Amount: .
Grants for Type
Energy Management Information Systems (EMIS) projects
Amount: Up to 50% of eligible costs, to a maximum of $40,000.
Proof of Concept Program
Amount: Up to 50% of the cost of the proof of concept plan to a maximum of $100,000 during the Program Period (not to exceed 12 months). The applicant will be required to contribute 50% of the cost over the Program Period.
Why You Should Consider Government Loans?
Many clients ask us why they should consider applying for government loans. They initially express a lack of enthusiasm because they have to pay the loans back and would rather deal with their banks. Here is what you should know about the government loans to make an informed application decision.
1. No Interest. All government loans are interest-free. So you immediately save on interest.
2. No Collateral. In case if something goes wrong, the government won’t come after your home.
3. Grace Period. Many government loan programs allow flexible grace periods, i.e. you don’t start repayment until 12 months after your project is completed.
4. Large Caps. Most of the non-repayable grants are capped to $100,000. There are government loan programs that pay over $10 million.
5. High Stacking Limits. You can combine the government loans with the grants and tax credits, up to a maximum of 75% of the project cost.
6. Repay Commercial Loan Sooner. The government provides loans on a quarterly or annual basis. You can pay back 35%-50% of the commercial loan amount with the government loan, and save on interest and repay the commercial loan sooner at the same time.
Does your business qualify for the above and other government funding programs? Fill out Eligibility Check form at http://www.fgwinc.ca/eligibility to find out.
Digital Main Street
Amount: Through the $57-million contribution to the Digital Main Street platform, businesses will be able to take advantage of three new programs to support their digital transformation.
Canadian Manufacturers and Exporters (CME) Technology Assessments Program
Amount: 100% of eligible costs up to a maximum of $25,000
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.
Career Ready Fund’s Auto Stream 2019-20
Amount: Total available funding for the competition is $14 million.
RapidSkills 2019-20
Amount: Total available funding for the pilot is $3M. MLTSD (Ministry of Labour, Training and Skills Development) expects that individual Projects will not require more than $300,000 total in funding for partnership development, program development, and administration. Reasonable upward adjustments may be negotiated where the application provides a strong, demonstrated rationale for additional funding based on the nature of the proposal. The funding will be allocated based on eligible costs and through a competitive process based on the evaluation of the proposals. MLTSD reserves the right to set limits on the amount of funding an Applicant will receive.
Market Access Initiative (Temporarily Unavailable)
Amount: 75% cost-share funding of total eligible costs, to a maximum of either $20,000 or $30,000 cost-share per project depending on project category.
Get Started
Ontario Automotive Modernization Program (OAMP)
Amount: 50% of eligible costs up to a maximum of $100,000
Get Started
Place to Grow: Agri-food Innovation Initiative
Amount: Minimum government contribution to a project is $250,000 while the maximum suggested government contribution is up to $1 million.
Get Started
Climate Action Incentive Fund (CAIF) (Temporarily Unavailable)
Amount: $250,000 per project ($20,000 minimum)
Rural Innovation Initiative Eastern Ontario (RIIEO) REGIONAL STREAM (Temporarily Unavailable)
Amount: Selected projects will be eligible for a non-repayable performance-based contribution and require a minimum 50 percent cash contribution by the recipient on eligible expenses net of HST. The minimum project size for an Eastern Ontario Innovation Initiative regional stream project is $200,000 resulting in a minimum contribution of $100,000 by the recipient.
CanExport Innovation (formerly Going Global Innovation)
Amount: Up to 75% of eligible costs to a maximum of $75,000 for any approved CanExport Innovation Project.
NOTE: Starting fiscal year 2019-2020, CanExport Innovation is offered as both a grant and contribution funding program. Eligibility for a grant or contribution will be assessed as part of the Formal Review phase of the Application Review Process.
Steel and Aluminum Initiative
Amount: Non-repayable contributions from $150,000 up to $1 million, to support up to a maximum of 45 percent of eligible project costs
Business Scale-up and Productivity
Amount: No-interest, repayable contributions from $500,000 up to $10 million per project
Steel & Aluminum Tariffs. Are You Next? What to Do Now?
You may know that I came to grant writing business from export & import consulting, and still, do it on the side. I could not just sit and do nothing about the steel and aluminum tariff hike by the U.S. which is effective on June 1st, 2018. Even if you are not in metal business, there is no guarantee that your industry won’t be next one on a target list for sanctions.
- What to do now?
- How to protect your business from such unfriendly actions?
- How to reduce the damage if your business is impacted?
Read our practical post now to find the answers. Share it with your friend, partners, suppliers or clients that may be impacted or are confused what to do now.
Keep in mind that the Federal government has a funding program to cover 50% of your export market development costs in the new export market. That said if your #1 market in the U.S. there is funding for you to develop other markets.
[Invitation] Webinar on Government Funding-April 26, 2018
You are cordially invited to join us at the upcoming complimentary webinar on Canadian government funding for businesses. You will learn:
- What’s new for your business in 2018 Federal and provincial budgets
- What funds are available for agri-, food & beverage sector for the next 5 years
- Overview of available government funding programs for businesses of all sectors
- Eligibility rules
- Tips from the writers and the funding organizations
This webinar is organized and brought to you by Bond Consulting. Join us online on April 26, 2018, at 11 a.m.
Please, RSVP by April 19th as spots are limited.
What is in 2018 Federal Budget for you?
The new fiscal year is coming and Federal Government released the budget. There are no breakthroughs like major new funds announcements for businesses, so below please find key takeaways. If you have any questions or wanted to proceed with the application submission, simply reply to this email.
Good News
- Industrial Research Assistance Program (IRAP) gets more funding. For the past few years, the program was underfunded and oversubscribed. The program supports R&D on early and middle stages.
- Canada Summer Jobs gets more funding again (not, you can only apply in December 2018)
- Canada Job Grant programs for skills training will be extended and renewed following the extension of Federal-Provincial labour market agreements. No changes in rules as of now.
- The funding with regional development agencies such as FedDev Ontario IBI and IBGP programs will be renewed and extended.
- Many programs will be consolidated to reduce the number of hoops to jump through and time it takes to find the right funding program. This includes export development programs, like CanExport, and FedDev Ontario programs.
There are still provincial funding opportunities that are not impacted by Federal budget.
Bad News
- Programs consolidation will likely take 6-9 months. Expect longer than normal delays in application review process or rejections “until new program rules are created”.
- Reform of Federal Development Agencies will likely delay the replenishment of Yves Landry Foundation’s program for skills training and CME SMART Program for advanced equipment acquisition. Those programs were previously funded by FedDev Ontario.
- Strategic Innovation Fund for R&D and business expansion will now only accept applications for the projects of at least $10 million in eligible cost. We are yet to determine what will happen with the applications that are already submitted.
- No word on the funding for productivity improvement and equipment purchase.
- No word on the funding for skills training internally. Instead, a few million dollars will be allocated to a “lab” that would develop innovative training methods (what?).