Driving innovation means embracing trial and error. It’s all about iterating, experimenting—in other words, research and development—to build solutions that can succeed at scale.
That’s why failure is a crucial part of product development that teams need to welcome!
Of course, that’s easier said than done when you’re a founder with limited resources trying to launch your MVP.
But as Chris Hobbs from TTT Studios explains, that’s exactly where the Canadian government’s Scientific Research & Experimental Development (SR&ED) program shines. It gives Chris’s team the freedom to take risks that could pay off big in the future—and helps fund innovation (and keep his team working) even during slow periods.
Thanks to Chris’s leadership, TTT Studios has become a powerhouse in Vancouver’s tech community, creating digital experiences that innovate and leave a positive, lasting impression on every user.
What truly sets TTT Studios and Chris apart is their deep commitment to understanding each client’s unique challenges and business goals. From idea to launch, TTT brings together a team of experts for every project, building user-focused solutions that help clients level up their business.
As exciting as the work at TTT Studios is, this isn’t Chris’s first time leading innovation in tech—he’s been a founder and developer on standout projects for over 20 years. We dive into how Chris got started as an entrepreneur, his journey building game-changing solutions at TTT, and his advice for founders across Canada and beyond.
Conversations with innovators
As Chris points out, Boast has played a key role in Vancouver’s tech ecosystem and beyond by focusing on community. That means offering more than just innovation tax credits—we connect founders with the insights, strategies, and support they need to help their startups and scale-ups grow.
SR&ED is one of the main programs that helps Chris Hobbs and other Canadian innovators avoid layoffs during tough times. By seeing the program as “all about employment,” companies can encourage their teams to dive into R&D projects that could lead to breakthrough solutions—even when budgets are tight and their US counterparts are cutting back.
All of this is possible without burning through your team’s runway (and mostly regardless of market conditions) because SR&ED funding backs you up, doubling down on the innovation investments you’re already making.
Innovation capital to stay “hyper-competitive”
Chris Hobbs and his team are using new technologies like Artificial Intelligence (AI) to streamline operations and find fresh ways to wow their customers.
Because they’re tackling truly unique innovation and facing “technological uncertainty,” Chris’s team can take on these projects confidently, knowing SR&ED funding will help cover and extend these critical investments.
At Boast, we’re driven by our partners’ success. We see ourselves working hand-in-hand with founders and innovators who rely on our team to unlock the full potential of innovation capital available in both Canada and the US. We celebrate our customers’ wins because we know we helped bring some of the coolest new tech to life by maximizing access to non-dilutive funding for the most exciting R&D projects.
Want to find out why Boast is the best partner for funding innovation? Talk to an expert today.
