Ryerson University

Grant Summary

This grant provides financial support to small businesses in need of funding for expansion and growth projects. Applicants can receive up to $50,000 to help with equipment purchases, marketing campaigns, and other business development initiatives.

Explaining the Grant in Detail

Small businesses play a vital role in the economy, driving innovation and creating jobs. However, many small businesses struggle to access the funding they need to expand and grow. This grant aims to address this challenge by providing financial support to eligible businesses.

Applicants for this grant must meet certain criteria, including being a registered small business with a viable expansion plan. The grant funding can be used for a variety of purposes, such as purchasing new equipment, launching marketing campaigns, or hiring additional staff.

One of the key benefits of this grant is that it does not need to be repaid, providing a valuable source of non-repayable funding for small businesses. This can help businesses to invest in their growth without taking on additional debt or financial obligations.

By supporting small businesses in this way, the grant aims to stimulate economic growth, create jobs, and foster innovation. It can be a valuable resource for entrepreneurs and small business owners looking to take their ventures to the next level.

Overall, this grant provides a valuable opportunity for small businesses to access the funding they need to expand and thrive. By investing in the growth of small businesses, the grant can help to build a stronger, more resilient economy for the future.