Showing posts with label funding. Show all posts
Showing posts with label funding. Show all posts

29 November 2017

Emerge - Portea Medical Raises US$26M in Series C Funding




Emerging company in India takes healthcare to the patient


Portea Medical is a 'Late Stage Venture' that operates across four major segments in the healthcare space -primary care, chronic disease management, elder care and post-operative care. The services offered include physiotherapy, doctor consultations, new mother-and-baby care, specialty pharmacy, nutritional wellness, diabetic care, surgery discovery and tele-consultation. Their mantra is 'Heal at Home'.
"In under five years, we have served over 2.5 lakh customers across 16 cities in the country. We look forward to further refining the paradigm for consumer-centric healthcare here," said Meena Ganesh, MD and CEO of Portea Medical. "With this funding round, we will add more depth to our services and consolidate our position," she added.
Portea works with over 50 leading hospital partners, 15 pharma majors and leading insurance companies, according to company information. The model may be replicated in other developing markets to lower the cost of health care delivery and improve the level of patient care.

According to Crunchbase the Series C investment round was lead by Sabre Partners and MEMG CDC and brings the total funding of Portea Medical to US$72,500,000.

WHY THIS IS IMPORTANT: Heal at home services are being facilitated by new technologies. The concept may have the ability to reduce or eliminate the cost and resource commitments of the legacy health campus (hospitals) in chronic or post-treatment scenarios.

18 May 2017

Grants Available to Fund Dog Parks

(pexels.com)
Communities around the United States can now submit an application for PetSafe® Brand’s seventh annual Bark for Your Park™ grant-giving program.

This year, PetSafe will award 25 grants totaling $275,000 - not only to help break ground on new parks, but also to help fund maintenance and updates of existing parks.

Since the Bark for Your Park grant-giving program was launched in 2011, it has provided funding to 52 off-leash dog parks.

“The Bark for Your Park program brought our community together to enhance our Bark Park. It was a citizen driven effort, and since the park re-opened in March of 2017, the dog owners who love to use the park are even more invested,” Lisa Davol, Deputy Director, Oconee County Parks & Recreation Department, a recipient of a $25,000 grant through the 2015 program, said in a release.

The 25 grants available through the 2017 Bark for Your Park program include five New Park Awards valuing $25,000 each, 10 Makeover Awards valuing $10,000 each and 10 Enhancement Awards valuing $5,000 each.

Bark for Your Park grant recipients can receive a combination of funds as well as commercial grade dog park equipment from UltraSite™, a PlayCore Company.

Communities interested in submitting a grant application for the 2017 program can learn more about the program and view the application and submission requirements on the PetSafe website.

Application deadline is June 30th.



22 January 2017

WELFARE - PetSmart Charities Increases Grant Opportunities

PetSmart Charities, the leading funder of animal welfare in North America, has an expanded mission and more grant opportunities for animal organizations.

Historically their grants have supported their mission to end pet homelessness, but they have expanded their scope to also include connecting pets with people.

The result is ten different grant categories under the organization’s four strategic areas of focus.

Preventing Pet Homelessness
To help decrease the number of pets entering shelters, PetSmart Charities now offers three grant categories to support programs and initiatives that proactively prevent pet homelessness and mitigate pet homelessness during family transitions.

  • Spay/neuter: Preventing unplanned litters through targeted spay/neuter programs and clinic development, free or low-cost spay/neuter surgeries, trap-neuter-return (TNR) efforts, as well as veterinary school initiatives.
  • Intake diversion: Keeping pets from entering shelters by making wellness clinics, as well as behavioral training and education more accessible.
  • Keeping pets and families together: Creating resources for families that are or may experience domestic violence, homelessness and/or Military leave and can no longer accommodate their pet.

Helping Shelter Pets Thrive
Many adoptable pets never find homes, facing euthanasia due to lack of capacity. By supporting organizations that provide resources, build capacity to care for homeless pets and focus on adoption, PetSmart Charities expects to enhance pets’ lives in shelters and help them find their forever homes.

  • Shelter management: Supporting best practices in areas such as mentoring, disease control and strengthening shelter infrastructure.
  • Pet transport: Supporting organizations that relocate adoptable pets to areas where the demand for pet adoption is high so they will have the best chance possible at finding their forever family.
  • Conferences and training: Funding enrichment programs and workshops for those working for and volunteering within the animal welfare industry.

Supporting the Bond between People and Pets
While there are many tales of how people save pets’ lives through adoption, there are also inspiring stories of how pets can save people. By supporting organizations that bring people and pets together to leverage the power of pets to enhance the human spirit, PetSmart Charities ultimately aims to end pet homelessness and drive awareness of the benefits of pet ownership.

  • Adoptions: Partnering with local animal welfare organizations to connect people with adoptable pets everyday at PetSmart stores or and at PetSmart Charities’ signature events, including National Adoption Weekends which are held four times a year.
  • Capacity building: Assisting with the construction, rebuilding or remodeling of animal welfare organization facilities that fulfill the needs of homeless pets.
  • Enhancing the quality of life through pets: Supporting programs that train pets to become service animals for military veterans or people with disabilities and for pet therapy programs in hospitals, schools, senior homes or with at-risk populations.

Providing Emergency Relief
In the event of a weather crisis and natural disaster, such as the Fort McMurray fires in Alberta, Louisiana Flooding, and Hurricane Matthew, the role of local animal organizations has been critical to providing immediate support in times of crisis. Temporary shelter, pet supplies and medical care are just some of the immediate needs of misplaced or abandoned pets.

  • Emergency relief and disaster response: Providing assistance in the event of a natural or man-made disaster during the rescue, relief and/or recovery stages.

Four grant categories are currently open for applications - Adoptions, Spay/Neuter,  Emergency Relief, and Conferences and Training.

The remaining grant cycles will be announced in February 2017.

Applicants must provide documentation verifying status as a 501(c)(3) organization for the US or registered charity in Canada.

30 October 2016

WELFARE - Canadian Federation of Humane Societies Reports Welfare Agencies Underfunded

Canadians care about animal welfare.

Animal cruelty has been punishable under the Canadian Criminal Code since 1892, although Canada’s animal cruelty legislation currently lags behind other jurisdictions.

The animal welfare sector remains an important part of Canadian society, but according to a comprehensive report by the Canadian Federation of Humane Societies (CFHS), the government consistently fails to provide adequate support through either funding or legislation.

“A well-resourced sector is essential to accomplish the task of protecting our most vulnerable animals from harm,” the report states.

Despite this need, and despite Canadians’ support for the animal protection sector, only 21% of 2014 revenue for the sector came from government funding and the majority of those funds came from municipalities.

The animal protection sector includes sheltering homeless animals, enforcing animal welfare legislation, and providing education and research on the links between animal abuse and the abuse of humans, including vulnerable groups such as women, children, and seniors.

Enforcement of animal protection and cruelty legislation varies depending on the jurisdiction, sometimes resting with police, RCMP or federal agencies, and often relying on Humane Societies and SPCAs.

Almost half (42%) of organizations in the animal welfare sector have a mandate to enforce animal protection legislation, with less than half of the costs for enforcing provincial and federal legislation covered by government funding.

This inadequate funding means that the majority of costs for enforcing animal welfare legislation fall on individual Canadian donors, who provide almost half of the funding in the sector.

Inadequate funding also means that the staff responsible for enforcing legislation are overworked and under-supported.

According to the report, “the majority of [Ontario SPCA] investigators work alone, covering huge territories and often working out of cell phone range with no information on the criminal history of those they are investigating.”

Just this week Zoocheck and Animal Alliance announced they have hired Mike Zimmerman, the former senior civil servant in charge of Ontario’s animal welfare legislation, to produce a report on the current state of animal welfare in the province.

“We believe our report will help the government fully understand that there are deficiencies in the system and take action to better protect animals in the province,” Liz White, Animal Alliance’s Director, said in a release.

Working as an animal protection officer is emotionally, mentally, and physically exhausting and is especially challenging when legislation is lacking and funding is sparse.

The lack of funding is particularly shocking because Humane Societies and SPCAs are, according to the CFHS report, “the only Canadian entities responsible for law enforcement that are not fully funded.”

The vast majority (93%) of Humane Societies and SPCAs shelter animals, and in 2014 these organizations sheltered more than 278,000 animals at a cost of $118.4 million.

As well, 67% of Humane Societies and SPCAs offer humane education in their communities, which can provide critical early intervention to interrupt and prevent the well-documented link between human and animal abuse.

The animal welfare sector provides Canadians with a set of services that are critical for a healthy and humane society, and it appears government funding is currently not meeting the need.

By Tiffany Sostar
Tiffany is a writer, editor, academic, and animal lover who came late to her appreciation of pets. At 18, a rescue pup named Tasha saved her from a depression and she hasn't looked back. She has worked as the canine behaviour program coordinator for the Calgary Humane Society, and was a dog trainer specializing in working with fearful and reactive dogs for many years. She doesn't have any pets right now, but makes up for it by giving her petsitting clients (and any dogs she comes across on her frequent coffee shop adventures) extra snuggles.

03 October 2016

BUSINESS - Crowdfunding is Overtaking Venture Capital

Crowdfunding refers to a growing phenomenon of funding a wide variety of projects through a large number of small donations from individual funders.

It sounds simple enough, but crowdfunding is turning traditional funding models on their heads, and the crowdfunding market is growing at an exponential rate.

It’s happening in a variety of ways, for a variety of purposes, but at the core of the crowdfunding model is the idea of community and individual engagement with larger projects.

Crowdfunding allows individuals who are not independently wealthy to participate in financially supporting research and projects they care about, and allows entrepreneurs who might otherwise struggle to attract capital to connect to their supporter base directly.

Crowdfunding has been present in artistic creation for centuries, and subscription models for book publishing are an early form of the financial exchange. Even Mozart and Beethoven used versions of crowdfunding to fund their compositions and concerts.

However, crowdfunding today is global and digital.

The online environment is an integral part of the crowdfunding movement, whether you mark the beginning of crowdfunding in 1997 with British band Marillion’s fan-funded tour, or in 2003 with the introduction of ArtShare to the digital world.

Contemporary crowdfunding is intricately linked to the development of mobile technology and social media, and one of the primary indicators of a project’s success is its ability to gain social media traction.

Amanda Palmer is an example of an artist who has successfully used social media and crowdfunding to move away from traditional funding through a label.

She has successfully Kickstarted an album and tour, and has described the relatively new site Patreon as Crowdfunding 2.0.

Looking at Patreon’s numbers it’s impossible to argue with the success of the platform. Creators were paid $6.1 million USD in May 2016 – a huge amount of money being paid to creators, with an average individual pledge amount of only $6.70 USD.

Unlike Kickstarter or IndieGoGo, Patreon pays creators on an ongoing basis, with funders pledging per creation.

Although Patreon is specifically for creatives, this model has potential for researchers and developers as well.

When crowdfunding fails, it highlights the risks associated with the model.

The Ubuntu Edge was an ambitious campaign that raised $12.8 million, but fell far short of its $32 million goal to develop a cutting edge phone.

The money put into the project – including marketing, design, and development – was not recovered and the $12.8 million was refunded to backers.

Crowdfunding offers an important alternative source of funding for creators and developers, but one main drawback is that while it provides individual engagement and investment in projects, it also demands that individual creators take on significant risks in putting a campaign together.

As crowdfunding overtakes venture capital, predicted to happen this year, these risks and benefits will have to be weighed.  

Legislators are also going to have to grapple with the impact of crowdfunding on taxes and economic models.

New legislation in America will change the way that entrepreneurs can use crowdfunding to raise funds for their start-ups.

Equity crowdfunding is already regulated in Canada, meaning that restrictions on using the model for start-up funding are already present.

These regulations are critical for maintaining tax structures and ensuring that both funders and entrepreneurs are protected.

(Forbes Magazine 2014)



By Tiffany Sostar
Tiffany is a writer, editor, academic, and animal lover who came late to her appreciation of pets. At 18, a rescue pup named Tasha saved her from a depression and she hasn't looked back. She has worked as the canine behaviour program coordinator for the Calgary Humane Society, and was a dog trainer specializing in working with fearful and reactive dogs for many years. She doesn't have any pets right now, but makes up for it by giving her petsitting clients (and any dogs she comes across on her frequent coffee shop adventures) extra snuggles.

27 January 2016

New Venture Funding for Smart Pet Feeders

Investors have poured $4 million in funds into Petnet Inc., a company that makes SmartFeeder for dogs and cats that weigh up to 50 pounds.

The automatic feeder, controlled by the company’s mobile iOS app, will manage feeding times and determine portion sizes based on the pet’s age, weight and activity level. The app can also be used to find an optimal food for the pet, place an order and have it delivered to the pet owner’s home.

Petnet sees the SmartFeeder as a tool to combat the problem of pet obesity in the United States, with an estimated 52.7% of dogs and 57.9% of cats in the country overweight or obese according to the Association for Pet Obesity Prevention.




The primary risks of excess weight in pets include:
  • Osteoarthritis
  • Insulin resistance and Type 2 Diabetes
  • High blood pressure
  • Heart and respiratory disease
  • Kidney disease
  • Reduced life span

Pet owners will also, no doubt, be attracted to the convenience of being able to feed their pets on schedule even if they are late returning home from work.

Petnet currently sells its SmartFeeder on Amazon and in Target stores, with new distribution channels imminent.

29 July 2013

Pet Safekeeping for Domestic Violence

The Alberta SPCA along with several partners is seeking funding from the Field Law Community Fund Program to support the  Alberta Alliance for the Safety of Animals and People (AASAP).

A study released by the ASPCA in November 2012 revealed that 59% of pet-owning women in emergency shelters delayed leaving their abusive environment out of concern for their pets. In 36% of the cases, animals were threatened by the abuser - and 85% of those threats were carried out. 

A major goal of the AASAP partnership is to provide a province-wide pet safe-keeping network for family violence victims while they are in emergency shelters. AASAP wants to start a pilot project in the Edmonton region, with the hope that it can expand to the whole province.

Field Law, a top 10 western and northern law firm, has been committed to helping communities for almost 100 years by supporting charitable groups and organizations in Alberta and the North. The Field Law Community Fund Program distributes $30,000 annually in both Calgary and Edmonton to worthy initiatives who acquire votes through their website. 

The AASAP includes professionals from law enforcement, social services, veterinary services, health, animal welfare, women's shelters, legal education and other communities. 


28 February 2013

Nova Scotia Announces Funding For SPCA

The Nova Scotia SPCA announced today the Government of Nova Scotia will fund the investigations and enforcement program which was jeopardized earlier this year

“We always felt that the Province was an important partner for the Nova Scotia SPCA, and we look forward to building this partnership as we advance these conversations and collaborate on this important work” said Executive Director of the Nova Scotia SPCA, Kristin Williams. “We are also deeply humbled by the support of the community who clearly care about the animals in the province that we are privileged to serve.”



The Nova Scotia SPCA will participate in meetings with the Agriculture Department next week to determine the final details of the funding agreement. This announcement reverses the decision reported earlier by InfoStream.




19 July 2012

Nova Scotia SPCA Adresses NDP Caucus

Kristin Williams, Executive Director of the Nova Scotia SPCA, addressed the NDP Caucus on July 18 to express their need for increased support.

Williams shared her concern that their request for core funding was declined by the provincial government and asked the NDP to increase their support beyond the $3,000 they pledge yearly. The Society relies on donations to fund animal cruelty investigations and animal care for the province and must raise over $1 million dollars annually.

The Nova Scotia SPCA has dramatically increased its scope as demand for service has increased, saving over 8,000 animals last year.