Over $380,000 in Government Grants
Impact Applications helped Bitcoin Well, a Calgary-based FinTech company, secure $380,000 in NRC IRAP funding across two projects ($130,000 and $250,000) by acting as their fully outsourced grant department with zero internal admin burden.
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
Every dollar. Every program.
2 programs, secured and managed together, adding up to $380,000.
NRC Industrial Research Assistance Program (IRAP)
IRAP Project #1. Subsidize technical employees and support core platform development
IRAP Innovation Project (3rd Project)
IRAP Project #2. Support continued innovation, engineering expansion, and advanced product development. Contribution Agreement signed.
The impact
$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.
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.
Not a grant writer. Your outsourced grant department.
We lead strategy, research, application development, submission, claims, and reporting from start to finish, so your team never has to.
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 export programs are layered and sequenced for maximum impact.
Application writing and submission
We know what gets approved and what doesn't. Every application is built to win.
Government coordination
We manage all communication with IRAP, Alberta Innovates, and other agencies on your behalf.
Claims and reimbursement tracking
Full claim preparation ensures your funding is received on time, without gaps.
Ongoing compliance management
Continuous compliance monitoring so your funding is never at risk.
Bitcoin didn't chase grants. We did that for them.
If your business is building, hiring, or expanding, there is likely significant government funding available to you right now. We will find it, secure it, and manage it, so your team never has to think about it.