert time from product development
- Acted as Bitcoin Well's fully outsourced grant department: one point of contact for every program, every deadline, every dollar
"For Bitcoin Well, every hour spent on grant paperwork was an hour not spent on product, security, or regulatory execution. We made sure they never had to choose between the two."
Grant Breakdown
Every Dollar. Every Program.
Click each year to see exactly which grants were secured, how much was awarded, and what they funded.
IRAP Project #1
$130,000
NRC Industrial Research Assistance Program (IRAP)
Subsidize technical employees and support core platform development
IRAP Project #2
$250,000
IRAP Innovation Project (3rd Project)
Support continued innovation, engineering expansion, and advanced product development. Contribution Agreement signed.
Total Approved Funding
$380,000
Business Impact
What $380K Actually Unlocked
Real outcomes for a real company scaling Bitcoin and FinTech infrastructure across Canada.
$380,000 in Non-Dilutive Funding
$380,000 in Canadian government grants secured. No equity given up, no debt taken on.
Technical Development 80% Funded
$380,000 in IRAP funding subsidized technical employees and supported core platform development.
Zero Hours Lost to Grant Admin
Bitcoin Well's engineering and operations teams never touched a claim form, progress report, or government email.
Multi-Year Funding Roadmap
A structured IRAP funding strategy ensured each project flowed seamlessly into the next, with no gaps in funding.
Full Compliance Management
All claims, reimbursements, and reporting handled end-to-end. Bitcoin Well maintained full compliance with zero internal burden.
Why We're Different
Not a Grant Writer.
Your Outsourced Grant Department.
Most grant writers hand you a finished application and call it done. We stay in. We architect multi-year funding strategies, manage government approvals, oversee compliance, and ensure funding progresses seamlessly alongside product development, without distracting your team.
Multi-Year Funding Roadmap
We design a long-term strategy that evolves as your business grows, not one-off applications.
Grant Stacking Strategy
Wage subsidies, innovation grants, and R&D programs are layered and sequenced for maximum impact.
Application Writing & Submission
Expert grant writing with compelling narratives tailored to each program's criteria.
Government Coordination
We manage all communication with IRAP, Alberta Innovates, and other agencies on your behalf.
Claims & Reimbursement Tracking
Full claims preparation ensures your funding is received on time without gaps.
Ongoing Compliance Management
Continuous compliance monitoring so your funding is never at risk.
Ready to Unlock Grants for Your Company?
If you're building something in FinTech, technology, or innovation, there's likely significant government funding available to you right now. We'll find it, secure it, and manage it so your team never has to think about it.
- Non-dilutive government funding. No equity, no debt, no strings.
- We own every step: applications, claims, amendments, and reporting.
- Specialized in technology and innovation-driven companies across Canada.
Bitcoin Well didn't chase grants. We did that for them.