Type of Program:
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.
When It Ends:
Applicants must be:
This Stream is not intended to support smaller start ups and entrepreneurs.
Applicants are strongly encouraged to contact FedDev Ontario prior to submitting an application.
FedDev Ontario has a single-phase application process and one Application for Funding that is used across all three Streams of innovation programming.
Applicants must demonstrate:
Other Things to Note:
All project activities must be completed by December 31, 2023.
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe’s background and how he can help your business.