Grant and Funding Programs Offered by Department of Industry, Energy and Technology (NL)
Overview of Available Grants and Funding
The Department of Industry, Energy and Technology (IET) in Newfoundland and Labrador is crucial in driving economic growth, technological advancement, and sustainable energy development in the province. It provides grants and funding to businesses and non-profit organizations to promote innovation and economic diversification, supporting a resilient and future-ready economy.
9 opportunities available

Grant and FundingOpen
Prospecting Assistance Grants
Government of Newfoundland and LabradorMoney for independent mineral exploration in Newfoundland and Labrador
Eligible Funding
- Max. $12,000
Eligible Industries
- Mining, quarrying, and oil and gas extraction
Types of eligible projects

Loans and Capital investmentsOpen
Investment Attraction Fund
Government of Newfoundland and LabradorNewfoundland and Labrador investment attraction fund
Eligible Funding
- No Condition
Eligible Industries
- All industries
Types of eligible projects
HUMAN RESOURCESBUSINESS BUYOUT

Loans and Capital investmentsOpen
Business Investment Program — Equity Investment
Government of Newfoundland and LabradorEquity funding for business improvement in Newfoundland and Labrador
Eligible Funding
- No Condition
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Information and cultural industries
Types of eligible projects
COMMERCIALIZATIONTECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION

Grant and FundingOpen
Regional Development Fund — Community Capacity Building
Government of Newfoundland and LabradorFinancial support for training in Newfoundland and Labrador
Eligible Funding
- Max. $10,000
Eligible Industries
- All industries
Types of eligible projects
COMMERCIALIZATIONCONSTRUCTION AND RENOVATION HUMAN RESOURCES

Loans and Capital investmentsOpen
Business Investment Program — Term Loan
Government of Newfoundland and LabradorLoan for business improvement in Newfoundland and Labrador
Eligible Funding
- No Condition
Eligible Industries
- Manufacturing
Types of eligible projects
COMMERCIALIZATION

Grant and FundingClosed
Business Development Support Program
Government of Newfoundland and LabradorMoney for business improvement in Newfoundland and Labrador
Eligible Funding
- Max. $100,000
- Up to 50% of project cost
Eligible Industries
- Manufacturing
- Wholesale trade
- Professional, scientific and technical services
- Other services (except public administration)
Types of eligible projects

Grant and FundingOpen
Regional Development Fund — Regional Development Program
Government of Newfoundland and LabradorFunding for regional development in Newfoundland and Labrador
Eligible Funding
- Max. $10,000
- Up to 25% of project cost
Eligible Industries
- All industries
Types of eligible projects
COMMERCIALIZATIONINNOVATION

Tax CreditsOpen
Economic Diversification and Growth Enterprises
Government of Newfoundland and LabradorIncentives to grow new business in Newfoundland and Labrador
Eligible Funding
- Min. $300,000
- Up to 50% of project cost
Eligible Industries
- All industries
Types of eligible projects
COMMERCIALIZATION

Grant and FundingOpen
Junior Exploration Assistance Program
Government of Newfoundland and LabradorMoney for the discovery of new mineral districts in Newfoundland and Labrador
Eligible Funding
- Max. $225,000
- Up to 75% of project cost
Eligible Industries
- Mining, quarrying, and oil and gas extraction
Types of eligible projects
TECHNOLOGY