BDC Advisory Services — Operational Efficiency
Canada
Advice to optimize your operations for growth
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
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
grant_single|admissibleProjectsExample
$65,000
Calgary
Enhancing book inventory processes at Maple Leaf Books through new digital tools
$120,000
Vancouver
Developing a comprehensive training program for employees at GreenEnergy Solutions Ltd
$70,000
Ottawa
Digitizing patient records for a more efficient healthcare system at HealthFirst Clinic
$150,000
Toronto
Upgrading manufacturing processes to reduce waste and improve efficiency at ABC Manufacturing Co
$110,000
Edmonton
Implementing a continuous improvement program at ProClean Inc to enhance operational efficiency
$80,000
Montreal
Implementing a digital inventory management system for FreshFoods Cooperative to enhance efficiency
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant. Companies that are looking to optimize their operations for growth, improve their operational efficiency, and integrate digital technologies are suitable for this grant.
- Companies aiming to assess and optimize their operations
- Companies seeking to integrate digital tools and technologies
- Organizations striving to work smarter, enhance team capabilities, and track progress
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include operational efficiency improvements such as process optimization, digital integration tools, and training for team capability enhancement.
- Process optimization
- Digital integration tools
- Training for team capability enhancement
grant_single_labels|criteria
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
Apply to this program
Operational Efficiency Grant
Optimize your operations for growth
Efficient operations are essential in today's competitive market and digital technology landscape. This grant offers a structured approach to identify and address operational inefficiencies, improve processes, boost profitability, and facilitate continuous improvement.
With a focus on optimizing operations, integrating digital tools, and enhancing team capabilities, businesses can benefit from virtual workshops, tools for implementation, coaching support, and real-world success stories from companies that have leveraged operational efficiency for sustainable growth.
