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Business Scale-up and Productivity (BSP) in British Columbia

September 22, 2023

Value

Up to 50% of eligible project costs may be requested from PacifiCan: maximum $5 million per project.

Description

Business Scale-up and Productivity (BSP) program is open to incorporated high-growth businesses that have been operating in British Columbia for a minimum of 2 years. Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees (FTEs).

Eligible Applicants

Businesses must meet the following mandatory criteria:

  • high-growth business that is scaling up and producing innovative goods, services or technologies
  • incorporated to do business in Canada
  • have been in business for at least 2 years in Canada
  • have staffed operating facilities in British Columbia
  • 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)
  • be looking to support or accelerate growth through the following activities:
    • Productivity improvement: includes acquiring, adapting, and/or adopting new technologies and processes; process re-engineering; improving manufacturing capacity
    • Business scale-up: includes market development or expansion, adopting best management practices, processes and systems, business opportunity development
    • Technology commercialization: includes late stage product development to grow and diversify markets, and technology demonstration (Technology Readiness Levels 7-9 as defined by Innovation, Science and Economic Development Canada)
  • maximum project duration of 3 years

Eligible Expenses

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

New costs essential to the project. For example:

  • capital costs (equipment, machinery)
  • labour (wages, benefits)
  • marketing
  • costs related to intellectual property
  • technology development and commercial demonstrations
  • professional, advisory, technical services

Deadline Date

The program is not currently open for new Expressions of Interest.

Contact

Contact Name: BSP

Phone Number: 1-888-338-9378

E-mail Address: info@pacifican.gc.ca

Website: https://www.canada.ca/en/pacific-economic-development/services/funding/business-scale-up-productivity.html

Industry:

Software/Technology

Location:

British Colombia

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