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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


Master the “S” of Environmental, Social, Governance (ESG), A.k.a. Stakeholder Capitalism
 
The Enterprise Engagement Alliance at TheEEA.org is the world’s first and only organization that focuses on outreach, certification and training, and advisory services to help organizations achieve their goals by fostering the proactive involvement of all stakeholders. This includes customers, employees, distribution and supply chain partners, and communities, or anyone connected to an organization’s success.
 
Training and Thought Leadership 
  • 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. 
EE for CEOsEngagement Digital Media and Marketplaces
Video Learning
The EEA Human Capital Management and ROI of Engagement YouTube channel features a growing library of 30- to 60-minute panel discussions with leading experts in all areas of engagement and total rewards.
 
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Enterprise Engagement Advisory Services 
The Engagement Agency helps:
  • 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
For more information: Contact Bruce Bolger at Bolger@TheICEE.org or call 914-591-7600, ext. 230.
 
 
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