PrairiesCan — Regional Economic Growth through Innovation — Business Scale-Up and Productivity
Canada
Financing to accelerate growth in the Prairies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
grant_single|grantors
- Government of Canada
- Prairies Economic Development Canada (PRAIRIESCAN)
grant_single|status
grant_card_status|open
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Get a financial contribution to help you scale up and expand, adopt and commercialize innovative technologies and processes, or diversify your markets.
grant_single_labels|projects
There are eligible projects and activities for this grant:
- Productivity improvement through acquiring, adapting, and adopting new technologies and processes
- Business scale-up by developing or expanding markets and adopting best management practices
- Technology commercialization to grow and diversify markets through late-stage product development and demonstrations
grant_single|admissibleProjectsExample
$350,000
Calgary
Adopt advanced data analytics to improve customer insights and services
$500,000
Edmonton
Develop a new line of eco-friendly cleaning products for international markets
$450,000
Ottawa
Introduce advanced cybersecurity measures to protect client data
$500,000
Toronto
Upgrade manufacturing processes by acquiring new robotic assembly lines
$250,000
Vancouver
Expand our market reach by developing an e-commerce platform
$400,000
Montreal
Develop and commercialize a new eco-friendly packaging technology
grant_single_labels|admissibility
In order to be eligible for this grant, businesses must meet the following mandatory criteria:
- High-growth business that is scaling up and producing innovative goods, services or technologies
- Incorporated in Canada
- Have been in business for at least 2 years in Canada
- Have staffed operating facilities in the Prairie provinces
- Have confirmed, at the time of expression of interest submission, funding from all other sources, including government and non-government
- Non-government funding must represent at least 50% of the proposed project costs
- Be a high-growth business looking to support or accelerate growth through specific activities like productivity improvement, business scale-up, and technology commercialization.
grant_eligibility_criteria|who_can_apply
High-growth businesses that are operating in the Prairie Provinces for a minimum of 2 years and are looking to improve productivity, scale-up, and commercialize technology are eligible for this grant. Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees.
- High-growth businesses
- Small and medium-sized enterprises (SMEs)
- Operational in Prairie Provinces for at least 2 years
- Focus on productivity improvement, business scale-up, and technology commercialization
grant_eligibility_criteria|who_cannot_apply
Based on the BSP program guidelines, there are specific types of companies that are not eligible for this grant. These include:
- Companies that are not incorporated in Canada
- Companies that have been in business for less than 2 years in Canada
- Companies that do not have staffed operating facilities in the Prairie provinces
- Companies that do not have confirmed funding from all other sources, including government and non-government, representing at least 50% of the proposed project costs
- Companies that do not fall under the high-growth business category as defined by the program
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include capital costs (equipment, machinery), labour (wages, benefits), marketing, costs related to intellectual property, technology development and commercial demonstrations, professional, advisory, and technical services.
- Capital costs (equipment, machinery)
- Labour (wages, benefits)
- Marketing
- Costs related to intellectual property
- Technology development and commercial demonstrations
- Professional, advisory, and technical services
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The applications will be evaluated based on market potential, management capability, financial capacity, economic benefits, technology readiness, and departmental/regional priorities.
- Market potential
- Management capability
- Financial capacity
- Economic benefits
- Technology readiness (for technology commercialization projects)
- Departmental/regional priorities
grant_single_labels|register
- Step 1: Submit an expression of interest
- Complete the abbreviated online application form describing the project purpose, rationale, eligibility, activities, and budget.
- Use this step to determine if the project should advance to a full application.
- Step 2: Full application
- If the project advances, provide more details about the project through the online portal.
- This stage requires a more comprehensive submission of project details.
- Step 3: Wait for funding decision
- Within approximately 90 business days of receiving a complete funding application.
- Expect one successful BSP project per organization per calendar year.
grant_single_labels|contact
1-888-338-9378
Apply to this program
Business Scale-up and Productivity (BSP) in the Prairie Provinces
Business Scale-up and Productivity (BSP) is a grant program offered by Prairies Economic Development Canada (PrairiesCan) to support high-growth businesses in the Prairie Provinces that are focused on innovation, productivity improvement, technology commercialization, and business scale-up. The program provides interest-free, repayable funding to eligible businesses with a minimum of 2 years of operation in Canada, aiming to strengthen the economy and promote inclusivity.
Exploring the Business Scale-up and Productivity (BSP) Grant
The Business Scale-up and Productivity (BSP) grant, administered by Prairies Economic Development Canada (PrairiesCan), is designed to empower high-growth businesses in the Prairie Provinces to enhance their productivity, commercialize technologies, and scale up their operations. With a focus on fostering innovation and inclusivity, the program offers financial support to eligible businesses that have been operating in Canada for at least 2 years and are committed to driving economic growth in the region.
The BSP program targets incorporated businesses that are considered high-growth, demonstrating notable revenue increases year-over-year. These businesses must have a presence in the Prairie provinces and align with the program's key objectives of advancing productivity, scaling up operations, and commercializing technology. By providing interest-free, repayable funding, BSP aims to boost the competitiveness and sustainability of businesses across various sectors, including advanced manufacturing, clean resources, digital industries, health/bio-sciences, and more.
Eligible businesses can receive funding ranging from a minimum of $200,000 to a maximum of $5 million per project, with a requirement for at least 50% of total project funding to come from confirmed non-government sources. The grant covers incremental project costs such as capital expenses, labor, marketing, intellectual property, and technology development, while excluding certain ineligible costs like basic R&D, land acquisition, and entertainment expenses.
Applicants are expected to outline their project's expected outcomes, including job creation, revenue growth, export sales expansion, private sector investment attraction, and technology commercialization. PrairiesCan emphasizes the importance of inclusivity and encourages businesses to support underrepresented groups such as Indigenous peoples, women, and youth in their projects.
Upon successful application, businesses can receive funding disbursements based on approved project costs, with repayment terms including a 1-year grace period followed by equal monthly payments over 5 years. There is no penalty for early repayment, and the program aims to facilitate the growth and development of businesses while ensuring financial sustainability.
Overall, the Business Scale-up and Productivity (BSP) grant presents a valuable opportunity for high-growth businesses in the Prairie Provinces to accelerate their growth, innovation, and market expansion. By leveraging this funding support, businesses can enhance their competitiveness, drive economic impact, and contribute to building a stronger and more inclusive economy in the region.
