Tag Grants for businessfunding

Important Updates: Business Scale Up & Productivity Program

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.

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Business Funding Highlights: Apply for available grants

As a new fall season is here, we’ve decided to remind you about some of the government grants available for your business. So, here are the highlights of some funding programs:

Equipment Purchasing and Expansion

Skills Training

Software and Hardware Adoption

Research & Development

Funding for Agriculture, Food and Beverage Businesses

Please note that the CanExport program is still on hold form most businesses until further notice. They opened a very short intake for participants of the government-led trade missions.

We hope you’ll find a relevant funding opportunity among these highlights but you can always explore more grants available here.

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Growing business in Ontario? Time to apply

We’d like to inform you that Southwestern Ontario Development Fund (SWODF) and Eastern Ontario Development Fund (EODF)‘s current intake is open from August 17, 2023, to October 5, 2023.

Funds support projects and investments to businesses, municipalities and not-for-profit organizations for economic development in southwestern and eastern Ontario. The programs supports projects that create jobs, encourage innovation, collaboration and cluster development, and attract private sector investment.

Eligibility Criteria

  • Be located in Southwestern or Eastern Ontario.
  • For Business Projects:
    • Employ at least 10 people (or 5 if you are in rural Ontario)
    • Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees)
    • Be able to provide 3 years of operations/financial statements
    • Be located in, or plan to locate in, a community in eastern Ontario
  • For Community Economic Development Projects:
    • Be led by municipalities, economic development organizations (including sector groups) or consortia
    • Focus on economic and business development and job creation in the community or region by investing in infrastructure or implementing strategies to advance regional economic development priorities
    • Lead to measurable outcomes including private sector investment, growth and job creation
    • Have private sector support
    • Be used for activities that are new to the organization

Amount

Any for-profit business that intends to expand in Southern Ontario outside Greater Toronto and Ottawa is eligible to receive 15% of the expansion budget from the government. The contribution may be in the form of a grant or an interest-free loan.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Update: AMIC Grant for manufacturers extended deadline

We’d like to inform you that Advanced Manufacturing and Innovation Competitiveness program has extended its deadline to September 14, 2023.

About AMIC grant for expanding manufacturers:

The program aims to provide financial support to Ontario-based advanced manufacturing companies with a focus on small and medium-sized enterprises. It will facilitate investments in capital equipment, technology adoption and skills development.

Eligibility Criteria:

  • Have at least three years of operations/financial statements.
  • Employ at least 10 people.
  • Commit to creating at least five new jobs and/or upskilled current jobs.
  • Be located in, or plan to locate in, a community in Ontario.

Amount

Types of support available:

1) Loans

Up to 15% of funding, interest-free during the project period (up to four years). If you achieve your investment and job or upskilling targets, up to 30% of the loan may be forgiven.

2) Grants

Grants are available only for specific circumstances, up to 15% to a maximum of $500K.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Funding for Meat Processing Equipment will soon be available

We’d like to inform you that the Meat Processors Capacity Improvement Initiative will accept applications starting August 31, 2023. The program provides funding towards upgrades of meat processing equipment to improve the productivity of the operations.

Eligibility Criteria

Full program eligibility criteria will be provided when the application intake launches on August 31, 2023. Applications that meet eligibility criteria will be reviewed on a first-come, first-serve basis to receive cost-share funding.

Amount

Each successful applicant is eligible to receive up to $150K in cost-share funding to help implement measures that will result in increased meat processing capacity within their meat plants or abattoirs.

Deadline

Applications open on August 31, 2023, and will remain open until January 31, 2024 or until the initiative is fully subscribed, whichever comes first. Eligible project costs can be incurred as of July 26, 2023 and eligible projects must be completed with equipment delivered by March 1, 2024. Recipients will have until June 28, 2024 to have equipment installed.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Business Scale-up and Productivity Program is open in British Columbia

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?

CHECK ELIGIBILITY

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Eligible Costs for DCC Grant Updated

We’d like to inform you that eligible costs for the Digitalization Competence Centre (DCC) grant have been updated. Following the recent update, projects focused on helping clients select a suitable system for their business are now eligible DMAP projects.

Consultant-led activities, eligible for the DCC grant, now can include for instance, developing functional requirements, identifying vendors, and where applicable, helping clients prepare an RFP and evaluate vendor bids.

Note about DMAP stream of DCC program:

The Digital Modernization and Adoption Plan (DMAP) program supports Ontario SMEs to better understand their organization’s technology needs, guide their digital transformation decision-making, and optimize their technology investments. Through this program, SMEs work with a Digital Adoption Consultant to generate a Digital Modernization and Adoption Plan tailored specifically to their organization’s digital needs.

Amount

50% (maximum) of total eligible project costs, up to $15K. Once the project is completed you will be eligible to apply for funding up to $150K to implement the selected system.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Update: CanExport Grant Temporarily Paused

We’d like to inform you that CanExport SME Grant Program has been put on pause as of June 19, 2023. We’ll be covering all the updates on the program and its reopening to keep you timely informed and prepared.

About CanExport Grant:
CanExport Grant Funding Program provides government funding to small to medium-sized Canadian businesses for exporting their business marketing (digital including) and reimburses 50% of selected export marketing cost to a maximum of $50K.

CanExport Grant covers such export marketing costs as trade show and trade mission cost, digital and online advertising to the foreign customers, translation cost, cost of shipping samples, export market research and business planning and more. The main goal of the Program is to support those who export business in Canada.

When to plan your next international marketing activities?

While CanExport Grant Funding Program has been regularly put on hold, it’s expected to reopen in the fall or early winter. So, you should still plan your international market expansion activities, but for later this year.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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The Health, Safety and Mental Health Designated Program

Deadline: the Program will end on March 31, 2028.

Get Started

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The Protection and Risk Resilience: Plant Health Designated Program

Deadline: the designated Program will end on March 31, 2028.

Get Started

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The Protection and Risk Resilience: Plant Health Designated Program

Deadline: the designated Program will end on March 31, 2028.

Get Started

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The Protection and Risk Resilience: One Health, Food Safety and Animal Health Designated Program

Deadline: the designated Program will end on March 31, 2028.

Get Started

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The Indigenous Agriculture and Food Development and Growth Designated Program

Deadline: the designated Program will end on March 31, 2028.

Get Started

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The Business Assessment Designated Program

Deadline: the Program will end on March 31, 2028.

Get Started

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The Productivity Designated Program

Deadline: the Program will end on March 31, 2028.

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The Labour: Attracting and Growing the Agri-Food Workforce Designated Program

Deadline: the designated Program will end on March 31, 2028.

Get Started

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The Facilitating Interprovincial Trade of Regulated Product Designated Program

Deadline: the Program will end on March 31, 2028.

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The Markets Designated Program

Deadline: the designated Program will end on March 31, 2028.

Get Started

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The Interprovincial Research Collaboration Designated Program

Deadline: the Program will end on March 31, 2028.

Get Started

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Growing your business in Ontario? New intakes are open

The Eastern Ontario Development Fund (EODF) and the Southwestern Ontario Development Fund (SWODF) have opened their new intake window from April 27 to June 15, 2023.

The Funds support projects and investments in businesses for economic development in Ontario. Among them are projects that create jobs, encourage innovation, collaboration and cluster development, and attract private sector investment.

Eligibility Criteria

  • For Business Projects:
    • Invest at least $500K in their project (or $200K in rural Ontario)
    • Employ at least 10 people (or 5 in rural Ontario)
    • Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees)
    • Be able to provide 3 years of operations/financial statements
    • Be located in, or plan to locate in, a community in southwestern or eastern Ontario

Funding

15% of eligible expenses in the form of a grant or loan with a forgivable portion. The maximum amount applies.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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New Manufacturing Tax Credit

The provincial budget tabled a few weeks ago shed some light on a new Ontario Made Manufacturing Investment Tax Credit, a 10% grant on the cost of eligible manufacturing equipment.

The program will be a 10% refundable Corporate Income Tax credit for capital investments in buildings, machinery and equipment used in manufacturing or processing to continue to bring back manufacturing to Ontario.

Eligibility Requirements

  1. Be Canadian‐controlled private corporation (CCPC)
  2. Have a permanent establishment in Ontario
  3. Make qualifying investments (incur eligible costs)

Eligible Costs

  • Constructing, renovating or acquiring buildings used for manufacturing or processing that become available for use on or after March 23, 2023. To qualify as a building used for manufacturing, 90% of the floor space of the building must be used at the end of the corporation’s taxation year for manufacturing or processing.
  • Machinery and equipment used in the manufacturing or processing of goods. The machinery and equipment would have to be acquired and become available for use on or after March 23, 2023, and before 2026.

The maximum amount of funding is twenty million per taxation year and would be prorated for a short taxation year.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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2023 Federal Budget: New Grant Opportunities

New 2023 Federal budget is heavily focused on clean and green technology adoption by introducing three new tax credits:

  • Clean Technology Manufacturing Investment Tax Credit – 30% of the cost of new machinery and equipment used to manufacture or process key clean technologies, and extract, process, or recycle key critical minerals
  • Clean Technology Investment Tax Credit
  • Carbon Capture, Utilization, and Storage Investment Tax Credit

More information about these new programs will be available in the coming weeks or months.

In addition, the following new grants were announced:

  • Clean Fuels Fund to encourage investment in the production of clean fuels, including clean hydrogen and biofuels;
  • Canada Growth Fund to incentivize private sector investment into projects and companies that will grow Canada’s clean economy at speed and scale;
  • Net Zero Accelerator to make large-scale investments in clean technologies;
  • Low Carbon Economy Fund to support the installation of emission-reducing technologies for provinces and territories, businesses, Indigenous communities, and other organizations;
  • Canada Innovation Corporation, which will support Canadian businesses in investing in research and development.

In the meantime, the funding for the following Federal incentive programs was renewed:

 

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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What’s in the 2023 Ontario budget for you?

The province of Ontario tabled the new 2023 budget, so we are happy to share that several new funding programs were announced, and the funding for some of the existing programs was renewed.

Ontario introduced an Ontario Made Manufacturing Investment Tax Credit, a 10% grant on the cost of eligible manufacturing equipment, machinery and buildings. It would be a refundable Corporate Income Tax credit on qualifying investments in manufacturing or processing in the province.

In the meantime, the funding for the following provincial incentive programs was renewed.

One program we could not find in the budget was the Canada-Ontario Job Grant. It was a successful skills training grant that was around for 7 years.

 

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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New Tax Credit is Coming Soon

Next week both the provincial and Federal government will announce the budgets for the next fiscal year starting April 1, 2023. There are several new programs we expect and we will keep you posted. But the good news about some of those new programs just came out.

Ontario introduces an Ontario Made Manufacturing Investment Tax Credit, a 10% grant on the cost of eligible manufacturing equipment.

We will know more about eligibility and how the program will work in the next few weeks, so please, stay tuned. In the meantime, consider applying for the following grants:

CanExport – provides 50% of your export marketing costs.

CME Technology Investment Program – provides 50% of the new equipment, robotic, automation and IioT costs.

Digital Competence Centre – provides 50% of the software and hardware costs.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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IRAP Reform is Coming

Industrial Research Assistance Program (IRAP) is one of the oldest and most popular government funding programs for research & development. It is available for most of the established technology, manufacturing and agri-food firms that have specific upcoming R&D projects with a defined scope and resource allocation. Startups can also access funding if they meet certain conditions.

The National Research Council of Canada (NRC) currently manages the program. In order to access the funding, you need to contact the NRC first and speak to a dedicated program representative called the Industrial Technology Adviser (ITA).

Now that’s about to change. The program is being reformed. Here is what you need to know.

  1. The Federal government will establish a new Canada Innovation Corporation (CIC)
  2. IRAP will be merged with CIC, and all ITAs will seamlessly transition to the new corporation
  3. There will be three program streams in the future:
    – Applied Research
    – Experimental Development
    – Technological Adaptation
  4. No major changes to the eligibility rules are expected
  5. The amount of funding will range from $50K to 5M, and up to 20M exceptionally
  6. The review process of smaller projects will be streamlined to enable faster decision making
  7. An extensive expert review of large-scale projects will be done at the beginning of the project to secure cash flow

The corporation is expected to be up and running by April 1, 2024, so you have the entire year to apply for the good old Industrial Research Assistance Program.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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[Webinar Invitation] Government Help for Small and Medium Size Business

Our friends at the Canada Bulgaria Business Network are very happy to invite you to an evening webinar – Government Help for Small and Medium Size Business.

Two high profile presenters – Jayesh Menon and Igor Chigrin, will be sharing their knowledge, expertise and recent updates in government funding and grants that are currently available to start-ups, small and medium sized business. You will be introduced to assistance programs, grants and tax incentives offered by all three levels of government in Canada and have a chance to ask your questions and make valuable connections.

Date and Time: Monday, May 30th, 2022 at 6:00 PM EDT

Seminar Speakers:

Jayesh Menon – Senior Advisor – Investment Attraction, City of Brampton

Igor Chigrin – Business Funding Expert at Fair Grant Writing.

Please register by email at: info@canadabulgaria.com.

You don’t have to be a member of Network to attend.

Make sure to share this event with your network!

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What is in Ontario 2021 budget for you?

Yesterday the Ontario government announces a new budget for the 2021 fiscal year (April 1, 2021, to March 31, 2022). As expected, lots of funding is allocated to healthcare and impacted families, but there is a place for provincial funding for businesses. Here are the major highlights.

  • Ontario Small Business Support Grant that provides up to $20K to the most adversely impacted businesses in Ontario is extended. The companies that have already received it may expect another contribution in spring, and they don’t need to apply again. New applicants are welcome.
  • Digital Main Street Program that helps businesses get online is extended.
  • Funding was promised to wineries, cideries and breweries impacted by the pandemic.
  • Regional Opportunities Investment Tax Credit that supports business expansion in Western, Eastern and Northern Ontario is doubled and will reimburse 20% of eligible expenses up to a maximum of $90K.
  • Funding for Northern Ontario Heritage Fund has been extended for two years. The new programs will help increase economic development and promote job creation in all regions of the North.

The question now is what will happen to the other provincial funding programs not listed above? The budget does not have a clear answer, but we can foresee the following.

Need help with applying for government funding programs and don’t know where to start?

Fill out Eligibility Check form at http://www.fgwinc.ca/eligibility to find out.

IMPORTANT ANNOUNCEMENT

If the pandemic adversely impacts your business, you’ve applied for all available assistance programs, but your business is still struggling financially, you may qualify for two programs:

  • Regional Relief and Recovery Fund – interest-free loan.
  • Highly Affected Sectors Credit Availability Program – 4% fixed loan, guaranteed by the government

Contact us to discuss further.

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