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 Financing — Tech Companies?

BDC Financing — Tech Companies is funded by Business Development Bank of Canada (BDC), Government of Canada

What are BDC Financing — Tech Companies's eligibility criterias?

The business must be generating revenues for 12-24 months. The business should have monthly recurring revenues of $50,000 or more. However, other financing solutions are available for those with less.

BDC Financing — Tech Companies

Last Update: January 24, 2025

Canada

Loans for businesses in the technology sector

BDC Financing — Tech Companies at a glance

Eligible Funding

No Condition

Timeline

Open Date : March 23, 2022

Financing Type

Loans and Capital investments

Eligible Industries

Information and cultural industries
Professional, scientific and technical services

Grant Providers

Business Development Bank of Canada (BDC)
Government of Canada

Status

Open

Overview of the BDC Financing — Tech Companies program

Borrow money to help increase working capital, speed up customer acquisition and expand into new markets for your tech company.

Eligible projects & activities

The BDC Financing for Tech Companies provides opportunities for tech-oriented businesses to enhance their growth through strategic financial support. The eligible projects are centered around facilitating expansion, improving market competitiveness, and increasing operational capabilities.

Boosting growth plans by securing working capital for go-to-market acceleration, product development, and staff expansion.
Accelerating customer acquisition by investing in sales, advertising, and digital marketing campaigns.
Surpassing competitors through business acquisition and entry into new markets.

Examples of admissible projects:

$ 20,000

Implement a new customer loyalty program with advanced analytics

$ 35,000

Launch a virtual reality training module for healthcare workers

$ 25,000

Develop a mobile app to streamline customer service operations

$ 20,000

Initiate an e-commerce platform expansion for local artisans

$ 15,000

Expand online presence and enhance SEO for a tech blog

$ 25,000

Upgrade digital infrastructure for a financial cooperative

Eligibility criteria of the BDC Financing — Tech Companies program

Eligibility for financing solutions from BDC for tech companies is determined by specific requirements related to the company's revenue model and business status.

The company must be in the tech industry.
The company should have 12-24 months of generating revenues.
The business should ideally support a recurring fees revenue model with monthly revenues of $50,000 or more for specific solutions.
The applicants can include Indigenous entrepreneurs or newcomers to Canada.
The business should be at an earlier-stage scale-up or established growth mode.

Who is eligible?

This grant opportunity primarily targets Canadian technology companies seeking tailored, non-dilutive financing solutions to support various stages of business growth and development. Eligible applicants include tech-oriented businesses that have been generating revenues for 12-24 months. These companies can include earlier-stage scale-ups looking to secure their market position, as well as established businesses in growth mode. Special financing is accessible for inclusive entrepreneurship, such as Indigenous entrepreneurs or newcomers to Canada.

Eligible expenses

The eligible projects for this financing focus on providing financial support to tech companies aiming to enhance their operations and market position. These projects are designed to assist in growth, customer acquisition, and competitive strategy execution.

Boosting a company’s growth plan through working capital to accelerate market entry, product development, and staffing expansion.
Speeding up new customer acquisition by investing in sales, advertising, and digital marketing strategies.
Surpassing competitors by acquiring another business and expanding into new markets.

Eligible geographic areas

The BDC Financing — Tech Companies grant does not specify eligible geographical areas based on the information provided, nor is there any regional eligibility criterion mentioned directly in the context given.

Eligibility criteria of the BDC Financing — Tech Companies program

There are evaluation and selection criteria for this grant. BDC offers tailored financing solutions for tech companies with a focus on growth and flexibility.

Financial stability and growth potential of the tech company.
Relevant industry experience and expertise in the technology sector.
Ability to demonstrate a clear growth plan and market positioning strategy.
Monthly recurring revenues of $50,000 or more for certain financing options.

How to apply to the BDC Financing — Tech Companies program

Visit the BDC website to access the application form for the grant.

Fill out the required information in the application form accurately.

Submit the completed application form along with any necessary supporting documents.

Await approval from the BDC team, and if approved, finalize the details of the financing agreement.

Additional information

Here are additional relevant details for this financing solution:

Non-dilutive financing solutions are available, allowing entrepreneurs to access capital without giving up equity.
Payments schedules can be customized to fit the needs of the business, with options to delay principal payments initially.
BDC offers expertise and support specifically tailored to technology companies, recognizing their unique earning and spending patterns.
Flexible financial packages can be created by BDC's Growth & Transition Capital experts, which do not rely on traditional banking ratios or tangible assets.