Business Scale-up and Productivity (BSP) in the Prairie provinces
$10,000,000.00
Grant, Loan
Description:
Funding for small and medium-sized businesses to scale up and produce innovative goods, services or technologies.
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must be:
1. high-growth business that is scaling up and producing innovative goods, services or technologies
2. incorporated in Canada
3. have been in business for at least 2 years in Canada
4. have staffed operating facilities in the Prairie provinces
5. have confirmed, at the time of expression of interest submission, funding from all other sources, including government and non-government
6. non-government funding must represent at least 50% of the proposed project costs
7. be a high-growth business looking to support or accelerate growth through the following activities:
a. Productivity improvement
b. Business scale-up
c. Technology commercialization
8. maximum project duration of 3 years, focused on 1 or more of the following areas:
a. Advanced manufacturing
b. Clean resources
c. Clean technology
d. Digital industries
e. Health/bio-sciences
f. Natural resources value-added processing
g. Value-added agriculture
Application Steps:
Applicants must submit an online Expression of interest (EOI)
Documentation Needed:
Applicants must submit:
1. Expression of interest (EOI)
2. financial statements for the past 2 years, as well as interim financial statements for at least the last 6-month period
3. other supporting information (such as business plan, pitch deck) detailing your organization, how it meets the high-growth definition, and details about the proposed project
4. confirmation of other funding sources (such as bank statements, unused portion of lines of credit, official letters of intent, funding agreements, signed term sheets):
a. funding provided by applicant:
i. current bank statements detailing existing cash balances or the unused portion of lines of credit
b. funding provided by third-party sources:
i. official letters of confirmed/conditional funding
ii. funding agreements
iii.signed term sheets
Other Things to Note:
About the author
Maurice
