Tag Grants for businessgrants
The Supply Chain Resiliency Designated Program
Deadline: the designated Program will end on March 31, 2028.
[Webinar Invitation] CDAP Grant Recap & Alternate business funding
We would like to invite you to the upcoming webinar – CDAP Grant Overview and Alternate Lending Solutions – this Wednesday, May 17.
During this webinar, Kira Tchernikovsky, the CMO of Customerization, will provide an overview of the CDAP grant program, including its purpose, eligibility requirements, timelines, and possible pitfalls. Cubeler’s Erika Hild will take you through the alternative lending options that SMEs can leverage to finance their strategic business growth.
Canada Digital Adoption Program (CDAP) is set up to help get businesses online, boost e-commerce presence on the market and help digitalize business’s operations. CDAP provides funding and support to businesses, as well as training and work opportunities for young Canadians. One of the current funding opportunities under CDAP includes Boost Your Business Technology Grant.
By the end of this webinar, you’ll not only have a comprehensive understanding of the CDAP grant program and how it can support your digital transformation projects but also you will also find out the multiple alternative financing options in Canada.
Date & Time: Wednesday, May 17, 2023, 12:00 PM.
Need help with this or other government funding programs but don’t know where to start or how to prepare an application?
Fill out the Eligibility Check form at http://www.fairgrantwriting.
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?
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:
- CanExport – 50% of export market entry cost.
- Canada Digital Adoption Program – 90% of the digital technology assessment cost.
- Business Scale-Up & Productivity – interest-free loans covering 35%-50% of the cost of business expansion. Rules and intake procedures vary from province to province.
- Scientific Research & Experimental Development Tax Credit – 60% of the labour cost involved in R&D.
- Industrial Research Assistance Program – 80% of the labour cost involved in R&D.
- Most of the hiring incentives.
Need help with this or other government funding programs but don’t know where to start or how to prepare an application?
OINP Entrepreneur Stream is now open
You may have heard that the Ontario Immigrant Nominee Program, Entrepreneur Stream is now open. It was on hold for awhile but hopefully the recent re-launch is here to stay. You can learn more about the OINP program here.
Rest assured that our team of professional business writers will support you and your clients with any writing needs to apply for the program, including:
- Expression of Interest
- Business Plan
- Final Report
We can also do the market research to help applicants establish realistic performance targets.
Can we help you or your clients with their business plans? If so, request a quote here: https://fairgrantwriting.ca/
I also wanted to take this opportunity to wish you and your family a happy holiday season, whether you celebrate or just take time off to recharge your batteries. May the next year be filled with health, joy and prosperity!
