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Business Financing in Canada

Funding is a crucial element for any business looking to start, grow, or innovate. In addition to traditional options such as bank loans or relying on investors, there is a frequently underestimated alternative: grants. This detailed guide explores the various sources of grants available, as well as the financial services and sustainable funding strategies for businesses in Canada. By following the outlined steps, entrepreneurs can identify grants suited to their projects, whether they are government programs, innovation funds, or initiatives specifically targeting certain sectors. Grants are an advantageous solution, often non-repayable, allowing businesses to fund their projects without resorting to debt.

2018 opportunities available
Canada - Manitoba Job Grant
Grant and FundingClosed

Canada - Manitoba Job Grant

Government of Manitoba
Money for employee training in Manitoba
Eligible Funding
  • Max. $100,000
  • Up to 75% of project cost
Eligible Industries
  • All industries
Types of eligible projects
HUMAN RESOURCES
Sustainable Canadian Agricultural Partnership in New Brunswick
Grant and FundingOpen

Sustainable Canadian Agricultural Partnership in New Brunswick

Government of New Brunswick
Funds for agri-food sustainability in New Brunswick
Eligible Funding
  • Max. $50,000
  • Up to 25% of project cost
Eligible Industries
  • Agriculture, forestry, fishing and hunting
  • Manufacturing
Types of eligible projects
TECHNOLOGYINNOVATION
Child Care Operating Funding (CCOF) - Base Funding
Grant and FundingOpen

Child Care Operating Funding (CCOF) - Base Funding

Government of British Columbia
Financial support for BC family and group child-care providers
Eligible Funding
  • No Condition
Eligible Industries
  • Health care and social assistance
Types of eligible projects
LRCC — Metis Women Entrepreneurship Program
Grant and FundingOpen

LRCC — Metis Women Entrepreneurship Program

Louis Riel Capital Corporation (LRCC)
Money for Metis Women-owned businesses in Manitoba
Eligible Funding
  • Max. $50,000
Eligible Industries
  • All industries
Types of eligible projects
COMMERCIALIZATIONINNOVATION
Advancing Agri-Food Processing
Grant and FundingOpen

Advancing Agri-Food Processing

Government of New Brunswick
New Brunswick agri-food product development funding
Eligible Funding
  • Max. $50,000
  • Up to 30% of project cost
Eligible Industries
  • Agriculture, forestry, fishing and hunting
  • Manufacturing
Types of eligible projects
INNOVATION

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Livestock Strategy Program — Provincial Abattoir
Grant and FundingOpen

Livestock Strategy Program — Provincial Abattoir

Government of Prince Edward Island
Funding to increase profitability of PEI livestock industry
Eligible Funding
  • No Condition
Eligible Industries
  • Agriculture, forestry, fishing and hunting
  • Public administration
Types of eligible projects
TECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION
NGen — AI For Manufacturing Challenge 2024
Grant and FundingArchived

NGen — AI For Manufacturing Challenge 2024

Next Generation Manufacturing Canada (NGen)
Support the commercialization of AI/ML solutions in Canadian manufacturing
Eligible Funding
  • From $1 to $2,100,000
  • Up to 35% of project cost
Eligible Industries
  • Manufacturing
Types of eligible projects
COMMERCIALIZATIONARTIFICIAL INTELLIGENCE (AI)DIGITAL TRANSFORMATION
PROMPT — PARTENAR-IA
Partnering and CollaborationGrant and FundingArchived

PROMPT — PARTENAR-IA

PROMPT
Funding for Quebec innovative collaborations in AI for ICT
Eligible Funding
  • Max. $1,500,000
  • Up to 50% of project cost
Eligible Industries
  • Professional, scientific and technical services
  • Educational services
  • Health care and social assistance
Types of eligible projects
ARTIFICIAL INTELLIGENCE (AI)
Career Launcher Apprenticeship Program
Grant and FundingArchived

Career Launcher Apprenticeship Program

Colleges and Institutes Canada
Financial incentive for employers in construction and manufacturing
Eligible Funding
  • From $5,000 to $10,000
Eligible Industries
  • Construction
  • Manufacturing
Types of eligible projects
CONSTRUCTION AND RENOVATION HUMAN RESOURCES
SDTC — Seed Funding
Grant and FundingArchived

SDTC — Seed Funding

Sustainable Development Technology Canada (SDTC)
Contributions for innovative environmental technologies
Eligible Funding
  • From $50,000 to $100,000
Eligible Industries
  • Professional, scientific and technical services
Types of eligible projects
TECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION

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Call for projects: Innovation and growth
Grant and FundingArchived

Call for projects: Innovation and growth

PME MTL
Montreal grant supports innovative business projects in strategic sectors
Eligible Funding
  • Max. $50,000
Eligible Industries
  • Information and cultural industries
Types of eligible projects
COMMERCIALIZATIONINNOVATION
SDTC — Scale Up Funding
Grant and FundingArchived

SDTC — Scale Up Funding

Sustainable Development Technology Canada (SDTC)
Funding for high-growth Canadian companies advancing sustainable technologies
Eligible Funding
  • Max. $4,000,000
  • Up to 33% of project cost
Eligible Industries
  • All industries
Types of eligible projects
TECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION
PRIMA — PARTENAR-IA — Academic
Grant and FundingArchived

PRIMA — PARTENAR-IA — Academic

Advanced Materials Research and Innovation Hub (PRIMA)
Funding for Quebec R&D collaborations in AI for advanced materials
Eligible Funding
  • Max. $500,000
  • Up to 50% of project cost
Eligible Industries
  • Manufacturing
Types of eligible projects
ARTIFICIAL INTELLIGENCE (AI)
Technology showcase program for buildings and innovative wood solutions
Grant and FundingArchived

Technology showcase program for buildings and innovative wood solutions

Gouvernement du Québec
Supports innovative wood construction to reduce greenhouse gas emissions
Eligible Funding
  • Max. $1,000,000
  • Up to 50% of project cost
Eligible Industries
  • Agriculture, forestry, fishing and hunting
  • Construction
  • Manufacturing
Types of eligible projects
TECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION
Sustainable Development Technology Canada — Scale Up Funding
Grant and FundingArchived

Sustainable Development Technology Canada — Scale Up Funding

Sustainable Development Technology Canada (SDTC)
Funding catalyst for emerging sustainable technology companies in Canada
Eligible Funding
  • Up to 33% of project cost
Eligible Industries
  • Professional, scientific and technical services
Types of eligible projects
COMMERCIALIZATIONTECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION
CAAIN — Livestock Innovation Program 2024
Grant and FundingArchived

CAAIN — Livestock Innovation Program 2024

Canadian Agri-Food Automation and Intelligence Network (CAAIN)
Advancing livestock efficiency through technological innovation and research
Eligible Funding
  • Max. $3,000,000
  • Up to 40% of project cost
Eligible Industries
  • Agriculture, forestry, fishing and hunting
Types of eligible projects
ARTIFICIAL INTELLIGENCE (AI)TECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION
The Artificial Intelligence innovation funding program (PIIA) - Part 2 : SMEs
Grant and FundingArchived

The Artificial Intelligence innovation funding program (PIIA) - Part 2 : SMEs

PROMPT
AI Innovation Funding Program for Quebec Businesses
Eligible Funding
  • Max. $350,000
  • Up to 50% of project cost
Eligible Industries
  • Manufacturing
  • Information and cultural industries
  • Professional, scientific and technical services
  • Other services (except public administration)
Types of eligible projects
ARTIFICIAL INTELLIGENCE (AI)TECHNOLOGYINNOVATION
The Artificial Intelligence innovation funding program (PIIA) - Part 1: Scope
Grant and FundingArchived

The Artificial Intelligence innovation funding program (PIIA) - Part 1: Scope

PROMPT
Quebec's AI innovation funding program for collaborations
Eligible Funding
  • Max. $1,500,000
  • Up to 50% of project cost
Eligible Industries
  • Information and cultural industries
  • Professional, scientific and technical services
  • Other services (except public administration)
Types of eligible projects
ARTIFICIAL INTELLIGENCE (AI)TECHNOLOGYINNOVATION

Have any questions about financing for businesses?

Learn more about how to finance business expenses

How to finance a business project in Canada

How do businesses finance their investments?

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