There Is More Available Funding Within Reach Than You May Realize

July 18, 2019

Significant business growth challenges can be turned into growth opportunities with careful planning and use of Canadian government funding programs. Hiring and training employees, researching and developing innovative products/processes, expanding production and exports, and purchasing advanced technologies are just some of the ways that businesses plan to build a competitive edge; fortunately, these are all areas where companies can receive government grants and incentives.

New Programs and Funding Opportunities to consider;

Eastern Ontario Rural Innovation Initiative (RII):Eastern Ontario Manufacturers

Companies operating in Eastern Ontario regions can access up to $100,000 in government grants to identify growth opportunities, purchase and install the equipment to help get them there..

Business Scale-up and Productivity (BSP): Atlantic Canada Manufacturers

Reduce the costs of strategic technology development and implementation projects. Up to 50% of eligible project expenses to a maximum $20 million in conditionally repayable funding.

BC Rural Dividend Fund: British Columbia Manufacturers

British Columbia communities can access up to 60-100% of eligible project costs to a maximum $10,000 to $500,000 in grants per project.

Strategic Innovation Fund (SIF) Stream 5: All Canadian Manufacturers

Designed to support business investments into cutting-edge technologies and processes. Applicants may receive up to 20-50% of eligible project costs.

Funding for Technology R&D Collaborations: All Canadian Manufacturers

Mandated to enhance business productivity and diversify export opportunities, Canadian businesses will participate in collaborative projects led by consortium members.

Upcoming IDEaS Defence Technology Challenges: All Canadian Manufacturers

A federally-run incentive that invites Canadian manufacturers and technology developers to propose solutions to military and defence challenges.