How much funding can be received?

Get a financial contribution to help you scale up and expand, adopt and commercialize innovative technologies and processes, or diversify your markets. You can apply to this program as long as your project benefits Atlantic Canada.

grant_single_labels|projects

Business Scale-up and Productivity funding supports activities such as scaling up and expanding, adopting new technologies, improving productivity, creating new products, and exploring new markets.

Scaling up and expanding
Adopting new technologies
Improving productivity
Creating new products
Exploring new markets

grant_single|admissibleProjectsExample

$60,000

Charlottetown

Launch of a new organic skincare product line by a sole proprietorship

$85,000

Moncton

Development of eco-friendly packaging for a social economy enterprise

$45,000

Fredericton

Digitization of historical records for a non-profit organization with autonomous revenue

$120,000

St. John's

Implementation of advanced CRM software for greater productivity at a financial cooperative in St John's

$70,000

Saint John

Exploring new export markets for local seafood products by a limited partnership

grant_single_labels|admissibility

Business Scale-up and Productivity funding is available to businesses, non-profit organizations, and Indigenous-owned businesses to support growth and productivity enhancements.

Sole proprietorships, partnerships, social enterprises, incorporated companies, corporations, co-operatives, and all other types of enterprises are eligible
Non-profit organizations that offer services to businesses are also eligible

grant_eligibility_criteria|who_can_apply

There are eligible types of companies for this grant. The program funds various types of businesses, including sole proprietorships, partnerships, social enterprises, incorporated companies, corporations or co-operatives, Indigenous-owned businesses, and other types of enterprises.

Sole proprietorships
Partnerships
Social enterprises
Incorporated companies
Corporations or co-operatives
Indigenous-owned businesses
All other types of enterprises

grant_eligibility_criteria|who_cannot_apply

There are specific types of companies that are not eligible for this grant. Indigenous-owned businesses, sole proprietorships, partnerships, social enterprises, incorporated companies, corporations or co-operatives, and all other types of enterprises are eligible for the grant.

Indigenous-owned businesses
Sole proprietorships
Partnerships
Social enterprises
Incorporated companies
Corporations or co-operatives
All other types of enterprises

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include:

Scaling up and expanding businesses
Investing in new technologies
Improving productivity
Developing new products and exploring new markets

grant_single_labels|criteria

There are evaluation and selection criteria for this grant. The evaluation process considers various factors to determine eligibility and assess the potential impact of the project.

Evaluation criteria may include:
Alignment with program objectives
Viability and potential for growth
Economic impact and innovation
Capacity to implement the project
Benefit to the region and community

grant_single_labels|register

Step 1: Contact your nearest ACOA office to discuss your project.
Step 2: Complete and submit the Application for financial assistance.

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1-888-576-4444

Apply to this program

Regional Economic Growth through Innovation (REGI) Grant

Unlocking Opportunities for Business Growth and Innovation in Atlantic Canada

The Regional Economic Growth through Innovation (REGI) program by the Atlantic Canada Opportunities Agency (ACOA) aims to nurture a thriving economic environment in Atlantic Canada by supporting businesses and non-profit organizations to foster growth, productivity, and innovation. Under REGI, businesses can access funding for both Business Scale-up and Productivity initiatives as well as support for Regional Innovation Ecosystems.

Through the Business Scale-up and Productivity stream, businesses can accelerate their growth, enhance productivity, and expand into new markets supported by interest-free and unsecured contributions. This funding can be utilized for activities such as scaling up operations, embracing new technologies, creating innovative products, and exploring new markets to compete globally.

The Regional Innovation Ecosystems component of REGI focuses on empowering non-profit organizations to bolster businesses at various stages of development, fostering robust regional networks that drive growth and innovation. ACOA provides non-repayable contributions to organizations including strategic clusters, business accelerators, and incubators that fuel entrepreneurship, innovation, and global competitiveness. The program prioritizes supporting underrepresented groups such as women, Indigenous peoples, and young entrepreneurs, ensuring inclusive economic development.

Eligible applicants for the Business Scale-up and Productivity funding include various types of businesses, as well as non-profit organizations offering services to businesses. On the other hand, the Regional Innovation Ecosystems funding is available for post-secondary educational institutions, accelerators, angel networks, municipalities, and community-owned Indigenous businesses aiming to enhance economic resilience and innovation in Atlantic Canada.

The REGI program underscores its commitment to Indigenous businesses by providing tailored support for Indigenous youth, women, and community-owned businesses. If you belong to these groups, additional funding and flexible repayment options may be available to support your entrepreneurial endeavors. ACOA encourages aspiring entrepreneurs and businesses to reach out to explore funding opportunities and kickstart their growth journey through the REGI program.