Closed
PacifiCan Business Acceleration Pilot (BizAP)
Support for BC business scale-up initiatives
Last Update: April 9, 2026
Funding available
$ 5,000,000
Timeline
- Open Date : October 26, 2023
- Closing date : December 14, 2023
Location
British Columbia, Canada
Overview
PacifiCan supports organizations helping high-growth businesses in British Columbia scale up. Funding supports activities such as capital attraction, mentoring, networking, and market development, with up to $5 million per project over three years.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop strategic partnerships
- Develop a new program or service
- Enhance an existing program
Eligible Funding
- Maximum amount : 5,000,000 $
- Up to 50% of project cost
Timeline
- Open Date : October 26, 2023
- Closing date : December 14, 2023
Eligible candidates
Eligible Industries
- All industries
Location
- British Columbia
Legal structures
- Non-profit
- Public or Parapublic institution
- For-profit business
- Social economy enterprise
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Rural or Northern Residents
- Startups
Non-profit candidates
Sector of operation
- Higher Education
- Economic, Social and Community Development
- Business Associations
Target groups
- Indigenous peoples
- Rural / Remote communities
- Business owners / entrepreneurs
Revenue structures
- All structures
Scope
- Municipal
- Regional
- Provincial
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Capital attraction activities
- Peer and expert mentoring and networking
- Market assessment and development
- Customer acquisition and retention support
- Business, technology, and IP strategy support
Documents Needed
- Expression of Interest form
- Project description and rationale
- Project activities and budget
- Financial statements
- Proof of other funding sources
Eligibility
Who is eligible?
- Not-for-profit organizations
- For-profit organizations
- Business accelerators
- Angel networks
- Indigenous organizations and Indigenous-owned businesses
- Industry associations, municipalities, post-secondary institutions, social enterprises, and consortia
Who is not eligible
- New venture creation and early-stage incubation projects
- Organizations that are not legal entities
Eligible expenses
- Equipment and machinery
- Wages, benefits, and management fees
- Consulting and technical services
- Subcontracting and specialized services
- Promotional materials and management tools
- Preproduction, IP-related, and development costs
Ineligible Costs and Activities
- Refinancing existing debt
- Assets purchased above fair market value
- Amortization costs
- Land acquisition and goodwill
- Hospitality, sole-sourced consultant fees, and advocacy work
- Costs incurred before the project funding start date
Eligible geographic areas
- British Columbia
Processing and Agreement
- EOIs are reviewed on a competitive basis.
- Only the strongest EOIs are invited to full application.
- Full applications go through due diligence review.
- Selected applicants receive a funding decision within 90 business days of a complete proposal, most of the time.
- Successful applicants sign a Contribution Agreement before funding is released.
Additional information
- The program is currently not accepting applications.
- Expressions of Interest were assessed competitively, and only the strongest were invited to full application.
- Successful applicants must sign a standard Contribution Agreement with PacifiCan.
- Projects can run for up to three years.
Contacts
Frequently Asked Questions about the PacifiCan Business Acceleration Pilot (BizAP) Program
Here are answers to the most common questions about the PacifiCan Business Acceleration Pilot (BizAP). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the PacifiCan Business Acceleration Pilot (BizAP)?
PacifiCan supports organizations helping high-growth businesses in British Columbia scale up. Funding supports activities such as capital attraction, mentoring, networking, and market development, with up to $5 million per project over three years.
How much funding can be received?
PacifiCan Business Acceleration Pilot (BizAP) Funds up to 50% of admissible expenses, capped at $5,000,000 per project.
What is the deadline to apply?
The application deadline for this grant program was December 14, 2023.
Who is eligible for the PacifiCan Business Acceleration Pilot (BizAP) program?
To be eligible for the PacifiCan Business Acceleration Pilot (BizAP) program, you must:
Legal entity with binding agreement capacity
Supports business scale-up
Targets high-growth-potential businesses
What expenses are eligible under PacifiCan Business Acceleration Pilot (BizAP)?
Capital attraction activities
Peer and expert mentoring and networking
Market assessment and development
Customer acquisition and retention support
Business, technology, and IP strategy support
Who can I contact for more information about the PacifiCan Business Acceleration Pilot (BizAP)?
You can contact Pacific Economic Development Canada (PacifiCan) by email at info@pacifican.gc.ca or by phone at 1-888-338-9378.
Where is the PacifiCan Business Acceleration Pilot (BizAP) available?
The PacifiCan Business Acceleration Pilot (BizAP) program is available the province of British Columbia.