CBDC Innovation Loan
- Open continuously
Overview
Get a loan of up to $150,000 to increase your business productivity with the introduction of new technology.
At a glance
Funding available
- Increase performance through digital transformation
- Develop a new product or service
- Optimize production processes
- Maximum amount : 150,000 $
- Open continuously
Eligible candidates
- All industries
- Nova Scotia
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Next steps
Activities funded
The CBDC Innovation Loan is designed to enhance business productivity and effectiveness through the adoption of new technologies. The eligible projects primarily focus on acquiring and implementing technology, alongside employee training to ensure successful utilization of innovations.
- Acquisition of new equipment, software, processes, or licenses.
- Installation and maintenance expenses related to the implementation of new technology.
- Training employees in the application and use of new technology.
- Development or modification of products and services to integrate new technologies.
- Repurposing existing methods for novel commercial applications.
Eligibility
Who is eligible?
The CBDC Innovation Loan is available to businesses in rural areas of Atlantic Canada that demonstrate potential for economic viability and commitment to innovation.
Eligible expenses
The CBDC Innovation Loan aims to bolster business productivity and effectiveness through the adoption of new technologies in rural Atlantic Canada. The eligible activities for this grant focus on acquiring and implementing technology that enhances business operations.
- Acquisition of new equipment, software, processes, or licenses that constitute new technology.
- Infrastructure changes or installation to support the application of new technology.
- Maintenance costs associated with the implementation and use of new technology.
- Training employees in the application and use of new technology.
Eligible geographic areas
This grant is specifically targeted towards supporting rural-based businesses located in Atlantic Canada. Eligible geographical areas align with the focus on enhancing the technology and productivity of these regions.
- Atlantic Canada rural areas.
Additional information
Here are additional relevant details for the CBDC Innovation Loan:
- Loans are available as term loans, demand loans, loan guarantees, or equity investments.
- Financial support may exceed $150,000 in specific cases based on CBDC discretion.
- After approval, CBDC may assist in employee training related to new technology adoption.
- Programs and services related to loans may vary by region in Atlantic Canada.
Documents and links
Contacts
Frequently Asked Questions about the CBDC Innovation Loan Program
What is the CBDC Innovation Loan?
How much funding can be received?
Who is eligible for the CBDC Innovation Loan program?
What expenses are eligible under CBDC Innovation Loan?
Who can I contact for more information about the CBDC Innovation Loan?
Where is the CBDC Innovation Loan available?
Is the CBDC Innovation Loan a grant, loan, or tax credit?
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