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BDC Capital — Growth & Transition Capital — Working Capital
Canada
Growth financing solutions for Canadian companies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJune 27, 2022
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get repayable financial support of up to $35 million to increase your working capital to fund your R&D, product and market development projects.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 2,000,000
Launching a line of eco-friendly skincare products
$ 1,200,000
Creating a bilingual online education platform for rural communities
$ 1,500,000
Developing a VR therapy platform for mental health treatment
$ 900,000
Developing a new AI-based financial forecasting tool for SMEs
$ 750,000
Expanding an organic produce market network
$ 1,000,000
Developing biodegradable packaging solutions for retailers
grant_single_labels|admissibility
There are specific eligibility criteria for this grant:
- Run an established or high-growth firm
- Have a strong management team
- Demonstrate quality of financial reporting
grant_eligibility_criteria|who_can_apply
Eligible companies for this grant are established or high-growth firms with a strong management team and a good financial reporting track record.
- Established or high-growth firms
- Strong management team
- Quality financial reporting
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include project-related costs such as research and development, product development, market expansion, and investments in intangible assets like intellectual property and goodwill.
- R&D expenses
- Product development costs
- Market expansion initiatives
- Investments in intellectual property and goodwill
grant_single_labels|register
- Step 1: Gather required financial and business documentation
- Include financial reports, business plans, tax returns, and any other relevant documents
- Implication: Ensures you have all necessary information to support your application
- Step 2: Complete the online application form
- Fill out all required fields accurately and provide detailed information about your business and financing needs
- Implication: Submits your request for Growth & Transition Capital financing
- Step 3: Await review and response from the Growth & Transition Capital experts
- Experts will evaluate your application and determine the best financing solution for your business
- Implication: Expect communication regarding approval, terms, and conditions
