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.