Regional Economic Growth through Innovation — Business Scale-up and Productivity — ACOA
Canada
Financing to accelerate growth in Atlantic Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Arts, entertainment and recreation
grant_single|grantors
- Atlantic Canada Opportunities Agency (ACOA)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|contact
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.
