BDC Advisory Services — Operational Efficiency
grant_single|update January 24, 2025
Canada
Advice to optimize your operations for growth
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDate July 9, 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
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
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
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
grant_single_labels|apply
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