Tag Grants for businessfundingcanada

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 Science, Research, Innovation and Commercialization Designated Program

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

Get Started

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The Greenhouse Gas Emissions-Reducing and Carbon Sequestration for Primary Producers Designated Program

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

Get Started

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Green Industrial Facilities and Manufacturing Program: Industrial Facility track

Amount: up to 50% of eligible costs to a maximum of $10 million per proposal

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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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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What Funds to Expect from the Minority Government?

As you probably know by now, the recent Federal election didn’t change the balance of power in Ottawa. However, you need to know about the following funding promises for business that will be implemented within the next few months.

  1. Extension of the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy. These two popular grants for businesses hit hard by the pandemic will continue until March 2022. Although the Wage Subsidy program will be gradually replaced with the Canada Recovery Hiring Benefit, there will be the funds to support employees’ salaries if your business is still in trouble
  2. CanExport Renewal. The popular CanExport grant is set to open the next intake in October. To remind, CanExport provides Canadian businesses with funding to help them market in the new export markets, both digitally and traditionally. We will find out what program rules will change and let you know in a separate email.
  3. Canada Digital Adoption program is set to open in October as well. It will support technology consulting and implementation like ERP systems. The details will be available soon.
  4. Federal expansion funding programs like Jobs & Growth Fund, Aerospace Regional Recovery Initiative, Business Scale-Up and Productivity and Strategic Innovation Fund are set to resume the regular application review process. The process was on hold due to the election.
  5. Canada Small Business Financing Program (CSBFP) will increase the maximum amount to $500K from $350K.
  6. No Impact on the Provincial Funding. Federal elections have no impact on the provincial government funding programs for businesses.

If you have any questions about the impact of the Federal election on your business, simply get in touch with us through apply@fgwinc.ca.

Fill out the Eligibility Check form now to make sure you don’t miss this funding opportunity http://www.fgwinc.ca/eligibility.

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