The Opportunity Calgary Investment Fund (OCIF)
The Opportunity Calgary Investment Fund was created by the City of Calgary in 2018 with a mandate to accelerate diversification and strengthen our economy.
We’re shaping Calgary’s economic future by finding opportunities with the greatest potential benefit to the city, fuelling those opportunities with capital and fostering their success by integrating each investment into a network of resources and people.
Offered by Calgary Economic Development
Amount
No fixed amount
Quick eligibility check
Who can apply
To qualify for funding, which can account for up to 50 per cent of the proposed project’s budget, the applicant:
Must be registered to do business in Canada
Cannot be an individual
Can be locally, nationally or internationally based
Can be for-profit, non-profit or a public institution
Can be a partnership, although a lead applicant must be identified
To qualify for funding the project must:
Be located in Calgary
Be catalytic and innovative
Create economic benefits and jobs in Calgary
Ineligible costs include but are not limited to:
Working capital
Marketing
Market research
Prototype development
About the funding
Funding is a non-repayable contribution. Stringent reporting requirements ensure the recipients meet the provisions of the agreement to receive the funding. Recipients not in compliance with the terms of the agreement may be subject to repaying all or some of the funds.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| BDC Growth & Transition Capital: Transfer a business | Loan, Investment | Financing from $250,000 to $35M, repayable over a period of 2 to 8 years, with capital payments postponable for the first 12 months | Open |
| BDC Growth & Transition Capital: Working Capital | Loan, Investment | Financing from $250,000 to $35M, repayable over 2 to 8 years | Open |
| BDC Growth Equity Partners | Investment | Equity investments from $3M to $45M, acquiring ownership stakes up to 49%, for growth capital or an ownership transition | Open |
| BDC Growth Venture Fund | Investment | No fixed amount | Open |
