Business Scale-up and Productivity stream 1 under Rural Growth and Innovation in Southern Ontario

By mmuise
Description:

The Business Scale-up and Productivity (BSP) Stream helps to accelerate the growth of firms and assist with the adoption of new, innovative technologies that support scale-up, productivity, and the development of and entry into new markets to help companies become globally competitive.


Comments on Funding:

Funding is up to 35% of eligible project costs and ranges from $500,000 up to $10 million per project. Funding is a no-interest, repayable contribution.
Applicants must provide minimum 65% funding for the project.
Total government funding for a project is up to 75% of eligible non-capital costs and up to 50% of eligible capital costs.

Deadline: Applications are closed. Stay tuned for future intake announcements.
Eligibility:

Applicants must:

  • be Canadian or provincially incorporated businesses,
  • be Indigenous organizations such as Indigenous-owned businesses,
  • be co-operatives,
  • be located in southern Ontario,
  • be legal entities capable of entering into legally binding agreements;
  • be able to provide a minimum of 65% project funding;
  • normally have a minimum of five (5) full time employees;
  • have sustainable business model;
  • have the financial capacity to complete the project and repay the contribution in full;
  • demonstrate managerial, technical, and operational capacity to achieve the project's stated objectives in a timely manner;
    1
  • demonstrate market/industry demand (e.g., how the project addresses a significant gap in the market; global opportunity to be seized within Canada; and evidence that southern Ontario is uniquely positioned to capture market share).
    1
  • demonstrate potential for market growth, diversification of export markets and/or participation in global value chains;
    12 . have a viable project plan with achievable outcomes, supported by verifiable cost estimates.
    This Stream is not intended to support smaller start ups and entrepreneurs.
Application Steps:

1. Applicants are strongly encouraged to contact FedDev Ontario prior to submitting an application.

2. FedDev Ontario has a single-phase application process and one Application for Funding that is used across all three Streams of innovation programming.

Documentation Needed:

Applicants must demonstrate:
1. evidence of project funding,
2. market/industry demand (e.g., how the project addresses a significant gap in the market; global opportunity to be seized within Canada; and evidence that southern Ontario is uniquely positioned to capture market share),
3. a viable project plan with achievable outcomes, supported by verifiable cost estimates.

Other Things to Note:

Projects that support the government's commitment to inclusive growth (i.e., women, Indigenous peoples and LGBTQ2+ communities) and Official Language Minority Communities may be given priority.
Date modified: 2019-02-27

About the author
mmuise