Business Development Program
Canada
Funding to help businesses in Atlantic Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Retail trade
- Other services (except public administration)
grant_single|grantors
- Government of Canada
- Atlantic Canada Opportunities Agency (ACOA)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get financial assistance to provide business services such as entrepreneurship development, marketing, training and technology transfer.
grant_single_labels|terms_and_conditions
The Business Development Program provides entrepreneurs and non-profit organizations in Atlantic Canada with interest-free, unsecured funding options to support business growth and development. The financing modalities are designed to ensure broad support for diverse business initiatives.
- Repayable funding for entrepreneurs, covering up to 50% of the capital needed for business expansion or launching new ventures.
- Interest-free contributions for business growth activities, covering up to 75% of costs related to staff training, efficiency studies, marketing/trade activities, productivity improvements, quality assurance, and environmental management systems.
grant_single_labels|projects
The Business Development Program provides support for business growth initiatives and activities. It aims to aid entrepreneurs and non-profit organizations in Atlantic Canada by offering funding for a variety of business enhancement endeavors.
- Staff training programs to enhance skills and productivity.
- Efficiency studies to optimize business operations.
- Marketing and trade activities to expand market reach.
- Productivity improvements to boost output and efficiency.
- Implementation of quality assurance measures.
- Development of environmental management systems.
- Business counselling and advice for SMEs.
- Training and specialized services offered by non-profits.
- Providing networking opportunities for business collaborations.
- Conducting research and development projects.
- Technology transfer initiatives to encourage innovation.
grant_single|admissibleProjectsExample
$ 45,000
Conduct a productivity improvement study focusing on automation of key manufacturing processes
$ 37,500
Launch a comprehensive marketing campaign to boost brand awareness across Canada
$ 35,000
Improve quality assurance processes to meet international certification standards
$ 25,000
Implement an advanced staff training program in new marketing strategies for growth
$ 30,000
Conduct an efficiency study for implementing Lean Manufacturing processes in operations
$ 40,000
Implement an environmental management system to improve our sustainability practices
grant_single_labels|admissibility
Eligibility for this grant program is aimed at both entrepreneurs and non-profit organizations seeking to foster business growth in Atlantic Canada.
- The applicant must be an entrepreneur looking to launch, modernize, or grow a business.
- The applicant could also be a non-profit organization that supports SME growth and competitiveness.
- Applicants must be located within Atlantic Canada.
grant_eligibility_criteria|who_can_apply
The Business Development Program is available to both entrepreneurs and non-profit organizations in Atlantic Canada. Entrepreneurs looking to launch, modernize, or grow their businesses can apply, as well as non-profit organizations that support the growth and competitiveness of Atlantic Canadian SMEs.
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for this grant. Companies involved in illegal activities or those that do not comply with regional regulations may not qualify.
- Companies engaged in illegal activities
- Businesses not compliant with regional regulations
grant_eligibility_criteria|eligible_expenses
The Business Development Program (BDP) offers support to entrepreneurs and non-profit organizations in Atlantic Canada for a variety of business growth activities. The eligible projects are geared towards expanding business capabilities and enhancing competitiveness in various operational areas.
- Staff training initiatives to improve workforce skills.
- Conducting efficiency studies to identify and implement cost-saving measures.
- Marketing and trade activities to expand market reach.
- Efforts aimed at enhancing productivity in business operations.
- Quality assurance programs to meet industry standards.
- Developing and implementing environmental management systems.
- Business counseling and advisory services for SMEs.
- Provision of training and specialized services to SMEs.
- Facilitation of networking opportunities for business growth.
- Research and development projects to foster innovation.
- Initiatives for technology transfer to improve competitive edge.
grant_eligibility_criteria|zone
This grant is specifically tailored for businesses located in Atlantic Canada, as determined by the Atlantic Canada Opportunities Agency (ACOA). The focus on this region aligns with efforts to foster economic development and business growth within these areas.
- Nova Scotia
- New Brunswick
- Prince Edward Island
- Newfoundland and Labrador
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria include:
- Demonstrated need for funding
- Viability and sustainability of the business
- Potential economic impact
- Alignment with ACOA's objectives
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Project Discussion
- Contact your nearest ACOA office to discuss your project and determine eligibility.
- Clarify any questions about the BDP funding program and application process.
- Step 2: Application Preparation
- Complete the Application for financial assistance provided by ACOA.
- Gather necessary project information and documents.
- Step 3: Submission
- Submit the completed application to the nearest ACOA office.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The funding is interest-free and unsecured, providing significant financial flexibility.
- Repayable funding is available for entrepreneurs to cover up to 50% of capital needs.
- Non-profit organizations can receive support to enhance SME competitiveness and productivity.
- ACOA Business Information Services offer personal, bilingual, and free consultation services for applicants.
grant_single_labels|contact
1-888-576-4444
