How much funding can be received?

The grant offers a maximum funding amount of X, aimed at supporting innovative projects that enhance technological advancements within industries. Eligible activities include research and development, commercialization of new products, and scaling up business operations.

grant_single_labels|projects

grant_single|admissibleProjectsExample

$ 120,000

Implementing a cloud-based accounting software solution for small businesses

$ 100,000

Launching a new biodegradable packaging line to serve eco-conscious B2B clients

$ 110,000

Developing sustainable textile manufacturing using recycled materials

$ 90,000

Creating an online platform to connect Canadian artisans with corporate buyers

$ 130,000

Establishing a new co-working space tailored for tech startups

grant_single_labels|admissibility

To be eligible for this grant, businesses must meet specific criteria related to their establishment, location, industry, and financial planning.

Be legally constituted.
Be located in the DEL region or plan to be.
Operate in an eligible industry.
Offer innovative value-added products or services intended for a clearly defined profitable market in a B2B context.
Submit a project that will help to create and/or maintain jobs.
Demonstrate that your management team is experienced and complementary.
Submit a diversified financing structure, with strategic financial partners for executing the project.
Ensure government financing and DEL financing combined cover a maximum of 50% of the project expenses.
Demonstrate that the project is based on realistic financial forecasts, showing profitability and growth potential and potential to break even within 2 years of the investment.
Submit current financial statements showing an equity of 20% after the project with the ability to repay.
Demonstrate that the business and entrepreneur are not in default to the government or its creditors, nor are they the subject of any litigation.

grant_eligibility_criteria|who_can_apply

Eligible applicants for the Share Capital grant are businesses focused on innovation, resourcefulness, and potential growth within a B2B context. This includes those with clear market strategies and a robust management team.

Businesses offering innovative, value-added products or services aimed at a defined profitable B2B market.
Companies demonstrating significant growth potential and the ability to maintain or create jobs.
Projects with well-drafted financial strategies, proving capacity for profitability and job creation.
Entities aiming for a diverse financing structure with strategic financial partners.
Projects showing readiness for subsequent rounds of investment and financial stability post-investment.
Businesses with experienced and complementary management teams.

grant_single_labels|criteria

The evaluation and selection of projects for this grant are based on specific criteria that ensure alignment with the grant’s objectives and growth potential.

Potential of the project to create and/or maintain jobs.
Compatibility of the project's management team in terms of experience and complementary skills.
Diversity and strategic nature of the project's financing structure.
Realism and accuracy of the project's financial forecasts regarding profitability and growth.
Current financial standing of the business, reflecting strong equity post-investment and repayment ability.
Absence of any defaults or significant litigation involving the business or entrepreneur.

grant_single_labels|register

Step 1: Determine Eligibility
Review the eligibility criteria to ensure your business qualifies for the grant.
Ensure your business is located in the DEL region or plan to relocate there.
Step 2: Prepare Documentation
Gather required documents including your business model, financial statements, and projected forecasts.
Compile the entrepreneur’s personal financial statement and credit report.
Prepare a subscription agreement and shareholder agreement with exit clause.
Conduct a business valuation.
Step 3: Develop Application
Articulate a detailed project plan outlining how the grant will assist in growth or takeover.
Establish a diversified financing structure showing financial partners.
Highlight your management team’s experience and complementarity.
Step 4: Submit Application
Contact DEL to understand the exact submission process and obtain the application form.
Ensure all required documents are included and organized.
Submit the completed application and required documents to DEL as instructed.
Step 5: Follow Up
Receive confirmation of receipt of your application from DEL.
Be available to answer any further queries from DEL for clarification.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

Although the investment will not exceed 49% of the voting shares of the business, it implies a significant minority interest indicating a partnership approach beneficial for growth stages.
Applicants are expected to have a shareholder agreement with clear exit clauses, indicating an organized structure for the investment lifecycle from the outset.
The funding supports innovative high-growth potential projects, which suggests a preference for disruptive or novel business initiatives.
Clear exit clauses must be defined within a five to seven-year period, which necessitates strategic planning around exit readiness.
The grant can be combined with government funding, but these combined must not exceed 50% of the project's total expenses.