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 — Business Strategy?

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

What are BDC Advisory Services — Business Strategy's eligibility criterias?

The business must be seeking to develop a strategic plan that aligns with its vision. The business should be open to exploring alternative business models to enhance competitiveness and growth. The company must aim to improve its internal and external business environments.

BDC Advisory Services — Business Strategy

Last Update: January 24, 2025

Canada

Advice to create your roadmap to success

BDC Advisory Services — Business Strategy 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 — Business Strategy program

Get advice from experienced specialists on action oriented approaches focused on improving your business strategy through coaching, support and virtual or on-site workshops.

Financing terms and conditions

This grant provides financial assistance to help businesses cover the cost of BDC advisory services. Details about the financing modalities are structured to facilitate comprehensive support tailored to your business needs.

Financing is available to help cover the costs of engaging with BDC Advisory Services.
Potential for various financing options to align with business planning and strategic initiatives.
Customized financial plans to support different stages of strategic development and implementation.

Eligible projects & activities

The BDC Advisory Services grant supports the development and implementation of comprehensive business strategies aimed at enhancing efficiency and competitiveness. The eligible activities emphasize fostering strategic growth through planning, workshops, and expert consultation.

Leadership and management improvements through strategic planning.
Creation and refinement of comprehensive business strategies.
Improvement of sales and marketing strategies.
Enhancement of financial management practices.
Optimization of operational efficiency.
Advancement in human resource management.
Development of e-commerce solutions.
Integration of digital technologies.
Preparation for certifications to meet industry standards.
Participation in the Growth Driver Program aimed at business scaling.

Examples of admissible projects:

$ 18,000

Building a business growth strategy for a NPO

$ 13,000

Expanding operational capabilities for a Sole Proprietorship

$ 9,000

Improving business strategy for a Social Economy Enterprise

$ 15,000

Developing a strategic business plan for a Financial Cooperative

$ 20,000

Launching a new product line for a For-Profit Company

$ 20,000

Creating a strategic roadmap for a Non-Financial Cooperative

Eligibility criteria of the BDC Advisory Services — Business Strategy program

Eligibility for this program requires meeting specific criteria related to business status and planning services.

The applicant must be a business searching for strategic planning and advisory services.
The business should be interested in developing a strategic foundation and exploring business models.
The company must be willing to participate in virtual and on-site workshops.
Engagement with BDC advisory services is necessary for project execution.

Who is eligible?

The context provided did not outline specific evaluation and selection criteria for the grant in question. Therefore, it is unclear which organizations or projects might meet any particular criteria related to eligibility or selection.

Who is not eligible

There are certain types of companies that may not be eligible for this grant:

Non-Canadian companies
Businesses not operating in Canada
Companies engaged in illegal activities

Eligible expenses

This grant aims to enhance various aspects of business management and operational strategy to foster growth and efficiency. Eligible activities focus on strategic planning, exploring business models, and enhancing business environments.

Development of a comprehensive strategic plan reflecting the business vision.
Assessment of internal and external business environments for better competitive positioning.
Engagement with team members to ensure commitment to a common strategic vision.
Exploration and testing of alternative business models to improve market share and competitiveness.
Participation in virtual and on-site strategic planning workshops.
Access to coaching and support from experienced consultants to aid decision-making and organizational success.

Eligibility criteria of the BDC Advisory Services — Business Strategy program

There are evaluation and selection criteria for this grant. Applicants will be assessed based on the following criteria:

Evidence of a solid strategic foundation
Ability to get buy-in on a common vision and action plan
Exploration of alternative business models

How to apply to the BDC Advisory Services — Business Strategy program

Initial Inquiry

Contact a BDC representative to express your interest in the Growth Driver Program.
Discuss your business needs and objectives with the consultant.

Consultation

Schedule a consultation session with a BDC advisor to explore how the program aligns with your business goals.
Evaluate the benefits of the strategic planning services offered by BDC.

Proposal Preparation

Collaborate with BDC advisors to develop a preliminary strategic plan outline.
Identify key focus areas such as leadership, management, and digital technology.

Application Submission

Submit a formal application to BDC with assistance from their advisory team.
Include all relevant business documents and strategic goals in your submission.

Confirmation and Next Steps

Receive a confirmation from BDC acknowledging the receipt of your application.
Engage in further discussions with BDC to finalize the strategic roadmap for your business.

Additional information

Here are additional relevant details for this grant:

The grant can be combined with BDC's financing options for advisory services.
Applicants will receive coaching and support through virtual and on-site workshops.
Applicants can seek financing options to cover the cost of attending strategic planning workshops.
Impartial advice will be provided by experienced consultants to aid in decision-making and enhance success potential.
Testimonials from prior beneficiaries highlight rapid payback and readiness for expansion.