Grants for March 2020

Introducing Anti-Crisis Funding Solution

First of all, I hope you and your loved ones are safe and doing well. If we spoke last week, we will get back to you today or tomorrow.

Secondly, we continue to closely watch the announcements of the response measures at all levels of governments to¬ help businesses survive the tough time. This week some of the programs kicked off and we can’t wait to share them with you.

We designed an¬ Anti-Crisis Funding Solution. The solution has multiple options, and not all may apply to you, but I suggest you to visit the above link asap and find the solution that is right for your unique situation.

  1. Avoid layoffs
  2. Get cash injection & stabilize cash flow
  3. Recover as much funding as possible for you past and future projects
  4. Manage debt in uncertain times
  5. Make products, deliver services or develop technologies to help fight the pandemic

Please visit the Anti-Crisis Solution page now and fill the form on the right hand side if you need help to determine which option is right for you or your clients, partners or suppliers.

Please stay at home if you can.¬ We will get through this together. Our team is fully available.

Survive Recession with these Government Funding Programs

Just like you, I am deeply concerned with the impact of the global pandemics on our economy and your business. I see the businesses being disrupted and closing their operations until further notice.

We are closely watching the announcements of the response measures at all levels of governments to¬ help businesses survive the tough time. Although it will take another few days or even weeks to get the details of the announced programs, here is what we already know and what you can do about it.

1. Business Credit Availability Program (BCAP) is a $10-billion credit facility that will be provided by the crown corporations, EDC and BDC, to the creditworthy Canadian companies. It will be an interest-based loan focused on maintaining your cash flow, but we expect that the terms and application process will be outlined shortly. For now, if you have EDC or BDC financing, contact your account manager to inquire about principal postponement.

2. Temporary Wage Subsidy was announced on Wednesday, March 18. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer. The application guideline is not available yet, but we expect it to be available shortly.

3.¬ If you already have the approved government grant or interest-free loan, the situation will impact your project. Please, reach out to your funding organization contacts to discuss contingency plan or project timeline extension. There is an understanding of the situation among all levels of government and you won’t be penalized for what is out of your control.

There are other measures to support the individuals and businesses impacted by the crisis. I will keep you posted as more information becomes available.

We are currently working on an anti-recession solution to address all possible negative scenarios and help you get through the difficult time. Please, help us to shape the solution by answering a short anonymous survey here.

Remember.¬ We will get through this together. Our team is fully available.

Anonymous Survey: Impact of the Pandemic on Your Business

Canadian Manufacturers and Exporters (CME) Technology Assessments Program

Amount: 100% of eligible costs up to a maximum of $25,000

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Advanced Manufacturing Supercluster Funding Deadline and Project Application Workshop Invitation

We have some exiting announcements for you. If you have been waiting to apply for the¬ Advanced Manufacturing Supercluster Funding¬ (Capacity Building Projects) now is the right time to do it.¬ The deadline for the first round is April 15, 2020.

NGen will invest up to $12 million of Supercluster funding to be matched by a minimum of an additional $12 million of industry investments in Capacity Building projects targeted at Canadian SMEs before the end of March 2023. NGen’s capacity building initiatives are designed to address some of the common challenges that SMEs face in adopting and scaling up technologies in manufacturing, and in participating as partners in larger Supercluster projects.

In the effort to support your application process and give you some direction on where to start, NGen is organizing a¬ Free Project Application Workshop. And I would like to extend an invitation to all of our readers to register and attend the event.

Date And Time:¬†Thu, 26 March 2020, 9:30 AM ‚Äď 4:00 PM EDT

Location: McMaster Innovation Park, 175 Longwood Road South, Hamilton, ON L8P 0A1

RSVP here:¬ https://www.eventbrite.ca/e/ngens-project-application-workshop-registration-95695799713

Can’t attend the event? Don’t wait and check eligibility of your company and your project for the government funding now by¬ submitting eligibility check form.

CHECK ELIGIBILITY NOW

Marketing and Vineyard Improvement Programming to Support Grape Growers

Amount: Up to 35% of eligible costs will be reimbursed to eligible vineyard activity up to $100,000 per vineyard.

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Career Ready Fund’s Auto Stream 2019-20

Amount: Total available funding for the competition is $14 million.

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