PacifiCan — Regional Economic Growth through Innovation — Business Scale-Up and Productivity

• A completed application submitted in the portal
• A completed BSP Use of Canadian Materials and Content Form
• A detailed project cost breakdown entered in the BSP Project Cost Detailing Sheet
• A completed BSP Technology Questionnaire for technology commercialization projects only
• A business plan, financial statements for at least 2 complete years, forecasted income statements and cash flow for the project duration, and written confirmation of funding from all sources

Who is eligible?

• High-growth, for-profit businesses incorporated in Canada
• Businesses that have been operating in Canada for at least 2 years
• Businesses with staffed operating facilities in British Columbia

Eligible expenses

• Equipment, machinery and other capital costs
• Wages and benefits
• Marketing and intellectual property costs
• Technology development and demonstrations
• Professional services

Ineligible Costs and Activities

• Basic and applied R&D at Technology Readiness Levels 1-6
• Land and buildings
• Salary bonuses, dividends, and entertainment expenses
• Refinancing of existing debts, amortization or depreciation of assets, and provisions for contingencies or commissions paid to consultants to secure funding
• Lobbying activities, membership fees, and donations

• Alignment with BSP program objectives and at least one priority area
• Clear and lasting economic benefits for British Columbians and Canadians, with significant economic outcomes
• Clear market demand, market size, and business potential
• Strong governance, financial management, financial capacity, and management capability to execute the project and repay funding
• Share of private investment relative to government assistance, use of Canadian Material and Content, and technology readiness for technology commercialization projects

• Review the eligibility requirements.
• Review the Applicant guide and Technical guide.
• Complete the BSP Use of Canadian Materials and Content Form, the BSP Project Cost Detailing Sheet, and the BSP Technology Questionnaire if applicable.
• Submit an application through the online application portal and select BC (PacifiCan) – Business Scale-Up and Productivity (BSP).

• Applications are assessed based on their strengths, and decisions are informed by program priorities and budgets, which may change at any time.
• As part of the detailed assessment, PacifiCan will require disclosure of pre-existing disbursements to third parties or senior executives and will conduct a credit check.
• For projects developing or commercializing new technology, a technical assessment may be done by the National Research Council's Industrial Research Assistance Program; for clean technology and resource projects, the Industrial Research Assistance Program may be consulted.
• PacifiCan anticipates funding decisions within approximately 90 business days from receiving a complete funding application.
• Successful recipients are funded by reimbursement of claims and must submit regular progress reports and financial statements throughout the project, from implementation through to the end of the repayment period.

• PacifiCan may consider an application submitted under one program for suitability and potential funding under other PacifiCan programs, subject to eligibility requirements and available funding.
• Information provided by applicants may be shared with other federal departments and agencies, provincial or territorial governments, and municipal governments to review projects and determine eligibility for other Government of Canada programs.
• Applicants are encouraged to report efforts to support inclusivity for Indigenous people, women and youth in line with the Government of Canada’s Inclusive Innovation Agenda.
• Use of Canadian materials and content is not a condition of funding, but depending on the amount of contribution sought it may be considered in assessing the project and recipients may be required to report on progress toward their targets.