Starter Company Plus
At a glance
- Max. $5,000
- 75% of project cost
- Open Date : November 14, 2019
- Management of companies and enterprises
- Arts, entertainment and recreation
- Government of Ontario
Overview
Eligibility criteria
The eligibility criteria for the Starter Company Plus grant are:
- Being 18 years of age or older
- Being an Ontario resident and Canadian citizen (or permanent resident)
- Not attending school full-time or returning to school
- Being able to contribute at least 25% of the grant amount in cash or in kind
Who is eligible
The grant is available for individuals who want to start a new company, expand an existing company, or buy a business in Ontario.
Evaluation & selection criteria
How to apply
- Step 1: Contact a Small Business Enterprise Centre
- Step 2: Apply for the grant through the Centre
- Step 3: Provide proof of eligibility and requirements
- Step 4: Wait for the application review process
- Step 5: If approved, receive the grant amount
Grant Summary
This grant provides support and funding opportunities for businesses and not-for-profit organizations in Ontario to help them start, grow, and succeed in various sectors, including Indigenous economic development, small business support, and technology innovation.
Exploring Business and Funding Opportunities in Ontario
Ontario offers a range of funding opportunities and programs tailored for business and not-for-profit ventures, aimed at fostering economic growth, job creation, and innovation. Entrepreneurs can access resources such as the Indigenous economic development initiatives, support for small businesses through programs like Starter Company Plus, and specialized funding for racialized and Indigenous entrepreneurs. These programs provide financial assistance, mentorship opportunities, and support services to help businesses thrive and succeed. By understanding the diverse funding options available, entrepreneurs can navigate the funding landscape more effectively and leverage resources to fuel their business growth.
Initiatives like Employee training programs, Futurpreneur, and the Digitalization Competence Centre aim to equip businesses with the necessary skills and technological tools to enhance their operations and remain competitive in today's market. Businesses can also explore opportunities for funding in different regions of Ontario, whether in Eastern Ontario, Northern Ontario, Southwestern Ontario, or Rural Ontario, to expand their reach and support local economies. Understanding the regulatory environment, such as permits, licences, insurance requirements, and workplace rules, is essential for businesses to operate legally and responsibly while safeguarding their assets and employees.
Additionally, businesses in Ontario can benefit from tax credit incentives, trade programs for export opportunities, and resources to enhance their market presence. Entrepreneurs can engage with Indigenous business development resources, access legal advice through Pro Bono Ontario, and explore investment needs with business consultants to facilitate growth and expansion. By leveraging technology and innovation centers, participating in the "Ontario Made" program, and collaborating with Small Business Enterprise Centres, businesses can gain access to valuable support, training, and networking opportunities to drive business success and contribute to Ontario's vibrant economic landscape.
