How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the BDC Advisory Services?

BDC Advisory Services is funded by Business Development Bank of Canada (BDC), Government of Canada

What are BDC Advisory Services's eligibility criterias?

The business must be located in Canada. The business must be seeking advisory support for growth and transformation.

BDC Advisory Services

Last Update: January 24, 2025

Canada

Expert business advice

BDC Advisory Services at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Expert Advice

Eligible Industries

All industries

Grant Providers

Business Development Bank of Canada (BDC)
Government of Canada

Status

Open

Overview of the BDC Advisory Services program

Connect with highly experienced specialists who can help you better manage your business, increase revenues and optimize operations.

Financing terms and conditions

The BDC Advisory Services grant encompasses a financial backing structure designed to integrate advisory costs with tailored business advancements. The financing modalities are structured to cater to varying business needs and objectives.

Provision to finance the cost of BDC advisory services to aid project completion.
Access to a Canada-wide network of over 500 consultants, facilitating diverse expert guidance.

Eligible projects & activities

This grant provides extensive support through advisory services aimed at addressing business challenges and facilitating growth. Eligible activities involve strategic improvements, operational enhancements, and market expansion strategies across various business functions.

Leadership and Management enhancement to unlock business potential.
Strengthening Business Strategy with a solid strategic roadmap.
Structured Sales and Marketing activities to grow sales.
Comprehensive Financial Management to better manage cash flow.
Operational Efficiency improvements for boosting the bottom line.
Development of Human Resources management processes for talent retention.
Support for building a successful E-commerce presence.
Guidance on implementing Digital Technology and selecting the right tools.
Obtaining internationally recognized Certifications like ISO 9001, GMP.
Participation in tailored programs like Growth Driver and Business Performance Builder.

Examples of admissible projects:

$ 50,000

Streamline operational efficiency using advanced supply chain management software

$ 50,000

Develop a financial management system to improve budgeting and financial planning

$ 75,000

Implement a state-of-the-art e-commerce platform to improve online sales channels

$ 55,000

Upgrade digital technology for better data analytics and customer insights

$ 60,000

Enhance business strategy and operational efficiency through expert consultancy

$ 35,000

Obtain industry-specific certifications to enhance market credibility

Eligibility criteria of the BDC Advisory Services program

The eligibility for receiving support under the BDC advisory services is dependent on specific criteria related to the business and its activities.

The applicant must be a Canadian business seeking to overcome challenges or achieve growth milestones.
The business type or sector is not specifically restricted, as BDC supports a wide range of industries across Canada.
The applicant should be open to engaging with expert consultants and implementing practical, tangible solutions for business improvement.
The applicant is expected to participate in tailored programs like the Growth Driver or Business Performance Builder programs, when applicable, for growth and transformation.
There should be a willingness to collaborate with BDC consultants and integrate their advice into the business operations.

Who is eligible?

This advisory service program is designed for Canadian businesses seeking guidance to overcome challenges or achieve growth milestones across various business functions. The program offers tailored consulting services in management and operations to businesses across Canada, supported by a network of experienced consultants. Companies looking to improve their leadership, business strategy, sales, marketing, financial management, operational efficiency, human resources, E-commerce, digital technology, and obtain certifications could benefit from these services. Additionally, businesses aiming for growth and transformation through structured programs like the Growth Driver and Business Performance Builder programs are encouraged to apply.

Eligible expenses

This grant supports a range of advisory services aimed at enhancing business growth and resilience across Canada. Eligible projects focus on various areas critical to business success including strategy, management, and operational improvements.

Providing leadership and management training to unlock business potential.
Developing solid business strategies for future growth.
Implementing sales and marketing activities to increase sales.
Enhancing financial management practices to improve cash flow.
Improving operational efficiency and production processes.
Developing sound human resource management processes to attract and retain talent.
Building a successful e-commerce presence through coaching.
Guiding businesses through digital technology adoption.
Assisting businesses in achieving certifications like ISO 9001 and GMP.

Eligible geographic areas

The BDC Advisory Services are designed to support businesses across Canada through a widespread network of consultants. This nationwide initiative aims to assist companies in various Canadian regions with tailored expertise and support.

Enterprises operating anywhere within Canada.

Eligibility criteria of the BDC Advisory Services program

There are evaluation and selection criteria for this grant. The criteria include:

Business viability and sustainability
Demonstrated capacity to implement recommendations
Alignment with program objectives
Potential for growth and impact

How to apply to the BDC Advisory Services program

Initial Contact

Contact BDC to express interest in their advisory services and gain insights on the specific processes involved.
Schedule an assessment or consultation meeting with a BDC representative or consultant.

Needs Assessment

Participate in a needs assessment conducted by a BDC consultant to evaluate your business requirements.
Discuss potential advisory services that align with your business goals and challenges.

Plan Development

Work collaboratively with BDC consultants to develop a tailored advisory plan.
Outline the scope, objectives, and expected outcomes of the advisory services.

Application Submission

Prepare necessary documentation as required by BDC for the funding of advisory services.
Submit the completed application along with all required supporting documents to BDC.

Application Review and Confirmation

Await confirmation and feedback from BDC regarding the status of your application.
Receive confirmation of approval and discuss next steps for commencing advisory services.

Additional information

Here are additional relevant details for this grant:

BDC Advisory Services offers support in both English and French, ensuring accessibility for a broader range of applicants.
The organization has a proven track record with over 5,000 projects completed in the last three years.
Clients report a 93% satisfaction rate with the services received.
Testimonial evidence indicates that BDC is regarded as a supportive partner in entrepreneurship.
Consultants from BDC have been providing management consulting services for over 40 years, offering extensive experience.

National Research Council Canada (NRC)

Money to hire a student