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 — Operational Efficiency?

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

What are BDC Advisory Services — Operational Efficiency's eligibility criterias?

Companies must aim to optimize operational efficiency using BDC advisory services. Applicants should be prepared to integrate digital tools and technologies to enhance competitiveness.

BDC Advisory Services — Operational Efficiency

Last Update: January 24, 2025

Canada

Advice to optimize your operations for growth

BDC Advisory Services — Operational Efficiency at a glance

Eligible Funding

No Condition

Timeline

Open Date : July 9, 2024

Financing Type

Expert Advice

Eligible Industries

Manufacturing
Professional, scientific and technical services
Administrative and support, waste management and remediation services

Grant Providers

Business Development Bank of Canada (BDC)
Government of Canada

Status

Open

Overview of the BDC Advisory Services — Operational Efficiency program

Get guidance on a structured approach that will help you fix your most pressing operational issues, boost your bottom line and set the stage for continuous improvements through practical tools, plan, virtual on site workshops, coaching and support.

Eligible projects & activities

There are operational efficiency projects and activities eligible for this grant. These include:

Optimizing operations by assessing sources of waste and improving processes
Integrating digital tools and technologies for efficiency and competitiveness
Building internal capabilities and tracking progress for continuous improvement

Examples of admissible projects:

$ 65,000

Enhancing book inventory processes at Maple Leaf Books through new digital tools

$ 120,000

Developing a comprehensive training program for employees at GreenEnergy Solutions Ltd

$ 70,000

Digitizing patient records for a more efficient healthcare system at HealthFirst Clinic

$ 150,000

Upgrading manufacturing processes to reduce waste and improve efficiency at ABC Manufacturing Co

$ 110,000

Implementing a continuous improvement program at ProClean Inc to enhance operational efficiency

$ 80,000

Implementing a digital inventory management system for FreshFoods Cooperative to enhance efficiency

Eligibility criteria of the BDC Advisory Services — Operational Efficiency program

Who is eligible?

Canadian businesses looking to optimize operations, integrate digital technologies, and improve efficiency are the target beneficiaries of this grant. The program appears to be facilitated by Business Development Bank of Canada (BDC) and may provide financial support for BDC advisory services.

Eligible expenses

This grant focuses on optimizing operational efficiency and integrating digital technology to enhance productivity and competitiveness. It backs projects that identify operational inefficiencies, employ digital tools, and support staff capability enhancement for better performance.

Assessment of operations to identify sources of waste and improve production capabilities.
Integration of digital tools and technologies to heighten efficiency and competitiveness.
Implementation of robotics and automation tools to increase productivity.
Delivery of virtual on-site workshops to enhance team knowledge and problem-solving abilities.
Development of operations management tools and plans for continuous improvement.
Provision of consultant support for effective operations management and KPI monitoring.

Eligible geographic areas

The grant covers expenses associated with optimizing operations and implementing digital technologies for business growth.

Cost of BDC advisory services for operational improvement projects.
Expenses related to virtual on-site workshops for team skill enhancement.
Purchase of tools and technologies such as robotics and automation.
Consulting and coaching fees for operational management.

Eligibility criteria of the BDC Advisory Services — Operational Efficiency program

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

Operational efficiency improvement potential
Company readiness for change
Applicant's commitment to implementation
Potential for sustainable growth

How to apply to the BDC Advisory Services — Operational Efficiency program

Contact BDC Representative

Reach out to your BDC representative or use the contact form on the website to express interest in the grant.
Ask about available financing options to cover advisory services.

Needs Assessment

Schedule an evaluation of your current operational practices with BDC consultants.
Identify specific areas for operational improvements and digital integration.

Develop Application Proposal

Work with BDC consultants to draft a proposal that outlines your operational goals, the areas of need identified, and the expected benefits of the grant program.
Include any necessary documentation, such as financial statements and process outlines.

Submit Application

Submit the completed application proposal to the BDC through the specified submission process, usually via an online portal or email.
Ensure all documents are included and the proposal is comprehensive and concise.

Follow Up