Kudos Continues Expansion with $1 Million Funding from Canada Government

A leading international social recognition company based in Calgary, SK, wins $1 million interest-free repayable funding to further its worldwide expansion.

 

As part of a Canadian federal economic development program, Kudos has received a $1 million funding to help it tap the potentially large opportunities for its social recognition platform. 

 

Says Tom Short, Co-Founder and Chief Customer officer, “The need to connect remote teams and compete for talent has never been more important. Social, peer-to-peer systems are now playing a key tool in the war for talent and driving performance.” Citing new research by Zenefits of more than 600 US businesses with 50 to 500 employees, he reports that 63.3% of companies say retaining employees is actually harder than hiring them. “A Deloitte study reveals that 85% of professionals want to hear 'thank you' in day-to-day interactions,” he adds.

 

To Short, the large government funding is an affirmation of the company’s role as a tech leader in Western Canada and “as an emerging and innovative social recognition space globally. The recognition feels good. We are extremely pleased that our hard work and success has been validated by being one of 15 companies to receive a Business Scale-up and Productivity funding by Western Economic Diversification Canada."

 

The fund supports high-growth businesses producing innovative goods, services, or technologies. “Kudos® was selected given the rapid increase in demand for our solution and platform due to the unprecedented changes in the way we all work globally,” Short explains. "This investment will support more aggressive growth plans as Kudos® meets the global demand for our services.” 

 

Earlier this year, Incenta Rewards in Dayton, OH, received funding to enhance its technology platform from the state of Ohio. See: RRN: Incentive Rewards Gets Ohio Grant for Technology Development. 

 

 

For More Information

Tom Short

Founder & Chief Customer Officer

Tel. 587-955-9191

sales@kudos.com

Kudos.com

---

• Founded in 2008, the Enterprise Engagement Alliance provides outreach, learning and certification in Enterprise Engagement, an implementation process for the “S” or Social of Stakeholder Capitalism and Human Capital Management and measurement of engagement across the organization.
• The Enterprise Engagement Alliance provides a training and certification program for business leaders, practitioners, and solution providers, as well as executive briefings and human capital gap analyses for senior leaders.
• The EEA produces an education program for CFOs for the CFO.University training program on Human Capital Management.
• Join the EEA to become a leader in the implementation of the “S” of ESG and Stakeholder Capitalism. 

• The ESM information portal and The Enterprise Engagement Advisors Network solution provider marketplace cover all aspects of stakeholder engagement, and the EEA information library lists dozens of resources.
• The RRN information portal and Brand Media Coalition marketplace address the use of brands for gifting, incentives, recognition, and promotions. The BMC information library provides information and research resources.

• Enterprise Engagement for CEOs: The Little Blue Book for People-Centric Capitalists. A quick guide for CEOs.
• Enterprise Engagement: The Roadmap 5th Edition implementation guide. A comprehensive textbook for practitioners, academics, and students.

• Organizations of all types develop strategic Stakeholder Capitalism and Enterprise Engagement processes and human capital management and reporting strategies; conduct human capital gap analyses; design and implement strategic human capital management and reporting plans that address DEI (Diversity, Equity, and Inclusion), and assist with managed outsourcing of engagement products and services.
• Human resources, sales and marketing solution providers profit from the emerging discipline of human capital management and ROI of engagement through training and marketing services.
• Investors make sense of human capital reporting by public companies.
• Buyers and sellers of companies in the engagement space or business owners or buyers who seek to account for human capital in their mergers and acquistions.