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Western Economic Diversification Business Scale Up

Value

Interest-free loan

Description

Western Economic Diversification Canada (WD) makes strategic investments in key economic sectors and also supports the development of leading industry geographic clusters through its Business Scale-up and Productivity (BSP) program.

BSP supports high-growth businesses that are scaling up and producing innovative goods, services or technologies. It offers interest free repayable funding to incorporated businesses.

Eligible Applicants

  • 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 Western Canada (defined as British Columbia, Alberta, Saskatchewan or Manitoba)
  • have confirmed, at the time of expression of interest submission, funding from all other sources, including government and non-government (non-government funding must represent at least 50% of the proposed project costs)

Eligible Expenses

Eligible projects will focus on accelerating and supporting business growth through one or more of the following activities:

  • Productivity Improvement: includes acquiring, adapting, and 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, as well as technology showcasing and technology demonstration.

Deadline Date

  February 24 to March 23, 2020; September 15 to October 14, 2020; January 15 to February 16, 2021

Contact

Contact Name: Western Economic Diversification Canada

Phone Number: 1-888-338-9378

E-mail Address: wd.bc-cb.deo@canada.ca

Website: https://www.wd-deo.gc.ca/eng/19762.asp

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