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|projects
This grant is available to small businesses and nonprofits operating in specific areas. The eligibility is restricted to particular locations to align with regional support objectives.
- Small businesses and nonprofits in St. John's.
- Entities located in Mount Pearl.
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
The grant covers expenses related to consulting services aimed at addressing specific challenges or opportunities for small businesses and non-profits.
- Diagnostic assessment fees conducted by a consultant.
- Business management skills development consulting fees.
- Trade assessment consulting fees.
- Competitiveness assessment consulting fees.
- Consulting fees for access to capital assessment.
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.
Apply to this program
Enhancing Business Growth with Consultant Advisory Services
The Consultant Advisory Services grant offers small businesses and nonprofit organizations in St. John's and Mount Pearl affordable access to professional consulting. This initiative covers up to 75% of consulting fees, with a maximum financial assistance of $5000, addressing specific business challenges and opportunities.
In-Depth Overview of Consultant Advisory Services Grant
The Consultant Advisory Services grant is an invaluable program crafted to support small businesses and nonprofits in St. John's and Mount Pearl by subsidizing the costs of hiring professional consultants. In today's competitive market, gaining expert advice can make a significant difference for organizations looking to overcome challenges, optimize operations, or explore new opportunities. Whether it's a diagnostic assessment to pinpoint operational inefficiencies, an evaluation of business management skills, or a detailed plan to enhance trade capabilities, this grant aims to equip businesses with the necessary insights and strategies needed to propel forward sustainably.
Under the program, businesses can receive financial support covering up to 75% of consultancy-related fees, with reimbursement available up to $5000. This significant subsidy opens doors for more organizations to access high-quality consultancy services that might otherwise be financially out of reach. Importantly, this grant is designed to be both flexible and client-focused, allowing for a speedy turnaround in service engagements, which is crucial for businesses needing timely solutions.
The eligibility extends to businesses and not-for-profit entities specifically within the geographical areas of St. John's and Mount Pearl, ensuring that the local market is strengthened by investing directly into its business community. The program not only financially assists these organizations but also emphasizes creating tailored plans that directly address individual client needs. This ensures that each business receives a bespoke service that truly reflects its challenges, industry context, and growth aspirations.
Additionally, the comprehensiveness of services afforded under the Consultant Advisory Services is notable. Organizations may choose from a wide array of assessments including trade assessments that help demystify export markets, competitive evaluations to provide strategies for enhancing market positioning, or access to capital guidance to streamline funding processes and remove financial barriers to growth. The outcomes from these consultancy services are meticulously documented in a final report, which businesses can use to implement changes and track progress effectively.
A strategic component of the grant is its adaptability, meaning the services can be quickly leveraged to address emerging problems or capitalize on new opportunities. Businesses are encouraged to use the consultant's expertise to not only tackle current challenges but also foresee potential growth trajectories and plan long-term strategic initiatives.
The application process is straightforward and encourages close collaboration between businesses and their chosen consultants. The client, playing a pivotal role, initiates the service request and works closely with the consultant to develop a proposal that meets the program's budgetary and strategic requirements. Once approved, an agreement permits the hired consultant to commence work, ensuring that businesses can quickly get the support they need without unnecessary delays.
This grant empowers small businesses and not-for-profits by not just providing financial relief but also emphasizing sustainable organizational growth through strategic consultancy. By leveraging this grant, organizations can demystify complex business challenges, harness opportunities for innovation, and implement strategies that foster resilience and competitiveness. Ultimately, the Consultant Advisory Services grant represents an opportunity for businesses to refine their operational strategies and sustainably drive forward their objectives within the community.
