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
