How much funding can be received?

The Share Capital program by DEL aims to support innovative businesses with high growth potential through equity investment, providing funding of up to $150,000. Eligible activities include creating or maintaining jobs, leveraging financing from strategic partners, and offering value-added products or services to a clearly defined profitable B2B market.

grant_single_labels|projects

Projects eligible for this share capital financing would generally include those that aim to offer innovative value-added products or services in a B2B context, with a focus on creating or maintaining jobs and demonstrating growth potential.

Innovative business projects with high growth potential
Projects that aim to create or maintain jobs
Projects demonstrating profitability and growth potential

grant_single|admissibleProjectsExample

$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

$120,000

Implementing a cloud-based accounting software solution for small businesses

$130,000

Establishing a new co-working space tailored for tech startups

grant_single_labels|admissibility

This grant is designed to support legally constituted businesses in the DEL region or planning to be, that operate in eligible industries and offer innovative value-added products or services in a B2B context.

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, showing financial partners that are strategic to carrying out the project
Submit a project for which 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 demonstrating 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 and 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

Yes, there are eligible types of companies for this grant. The eligibility criteria specify that companies must operate in an eligible industry, offer innovative value-added products or services intended for a clearly defined profitable market in a B2B context, and meet several other conditions.

Legally constituted businesses
Located in the DEL region or plan to be
Operate in an eligible industry
Offer innovative value-added products or services for a clearly defined profitable market in a B2B context
Submit a project that will help to create and/or maintain jobs
Have an experienced and complementary management team
Show a diversified financing structure with strategic financial partners
Government and DEL financing combined must cover a maximum of 50% of project expenses
Show realistic financial forecasts demonstrating profitability and growth potential, with potential to break even within 2 years of the investment
Submit financial statements showing equity of 20% after the project and ability to repay
Not in default to the government or creditors, nor the subject of any litigation

grant_eligibility_criteria|eligible_expenses

Yes, there are eligible expenses for this grant. They include various categories such as personnel costs and equipment costs.

Personnel costs
Equipment costs
Materials and supplies
Travel expenses
Consulting services
Administrative costs
Research and development costs
Training
Marketing and advertising costs
Facility rent or lease

grant_eligibility_criteria|zone

Eligible geographic zones for this grant include the DEL region. Businesses must be located in this area or plan to be.

DEL region
Planning to be located in the DEL region

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for this grant. Eligible businesses must meet these criteria to qualify for DEL's share capital investment.

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, showing financial partners that are strategic to carrying out the project
Submit a project for which 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 demonstrating 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 and 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_single_labels|register

Step 1: Ensure Eligibility
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 for a B2B market
Have a management team that is experienced and complementary
Show financial statements with an equity of 20% after the project and ability to repay
Not in default to government or creditors, nor subject to litigation
Step 2: Prepare Necessary Documents
Business model and revenue model or business plan
Financial statements for the past 3 years and current year
Projected financial forecasts for the next 2 years
Entrepreneur’s personal financial statement and credit report
Subscription agreement
Shareholder agreement with an exit clause
Shareholder structure showing liquidation preferences
Business valuation prior to the investment
Step 3: Develop Project Proposal
Submit a project that helps to create/maintain jobs
Show diversified financing structure with strategic financial partners
Ensure combined government and DEL financing covers a maximum of 50% of project expenses
Base the project on realistic financial forecasts
Step 4: Book an Appointment
Contact DEL to schedule a meeting for further guidance and submission

grant_single_labels|otherInfo

The grant aims to support innovative businesses with high growth potential in the DEL region, with a clear focus on job creation and profitability.

Maximum Amount: $150,000
Investment must not exceed 49% of the voting shares
Can be combined with conditionally non-repayable financing
Submit a diversified financing structure
Provide realistic financial forecasts
Business must not be in default to the government or creditors
Comprehensive documentation required, including business plan and financial statements

grant_single_labels|contact

450 645-2335

Apply to this program

An Unidentified Grant Opportunity

Understanding the Features and Benefits of This Grant

Without specific information regarding this particular grant, it is challenging to provide a detailed comprehensive analysis. However, in general, grants in Canada are offered by various levels of government and private organizations to support business growth and innovation. They are crucial for fostering technological advancements, supporting community initiatives, and addressing societal challenges through financial assistance.

Grants typically aim to support sectors integral to economic development, such as technology, clean energy, and manufacturing. They often target small and medium-sized enterprises (SMEs) that may lack the resources to independently fund ambitious projects. The funding can cover a wide range of needs, from purchasing equipment and funding research to creating prototypes or even market expansions.

Successful applicants usually must demonstrate a clear plan of action that aligns with the grant's objectives, ensuring their projects are sustainable and offer tangible benefits to the broader community. The grant might also provide indirect benefits such as networking opportunities and partnerships which are invaluable for businesses seeking growth.

Moreover, grant processes usually involve strict compliance and reporting requirements to ensure that funds are used appropriately. Applicants must be prepared to provide detailed documentation and regular updates on their project's progress, ensuring transparency and accountability.

In summary, while details about this specific grant were not available from the given context, understanding the general landscape of grants can provide valuable insights. Canadian grants are pivotal in driving innovation and economic development across diverse sectors, enabling businesses and organizations to achieve their growth objectives while contributing positively to society.