Consulting Advisory Services
NL, Canada
Funds for business advisory services in Newfoundland and Labrador
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateMay 17, 2024
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Metro Business Opportunities
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get up to 75% of professional fees and costs reimbursed (maximum $5,000) for SMEs and non-profits.
grant_single_labels|terms_and_conditions
This grant provides substantial support for small businesses and non-profits needing professional consulting services. It ensures that the costs associated with hiring a consultant are affordable and geared towards enhancing growth and competitiveness.
- Coverage of up to 75% of professional consulting fees and costs.
- Maximum financial assistance of $5000 available per application.
grant_single_labels|projects
The Consulting Advisory Services grant supports small businesses and non-profit organizations in accessing professional consulting services. Eligible activities focus on diagnostic, management, trade, competitiveness, and financial assessments to enhance business growth and performance.
- Diagnostic Assessment: Evaluating specific or overall business operations to identify key issues and future prospects.
- Business Management Skills Development: Analyzing management practices and skills to identify performance enhancement opportunities.
- Trade Assessment: Evaluating areas related to trade, including export readiness and market strategies.
- Competitiveness Assessment: Analyzing capabilities to improve competitiveness through skills training and innovation.
- Access to Capital: Identifying optimal sources for accessing capital and overcoming related challenges.
grant_single|admissibleProjectsExample
$ 3,750
Conduct a trade assessment to explore new international markets for our products
$ 3,750
Implement a diagnostic assessment to improve overall business operations
$ 3,750
Enhance competitiveness through innovation strategy development and technology acquisition
$ 3,750
Analyze and develop a plan for accessing capital to expand our business
$ 3,750
Develop business management skills to enhance management practices in our cooperative
$ 3,750
Conduct a Competitiveness Assessment to improve production and innovation
grant_single_labels|admissibility
Eligibility for the Consultant Advisory Services grant is determined based on specific criteria related to the applicant's business type and location.
- The applicant must be a small business or non-profit organization.
- The business or organization must be located in St. John's or Mount Pearl.
grant_eligibility_criteria|who_can_apply
Small businesses and non-profit organizations located in St. John's and Mount Pearl can apply for the Consultant Advisory Services grant. This grant provides financial assistance of up to 75% of professional fees and costs, with a maximum of $5,000 available.
grant_eligibility_criteria|who_cannot_apply
Based on the grant context provided, there are no specific types of companies mentioned that are not eligible for this grant.
grant_eligibility_criteria|eligible_expenses
The eligible activities for the Consultant Advisory Services grant include diagnostic assessments and skill development evaluations addressing specific business needs. These activities are designed to help businesses and not-for-profits in St. John's and Mount Pearl overcome operational challenges and explore new opportunities.
- Diagnostic Assessment: Analysis of specific areas within the client's operation, with recommendations for growth.
- Business Management Skills Development: Evaluation of management practices to enhance performance.
- Trade Assessment: Analysis of marketing and distribution strategies with a focus on expanding trade.
- Competitiveness Assessment: Improvement of business competitiveness through skills training and innovation.
- Access to Capital: Recommendations for accessing financial resources and addressing capital challenges.
grant_eligibility_criteria|zone
This grant is available to small businesses and non-profit organizations located in specific geographical areas. The focus is on regions where businesses can benefit significantly from enhanced consulting capabilities.
- Small businesses and non-profit organizations in St. John's.
- Small businesses and non-profit organizations in Mount Pearl.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The evaluation process involves a set of criteria that the consultant proposal must meet to be considered for approval.
- The client must initiate the request for Consultant Advisory Services.
- The consultant's proposal should be developed with direct input from the client.
- The scope of work must stay within the program's budget of $6667, with a maximum of $5000 (75%) covered.
- The proposal should focus on a specific challenge, deficiency, or opportunity for the client.
- The outcome should be an action plan for the client to follow.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Initial Consultation
- Contact Metro Business Opportunities (MBO) to discuss your eligibility and ineligible activities for the Consultant Advisory Services program.
- Obtain the program application from MBO staff or download it online.
- Step 2: Identify Needs and Select Consultant
- Clearly define the specific challenge, deficiency, or opportunity your organization aims to address with the consultancy.
- Select a suitable consultant to prepare a proposal tailored to your identified needs.
- Step 3: Develop Consultant Proposal
- Work collaboratively with your chosen consultant to create a detailed proposal that outlines the scope of work and budget (within the program’s budget of $6667, of which $5000 can be covered).
- Ensure the proposal aligns with program requirements and focuses on practical deliverables and an action plan for growth.
- Step 4: Submit Application
- Compile the consultant’s proposal and complete the program application form.
- Submit the completed application and consultant proposal to an MBO Client Services Officer for assessment.
- Step 5: Await Approval
- Wait for the assessment of your submission by MBO. If approved, a contract will be issued to the consultant.
- The consultant must sign and return the contract to MBO within 10 business days to proceed.
- Step 6: Completion and Reimbursement
- Upon completion of the consultancy work, submit the consultant's final report, invoice, and your client evaluation form to MBO.
- MBO will process the reimbursement to cover 75% of the consultant’s fee, up to a maximum of $5000.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Taxes such as HST are not reimbursable through the program.
- The consultant is allowed a quick turnaround time which facilitates addressing urgent business challenges.
- The application process benefits from an initial consultation with Metro Business Opportunities staff to clarify eligibility and application steps.
- Clients must ensure proposals are specifically aligned with their distinct business challenges or opportunities for the application to be considered valid.
- There is a quick turnaround time for the application processing, helping businesses and nonprofits address challenges swiftly.
