Business Scale-up and Productivity in British Columbia
No fixed amount
Grant
Description:
PacifiCan makes strategic investments in growing companies through its Business Scale-up and Productivity (BSP) program, in both established sectors creating value now and emerging sectors growing quickly. We are working to strengthen British Columbia’s position as a domestic and international leader in these sectors.
Comments on Funding:
Up to 50% of eligible project costs may be requested from PacifiCan:
minimum $200,000; maximum $5 million per project
maximum $10 million to any 1 organization (through multiple projects)
minimum 50% of total project funding required from confirmed non-government sources
all non-PacifiCan sources must be confirmed at time of application and after project approval
Applications are closed. Stay tuned for future intakes.
Eligibility:
Applicants must:
1. Be high-growth business* that is scaling up and producing innovative goods, services or technologies
2. Be incorporated to do business in Canada
3. have been in business for at least 2 years in Canada
4. have staffed operating facilities in British Columbia
5. submit evidence of confirmed funding, at the time of expression of interest submission, from all other sources, including government and non-government (non-government funding must represent at least 50% of the proposed project costs)
6. be looking to support or accelerate growth through the following activities:
a. Productivity improvement
b. Business scale-up
c. Technology commercialization
7. maximum project duration of 3 years
Application Steps:
Applicants must submit an expression of interest
Documentation Needed:
Applicants must submit:
1. financial statements for the past 2 years, as well as interim financial statements for at least the last 6-month period
2. business plan and other documents describing the proposed project, your company and its management team, and how it meets the high-growth definition
3. 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
