OTI Technologies Inc has been approved by Government of British Columbia, Investment Capital Branch—Ministry of Jobs, Economic Development and Competitiveness as an Eligible Business Corp.
OTI is now registered with the British Columbia government as an Eligible Business Corporation ("EBC"). EBCs can accept equity capital directly from investors without having to set up a venture capital corporation (VCC).
This investment structure is ideal for an investor planning to be actively involved in the growth of the small business. Read the Investment Capital Program Guidelines (PDF, 3.1 MB)
British Columbia-based investors who invest to support the growth of OTI are now eligible for a 30% tax credit. These tax credits are claimed by OTI on behalf of investors through the BC Government's electronic tax credit application system (eTCA system).
Canadian investors can use funds in their registered or non-registered investment portfolios for investment purposes.