We’d like to inform you about some recent changes to the Business Scale Up & Productivity Program. Last Thursday, FedDev announced key updates to the Program, effective immediately:

  • FedDev has moved from continuous intakes to three intakes a year. The deadline for the current intake is November 7, 2023.
  • The Aerospace Regional Recovery Initiative is now officially closed.
  • The Program provides 50% of eligible project costs, up from 35%.

About the Program:

The FedDev Ontario Business Scale-up and Productivity (BSP) program provides governmental support for businesses in southern Ontario to drive their scale-up and productivity.

It offers no-interest, repayable contributions.

Eligibility Criteria

  • Must be located in southern Ontario.
  • Canadian or provincially incorporated businesses.
  • Indigenous organizations such as Indigenous-owned businesses.
  • Co-operatives.
  • Minimum of five (5) full-time employees.
  • Market/industry demand (e.g., how the project addresses a significant gap in the market; global opportunity to be seized within Canada; and evidence that southern Ontario is uniquely positioned to capture market share).
  • Financial capacity to complete the project and repay the contribution in full.
  • A viable project plan with achievable outcomes supported by verifiable cost estimates.

Deadline

FedDev moves from continuous intakes to opening several intakes a year. The deadline for the current intake is November 7, 2023 8:59 PM Eastern Time.

Read more about BSP Program eligible activities, costs and application process here.