grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Department of Industry, Energy and Technology (NL)
  • Government of Newfoundland and Labrador
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a term loan at a 4.5% interest rate, for increasing productivity, taking advantage of export potential and improving your competitiveness.

grant_single_labels|projects

There are eligible activities for this grant:
  • Undertaking projects in strategic growth sectors as identified by Industry, Energy and Technology.
  • Projects requiring assistance to enter or expand in external markets.
  • Projects that complement funding from conventional sources and increase the capital base of businesses.
grant_single|admissibleProjectsExample

$400,000

Quebec City
Launching an export strategy for organic food products from Quebec City

$200,000

Toronto
Improving digital infrastructure for a non-profit organization

$850,000

Calgary
Developing a renewable energy initiative focusing on solar installations

$600,000

Halifax
Expanding manufacturing capabilities to increase productivity at Halifax facility

$650,000

Vancouver
Developing new software solutions for fintech market

$300,000

Winnipeg
Establishing a cooperative grocery store with a focus on local products

grant_single_labels|admissibility

  • Be a small and medium-sized enterprise (SME) based and operating in Newfoundland and Labrador having fewer than 100 employees and less than $10 million in sales.
  • Demonstrate its ability to undertake the work identified in the project proposal.
  • Demonstrate its ability to access the financial capital required to complete the project.
  • Operate in a strategic sector as defined by IET.
  • Be in good standing with the Government of Newfoundland and Labrador.

grant_eligibility_criteria|who_can_apply

Eligible companies for this grant must be small and medium-sized enterprises (SMEs) based in Newfoundland and Labrador with fewer than 100 employees and less than $10 million in sales. They must operate in strategic sectors as defined by Industry, Energy and Technology.
  • Small and medium-sized enterprises (SMEs)
  • Based and operating in Newfoundland and Labrador
  • Having fewer than 100 employees and less than $10 million in sales
  • Operating in strategic sectors as defined by Industry, Energy and Technology

grant_eligibility_criteria|who_cannot_apply

Some types of companies that are not eligible for this grant include:
  • Companies with more than 100 employees.
  • Companies with sales exceeding $10 million.

grant_single_labels|criteria

There are evaluation and selection criteria for the Business Investment Program grant in Canada. The criteria include being a small and medium-sized enterprise in Newfoundland and Labrador, demonstrating the ability to complete the proposed project, accessing required financial capital, operating in a strategic sector, and being in good standing with the government.
  • Be a small and medium-sized enterprise (SME) based and operating in Newfoundland and Labrador with fewer than 100 employees and less than $10 million in sales.
  • Demonstrate the ability to undertake the work identified in the project proposal.
  • Demonstrate the ability to access the financial capital required for the project.
  • Operate in a strategic sector as defined by IET.
  • Be in good standing with the Government of Newfoundland and Labrador.

grant_single_labels|register

  • Step 1: Review the eligibility criteria for the grant
    • Ensure the business is a small to medium-sized enterprise with fewer than 100 employees and less than $10 million in sales
    • Confirm the business operates in a strategic sector as defined by Industry, Energy and Technology
    • Check if the business is in good standing with the Government of Newfoundland and Labrador
  • Step 2: Prepare the project proposal
    • Demonstrate the ability to undertake the work outlined in the proposal
    • Show the capacity to access the necessary financial capital for the project
  • Step 3: Complete and submit the appropriate application form
    • Use the provided forms for commercial programs, ensuring all required information is included
    • Contact the Industry, Energy and Technology office for program details and assistance
Apply to this program