We’d like to remind you that Business Scale-up and Productivity (BSP) program is open for applications.
- In British Columbia. The program will be accepting applications from July 14 until September 22, 2023.
- In Ontario, Quebec, Prairies and Atlantic Canada this program accepts applications year-round.
BSP program provides no-interest, repayable funding to high-growth firms to:
- scale up and expand;
- demonstrate and commercialize new technologies;
- improve productivity; and,
- enter or grow in international markets.
Amount
Up to 50% of eligible project costs may be requested from the government. The rest of the total project funding is required from confirmed non-government sources. All non-government sources must be confirmed at the time of application and after project approval.
Eligible Costs
Incremental costs that are essential to the project. For example:
- capital costs (equipment, machinery)
- labour (wages, benefits)
- marketing
- costs related to intellectual property
- technology development and commercial demonstrations
- professional, advisory, technical services
Need help with this or other government funding programs but don’t know where to start or how to prepare an application?