Business advisory services for small and medium-sized businesses
ON, Canada
Advisory services for Ontario SMEs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
- grant_single|grantStatusClosed
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Ontario
grant_single|status
grant_card_status|open
grant_single_labels|preview
Connect with a senior business advisor to get tailored options, advice, analysis and practical recommendations to help your business scale and grow or overcome unique challenges.
grant_single_labels|projects
This program targets businesses specifically within certain regions of Ontario. It is tailored to assist businesses located in various parts of the province.
- Greater Toronto and Hamilton Area
- Niagara Region
- Simcoe County
- Muskoka Region
- All counties east of Durham Region
- All counties west of Hamilton Region
grant_single|admissibleProjectsExample
$60,000
Creating a digital platform for local artists to sell their work
$50,000
Expanding a local food bank's reach and services
$100,000
Launching an eco-friendly home goods store
$75,000
Launching an organic cosmetics line featuring local ingredients
$55,000
Developing a mobile app for tourists
$40,000
Setting up a new financial literacy program for youth
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the size and nature of the business seeking advisory services in Ontario.
- The business must be an established small or medium-sized enterprise with 10 to 500 employees.
- The business should be a producer of tradable goods and services across any sector.
grant_eligibility_criteria|eligible_expenses
This grant supports activities that enhance the growth and capacity of small and medium-sized businesses in Ontario. The eligible projects focus on providing advisory services and facilitating access to resources and networks for these businesses across various sectors.
- Providing tailored business advisory services to help businesses understand and address unique challenges.
- Helping businesses access capital and identify growth opportunities.
- Assisting with navigating government regulations and compliance requirements.
- Facilitating connections to provincial ministries and different levels of government for business support.
- Encouraging networking and partnerships with other businesses and local partners.
- Facilitating technology adoption and export readiness through discussions and referrals.
grant_eligibility_criteria|zone
The program supports specific types of business advisory services for growth and development of small and medium-sized businesses.
- Accessing capital funding-related advice.
- Organizational assessment services and opportunities identification.
- Guidance on government compliance and regulation navigation.
- Facilitating business networking and connections with local partners.
- Consultation for technology adoption and export readiness.
- Referrals to additional provincial and governmental support programs.
grant_single_labels|register
- Step 1: Identify Eligibility and Gather Information
- Contact your local Senior Business Advisor using the provided email or phone number to confirm your business's eligibility for support.
- Gather all relevant information regarding your business including size, sector, and specific advisory needs.
- Step 2: Prepare Required Documentation
- Prepare necessary documents such as business registration details, organizational charts, and proof of business operations in Ontario.
- Draft a detailed outline of your business needs and objectives for seeking advisory services.
- Step 3: Initial Consultation
- Schedule an initial consultation with a Senior Business Advisor through the provided contact emails or phone number.
- Discuss your business needs, growth objectives, and how the advisory services can assist in achieving them.
- Step 4: Develop Advisory Plan
- Work with your assigned advisor to develop a tailored business advisory plan.
- Include practical recommendations, timelines, and expected outcomes in the plan.
- Step 5: Confirm Participation
- Agree upon the advisory plan and confirm your participation in the program with your advisor.
- Ensure all required agreements or waivers are completed and submitted.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The program supports the growth of businesses across all sectors by providing tailored recommendations and practical advice.
- Senior Business Advisors facilitate connections with local partners to help find skilled staff and enhance business networks.
- Businesses receive support in technology adoption and export readiness programs to increase business capacity.
- There are additional resources available for specific industries such as food and beverage processing, tourism, and businesses in Northern Ontario.
Apply to this program
Empowering Business Growth in Ontario Through Advisory Services
This grant initiative seeks to enhance the growth and capacity of established small and medium-sized enterprises (SMEs) across Ontario by offering targeted business advisory services. It aims to provide comprehensive support through expert guidance, helping businesses overcome various operational challenges and achieve sustainable growth.
Detailed Overview of Business Advisory Services for Ontario SMEs
The grant program dedicated to business advisory services in Ontario is meticulously structured to bolster the operational and strategic capacities of small and medium-sized enterprises (SMEs). Tailored for businesses employing between 10 to 500 people, it covers a broad range of sectors including those involved in the production of tradable goods and services. With a focus on both established and burgeoning businesses, the program is designed to provide personalized guidance by senior business advisors who are seasoned in navigating the complex landscape of business growth and development.
One of the key offerings of this initiative is assisting SMEs in accessing capital. Capital is often the lifeblood of growing businesses, and through this program, companies can gain insights into various funding sources and prepare to engage with investors or secure loans effectively. Additionally, advisors conduct comprehensive assessments of a company's organizational strengths and provide well-analyzed recommendations to turn potential weaknesses into opportunities for growth.
A significant aspect of the advisory services is helping businesses navigate government dealings and regulations. Understanding government compliance, accessing government contracts, and building effective relationships with various provincial ministries are critical factors that can influence a company’s success in managing external business environments. The business advisors act as liaisons and facilitators, ensuring that SMEs can confidently manage these interactions without being overwhelmed by bureaucracy.
Moreover, the ability to network and create meaningful connections with other businesses is invaluable. Through this program, SMEs are encouraged to cultivate partnerships that not only expand their market reach but also enhance their operational capabilities by leveraging the strengths and insights of their peers. This networking enables businesses to tap into a larger pool of resources and knowledge, often leading to innovative collaborations.
Beyond internal resources, the advisory services also ensure that SMEs in Ontario have pathways to connect with local partners and skilled labor. This component of the program addresses one of the perennial challenges of locating and retaining talent, which is essential for operational success and continuity. Therefore, the grant doesn’t just stop at advisory— it empowers businesses to forge community connections and nurture local economies.
The program also emphasizes building business capacity through modern solutions such as technology adoption and readiness for exporting goods and services. In the fast-evolving global marketplace, having the capability to integrate new technologies is no longer optional but necessary for competitive advantage. Similarly, being prepared for export markets opens up new revenue streams and diversifies risk for SMEs.
Additionally, the grant provides access to a wealth of resources aimed at fostering entrepreneurship and innovation. From guidance on the procurement of funding and tax credits to assistance specific to various sectors such as food and beverage, tourism, and the unique needs of Northern Ontario businesses, the program is all-encompassing.
In sum, this grant for business advisory services in Ontario serves as a vital catalyst for SMEs seeking to scale their operations effectively while confronting the multifaceted challenges of the modern business world. By leveraging expert advice, accessing targeted resources, and fostering strategic partnerships, SMEs are well-positioned to compete on both national and international stages, ensuring their longevity and success in today’s marketplace.
