Fund your Startup: Grants and Loans
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Need more cashflow in your startup? If you've already begun the search for small-business grants and loans, then you know it can be notoriously tough to find funding if you're anyone but a non-profit. The good news: we did the work for you and found funding programs that can support small businesses and large corporations.
Thank us later, and browse our top contenders below!
Build in Canada Innovation Program (BCIP)
The Build in Canada Innovation Program is a first purchase program offered by the Canadian government.
- Pre-commerical, innovative product or service opportunity to bridge the commercialization gap
- Must be of use to the Canadian government by improving efficiency and effectiveness
Canada Job Grant (CJG)
The Canada Job Grant offers up to 66% or $10K in training grants per trainee to enhance your workforce.
- Most training that improves skillsets and career advancement is eligible.
- Training can be carried out throughout the calendar year.
- Program available from 2014-2020.
Canada Small Business Financing Program (CSBFP)
The Canada Small Business Financing Program (CSBFP) offers small businesses with <$10M in annual gross revenues and can receive loan funding for expansion activities up to $1M.
- Competitive interest rates
- Can apply at a financial institution or credit union
- May require a business plan
Innovative Solutions Canada
The Innovative Solutions Canada program supports incorporated, for-profit startups and SMEs across Canada to participate in federal government departmental innovation challenges. Companies may submit their innovative ideas, then receive funding for:
- Proof of concept (government grants up to $150k)
- Prototype development (government grants up to $1M)
- First sale (government procurement contract with no fixed maximum)
Browse the full list of Canadian government funding for small businesses at mentorworks.ca.