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CBDC Entrepreneurial Opportunities Program (EOP) - Newfoundland and Labrador - Canada
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CBDC Entrepreneurial Opportunities Program (EOP)

Support and startup funding for NL entrepreneurs
Community Business Development Corporations (CBDC)
Last Update: March 4, 2026
Funding available
$ 5,000
Timeline
  • Open continuously
Location
Newfoundland and Labrador, Canada

Overview

Get up to $5,000 in financial assistance, as well as business-plan guidance, business counselling and training to become self-employed in Newfoundland and Labrador if you are receiving or are eligible to receive Provincial Income Support.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Develop workforce skills
Eligible Funding
  • Maximum amount : 5,000 $
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • All industries
Location
  • Newfoundland and Labrador
Legal structures
  • Sole proprietorship
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • All groups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

The Entrepreneurial Opportunities Program (EOP) supports activities that aid individuals in becoming self-employed by offering various forms of business assistance. Eligible initiatives include those that provide guidance and training essential for launching and sustaining a small business.

  • Development and refinement of a comprehensive business plan with professional guidance.
  • Engagement in business counselling sessions to address start-up challenges and strategic growth.
  • Participation in general business training workshops to enhance operational skills.
  • Utilization of financial assistance for initial business expenses up to the program limit.

Eligibility

Who is eligible?

Individuals who are receiving or eligible to receive Provincial Income Support in Newfoundland and Labrador are eligible to apply for the Entrepreneurial Opportunities Program (EOP).

Who is not eligible

There are certain types of companies that are not eligible for this grant:

  • Companies not receiving or eligible for Provincial Income Support

Eligible expenses

This grant program offers support to individuals aiming to become self-employed through various initiatives that encourage entrepreneurship. The eligible activities include developing a business plan, receiving business counseling, undergoing business training, and obtaining financial assistance.

  • Guidance in the creation and development of a comprehensive business plan.
  • Access to professional business counseling services to support entrepreneurial ventures.
  • Participation in general business training programs to enhance business knowledge and skills.
  • Provision of financial assistance up to $5,000 to support business startup activities.

Additional information

Here are additional relevant details for this grant:

  • The program offers support that may include mentorship and networking opportunities through partnerships with local business support organizations.
  • Participation in the program might provide preferential access to resources or seminars associated with Metro Business Opportunities (MBO).
  • Applicants may have access to follow-up support or guidance even after initial funding or training is provided.

Contacts

1-888-303-2232

Frequently Asked Questions about the CBDC Entrepreneurial Opportunities Program (EOP) Program

Here are answers to the most common questions about the CBDC Entrepreneurial Opportunities Program (EOP). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the CBDC Entrepreneurial Opportunities Program (EOP)?

Get up to $5,000 in financial assistance, as well as business-plan guidance, business counselling and training to become self-employed in Newfoundland and Labrador if you are receiving or are eligible to receive Provincial Income Support.

How much funding can be received?

CBDC Entrepreneurial Opportunities Program (EOP) Funds up to $5,000 of admissible expenses.

Who is eligible for the CBDC Entrepreneurial Opportunities Program (EOP) program?

To be eligible for the CBDC Entrepreneurial Opportunities Program (EOP) program, you must: Available to individuals who are receiving or eligible to receive Provincial Income Support.

What expenses are eligible under CBDC Entrepreneurial Opportunities Program (EOP)?

The Entrepreneurial Opportunities Program (EOP) supports activities that aid individuals in becoming self-employed by offering various forms of business assistance. Eligible initiatives include those that provide guidance and training essential for launching and sustaining a small business. Development and refinement of a comprehensive business plan with professional guidance. Engagement in business counselling sessions to address start-up challenges and strategic growth. Participation in general business training workshops to enhance operational skills. Utilization of financial assistance for initial business expenses up to the program limit.

Who can I contact for more information about the CBDC Entrepreneurial Opportunities Program (EOP)?

You can contact Community Business Development Corporations (CBDC) or by phone at 1-888-303-2232.

Where is the CBDC Entrepreneurial Opportunities Program (EOP) available?

The CBDC Entrepreneurial Opportunities Program (EOP) program is available the province of Newfoundland and Labrador.

Is the CBDC Entrepreneurial Opportunities Program (EOP) a grant, loan, or tax credit?

CBDC Entrepreneurial Opportunities Program (EOP) is a Grant and Funding

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