Stand With Owners - Telus Business
Canada
The #StandWithOwners program empowers Canadian businesses with up to $200,000 in funding, national recognition, and technological support.
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Grant and Funding
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- Telus
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The grant program offers significant prizing to support and celebrate business success in Canada, with 20 businesses receiving various levels of funding and national recognition. Eligible activities include demonstrating business passion, purpose, and perseverance, with a focus on meaningful community impact and innovation. Both startups and established businesses, including nonprofits and franchises, can apply for a chance to win up to $200,000 in funding.
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Business owners can apply for this grant if they demonstrate and share their passion, purpose, and perseverance in their business operations.
- Describing what inspired them to start their business
- Explaining what makes their business unique
- Demonstrating how their business makes a meaningful impact on local economies and communities
- Sharing their track record of business growth
- Illustrating how they use technology to drive innovation
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To be eligible for this grant, businesses must meet specific requirements detailed below.
- Business startups are eligible if they demonstrate current or anticipated revenue streams.
- Nonprofits, including charities, are eligible to apply.
- Franchisees are eligible if they demonstrate how their business stands out from the competition.
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There are several types of companies eligible for this grant. Eligible companies include business startups, nonprofits (including charities), and franchisees with specific requirements.
- Business startups: must demonstrate current or anticipated revenue streams (e.g., pre-orders).
- Nonprofits: including charities.
- Franchisees: must demonstrate how their business stands out from the competition, including other franchisees.
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The eligible geographic zones for this grant are within Canada. Businesses must be based in any Canadian province or territory.
- All provinces in Canada
- All territories in Canada
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This grant evaluates applicants based on their passion, purpose, and perseverance in running their businesses. They look for business owners who can demonstrate what makes their business unique, the meaningful impact they have on their local economies and communities, and their proven track record of business growth and innovation through technology.
- Passion: What you do, what inspired you to start your business, and what makes your business unique.
- Purpose: The meaningful impact your business has on local economies and communities.
- Perseverance: Proven track record of business growth and innovation, especially through the use of technology.
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- Step 1: Review eligibility requirements - Ensure your business qualifies by checking eligibility criteria for startups, nonprofits, and franchisees.
- Step 2: Prepare your application - Gather necessary information that demonstrates your business's passion, purpose, and perseverance, including your business story, its unique aspects, and a track record of innovation.
- Step 3: Submit your application - Apply within the specified application period from June 4, 2024, to September 4, 2024, before 11:59 pm ET.
- Step 4: Await winner announcement - Winners will be announced and celebrated on October 15, 2024.
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Applications are open for the grant, offering significant prizes for business owners who demonstrate passion, purpose, and perseverance.
- Applications open on June 4, 2024.
- Applications close on September 4, 2024 at 11:59 pm ET.
- Winners will be announced and celebrated on October 15, 2024.
- 5 grand prize winners receive $200,000 in funding and national recognition.
- 15 finalists receive $20,000 in funding and technology.
- Nonprofits, business startups, and franchisees are eligible to apply.
- TELUS has committed $5 million since 2020 to support Canadian business owners through the #StandWithOwners program.
Apply to this program
Summary of the $200,000 Business Grant Opportunity
This grant offers a funding chance of up to $200,000 to numerous Canadian business owners who showcase passion, purpose, and perseverance in their ventures. Successful applicants gain recognition, funding, and technological support to further grow their businesses.
Detailed Information on the $200,000 Business Grant
The $200,000 Business Grant is a golden opportunity for Canadian business owners who are looking to propel their enterprises to the next level. This grant, organized by a partnership designed to support Canadian businesses, provides substantial financial aid, national recognition, and technological assistance. Here is an in-depth look at the grant and how you can harness its benefits.
Eligibility Criteria
The grant is open to various types of businesses, including startups, nonprofits, and franchisees. The key requirement is that all applicants must demonstrate either current or anticipated revenue streams. For startups, this could mean showcasing pre-orders or a robust pipeline of expected sales. Nonprofits and charities, too, are encouraged to apply, provided they can exhibit their unique impact on their local communities. Franchisees must highlight how they stand out from their competition, including other similar franchises.
Applications open on June 4, 2024, and close on September 4, 2024, at 11:59 PM ET. Therefore, interested parties must ensure that they submit their applications within this timeframe to be considered for the grant. The winners will be announced and celebrated on October 15, 2024, making it crucial for applicants to keep these dates in mind.
Application Requirements
Applicants are required to share detailed information on three major aspects of their business:
- Passion: Business owners need to articulate what inspired them to start their venture and what makes their business unique. This section should also cover the owner’s personal drive and commitment to their business. The story behind the business start and its unique selling proposition are essential components that could set an application apart.
- Purpose: This aspect looks into the meaningful impact the business has on local economies and communities. Business owners should explain why they do what they do and how their business contributes to the overall well-being and growth of their community. Highlighting local partnerships, community projects, and charitable involvements can significantly strengthen this section.
- Perseverance: Business owners must demonstrate their proven track record of business growth and how they have navigated through challenging times. This section should include examples of innovation and how technology has been leveraged to drive the business forward. Any instances where the business overcame significant hurdles to achieve success should be elaborated upon here.
Prizes and Benefits
The grant awards twelve grand prizes of $200,000 each to the most deserving businesses, along with national recognition. This kind of high-level acknowledgement can greatly enhance the visibility and credibility of a business. Additionally, 15 finalists will receive $20,000 each in funding and technology, providing substantial support to further their business goals.
The $200,000 prize is intended to help businesses invest in growth initiatives, whether that involves scaling operations, entering new markets, or enhancing their product or service offerings. The additional technology support ensures that businesses have the tools they need to operate efficiently and effectively, enabling them to gain a competitive edge in their respective industries.
How to Strengthen Your Application
To increase the chances of winning this prestigious grant, applicants should consider the following tips:
- Be Authentic: Authenticity in sharing your story and the journey of your business can create a lasting impression on the judges. Ensure that your narrative is genuine and reflects your unique experiences and challenges.
- Highlight Impact: Clearly illustrate the impact your business has on the community. Use data and testimonials whenever possible to back up your claims and demonstrate the tangible difference your business makes.
- Showcase Innovation: Emphasize any innovative approaches or technologies that your business employs. Explain how these innovations have contributed to your business growth and how they set your business apart from competitors.
- Provide Detailed Financials: Ensure that your financial projections and revenue streams are clear and well-documented. This transparency will help build confidence in your business's sustainability and growth potential.
- Prepare Early: Starting your application early will give you ample time to gather all necessary documents and polish your narrative. Procrastination can lead to rushed submissions that may not fully capture the essence of your business.
Past Winners and Their Stories
Examining past winners can provide valuable insights and inspiration for new applicants. Winners such as Georges Aczam of AquaVerti Farms Inc., Rachelle Séguin of Omy Laboratories, and Carlyn Loncaric of VodaSafe have all demonstrated the qualities of passion, purpose, and perseverance that this grant seeks to reward.
For example, Georges Aczam's AquaVerti Farms Inc. stood out due to its innovative approach to urban farming, which not only helps solve food security issues but also promotes sustainable agricultural practices. Similarly, Rachelle Séguin’s unique approach to premium skincare products at Omy Laboratories highlighted her passion and commitment to creating meaningful impact within her community.
Real-life stories like these underline the importance of authenticity, community impact, and innovation in the application process. As a potential applicant, you should aim to craft a narrative that showcases these qualities in your business.
Conclusion
The $200,000 Business Grant is a remarkable opportunity for Canadian businesses to receive significant financial support, national recognition, and technological assistance. By focusing on your passion, purpose, and perseverance, and adhering to the application tips provided, you can greatly enhance your chances of winning this grant. Start preparing your application early to ensure it stands out and accurately reflects the strengths and potential of your business.
