How much funding can be received?

<p>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.</p>

grant_single_labels|terms_and_conditions

This grant offers funding designed to enhance business growth through various innovative initiatives. The financing modalities are structured to facilitate the scaling and productivity improvement of businesses.

Unsecured and interest-free repayment contributions.
Funding applicable for scaling up, expanding market reach, adopting new technologies, and boosting productivity.

grant_single_labels|projects

This grant focuses on boosting business growth and productivity, helping businesses leverage new technologies and reach new markets. It aims to improve business efficiency, supporting the creation of new products and expansion into global markets.

Scale up and expand existing business operations.
Adopt and integrate new technologies to enhance business productivity.
Improve overall business productivity and operational efficiency.
Create new products to diversify offerings and engage new markets.

grant_single|admissibleProjectsExample

$ 60,000

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

$ 85,000

Development of eco-friendly packaging for a social economy enterprise

$ 45,000

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

$ 120,000

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

$ 70,000

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

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's type and the support they provide to businesses.

The applicant must be a business or non-profit organization.
Businesses eligible include sole proprietorships, partnerships, social enterprises, incorporated companies, corporations, co-operatives, and Indigenous-owned businesses.
Non-profit organizations eligible include post-secondary educational institutions, accelerators, business incubators, angel networks, social enterprises, and community-owned Indigenous businesses.
A group of eligible recipients such as an industry association or consortium may also apply.
Municipalities and municipal-type organizations can apply for funding as well.

grant_eligibility_criteria|who_can_apply

The REGI program through its Business Scale-up and Productivity initiative offers funding to a variety of businesses ranging from sole proprietorships to Indigenous-owned enterprises, including non-profit organizations serving businesses. Meanwhile, the Regional Innovation Ecosystems initiative supports non-profit entities such as educational institutions, social enterprises, and community-owned Indigenous businesses, fostering an inclusive and innovative regional economy.

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

This grant facilitates economic growth and innovation in Atlantic Canada by providing funding for businesses to scale up and enhance productivity, as well as support networks for under-represented groups. It covers a variety of projects designed to expand market reach, implement new technologies, and promote regional innovation ecosystems.

Scaling up and expanding business operations.
Maximizing the use of new technologies to improve productivity.
Creating new products and entering new markets.
Establishing and strengthening business support networks for under-represented groups.
Supporting strategic clusters and groups to build on regional strengths.
Facilitating business accelerators and incubators to assist start-ups and innovative companies.
Enhancing productivity and competitiveness of businesses to attract new investments and recruit talent.

grant_eligibility_criteria|zone

The grant is available to organizations located in Atlantic Canada as indicated by the funding body ACOA, which aims to develop businesses in this region. Only businesses and non-profit organizations in this specified region are eligible for funding support under this program.

Nova Scotia
New Brunswick
Prince Edward Island
Newfoundland and Labrador

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 ACOA Office
- Reach out to your nearest Atlantic Canada Opportunities Agency (ACOA) office to discuss your project details.
- Gather insights on project eligibility and funding details.
Step 2: Prepare Application
- Complete the "Application for financial assistance" form provided by ACOA.
- Ensure all required information and documentation accompany your application.
Step 3: Submit Application
- Submit the completed application form along with any necessary documents to the ACOA office.
- Confirm submission via a call or email, if necessary, to ensure receipt.

grant_single_labels|otherInfo

ACOA offers non-repayment contributions for Regional Innovation Ecosystems, where organizations can receive funding without having to pay it back.
There are specific support networks aimed at under-represented groups such as women, Indigenous peoples, and young entrepreneurs.
For Indigenous businesses, there is an opportunity for more funding or flexible repayment options.
Applicants can use the Open Government Portal to look up recently approved recipients under the keyword "REGI".