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Smart Growth Program │ Bioenterprise:

July 5, 2022

Value

Up to 100,000 in non-repayable funding.

Description

SmartGrowth invites food and agri-tech businesses with innovative technologies to lead impactful projects that will accelerate their business growth and profitability while strengthening the regional economy for southern Ontario and Canada’s agri-technology industries.

Bioenterprise’s SmartGrowth program is a matching fund that provides eligible enterprises with:

  • Up to 100,000 in non-repayable funding
  • Coaching/mentorship support services

Eligible Applicants

Companies applying for the Bioenterprise SmartGrowth Program must be:

  • For-profit SMEs with technologies at or beyond Technology Readiness Level 7 (TRL-7+) stage of development
  • Businesses that operate in the food and agri-tech sectors and provide a benefit (directly or indirectly) to local and provincial agriculture and/or the producer/processor community
  • Businesses that have less than 500 employees
  • Incorporated in Canada and headquartered in southern Ontario (regions are outlined in the Program Guide)
  • Businesses that have raised a minimum of $200,000 in Working Capital in the 2021 calendar year*

* Working Capital includes:

  • Sales revenues (minimum of $100,000) plus
  • Non-Arm’s Length Equity Investments raised

Eligible Expenses

Eligible Project Costs include costs that are:

  • Directly related to the intent of the project
  • Directly connected to the Project Milestone Plan
  • Reasonable and required to carry out the project
  • Incremental to the cost of doing business
  • Subject to approval by Bioenterprise
  •  Auditable (complete documentation is necessary)

Deadline Date

Not currently accepting applications.

Contact

Contact Name: Bioenterprise

E-mail Address: submissions@bioenterprise.ca

Website: https://bioenterprise.ca/programs/smartgrowth-program/

Industry:

Agriculture

Location:

Ontario

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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