Small businesses across Canada can attest to the necessity of an Enterprise Resource Planning (ERP) system in managing resources, tracking productivity, scheduling workflow, and reporting on all quantifiable data throughout the company.
Whether your company is looking to integrate a new ERP system or upgrade and customize an existing ERP system, there are several Canadian Government funding programs available to easy the financial burden.
Small business funding grants can assist with the consulting, installation, and customization of the system, as well as provide you a specialized hire, dedicated to manage and maintain your ERP system to maximize user adoption throughout the organization.
All Canadian and Ontario Government funding programs are very flexible in terms of what ERP software you are implementing; popular platforms include Microsoft Dynamics, Great Plains, Epicor, Infor, Oracle, and SAP.
IRAP ARP: Canadian Business Grants for ERP Consulting/Installation/Customization
The IRAP Accelerated Review Process (ARP) is available for incorporated Canadian companies who conduct R&D in-house. If your business meets these criteria, the IRAP ARP small business grant will support 80% of direct labour costs and 50% of subcontractor fees up to $50,000 related to the selection, preparation, installation, and customization of a new or existing ERP system. Most IRAP Government Funding schedules run from April 1st to March 31st of every year and funding is allocated to various regions across Canada.
IRAP DTAPP: Small Business Funding Grants for ERP Adoption/Upgrades
The IRAP Digital Technology Adoption Pilot Program (DTAPP) was created to help support Canadian companies who are looking to increase their internal efficiencies through the adoption of new technology. Thus, companies looking to implement, upgrade, or customize an ERP system within their corporation can receive up to $100K in small business grants, covering 80% of direct labor and 75% sub-contractor.
Yves Landry: Canadian Government Funding for Training
Manufacturing companies can benefit from $50,000 in business funding grants for training, which covers 50% of trainer expenses and trainee direct labours towards a training project spanning 16 weeks or less. The Yves Landry AIME Initiative application can include as many training topics and trainees as you want and companies are free to use third party or in-house trainers. Hours can also be assigned to training documentation and SOP creation.
iSTEM/Graduate Enterprise Internship: Grant Funding for Hiring an ERP Manager
Implementing or upgrading an ERP system is a very resource intensive process, even with the help of third party consultants. Luckily, the iSTEM hiring grant program allows small businesses to hire a science, technical, engineering, or math graduate for 6-months to assist with ERP installation, customization, maintenance, and training. Also known as the Graduate Enterprise Internship (GEI), iSTEM covers 50% of the recent graduate’s wage up to $10,000 for a Bachelor’s graduate and $15,000 for a Master’s or Ph.D graduate.
Create a Funding Plan for Your ERP Project via Mentor Works Ltd.
Please contact a Mentor Works Canadian Government Funding Expert today to finalize timelines and eligibility factors for any of the above programs to lessen the financial burden of your ERP project. Also, be sure to follow us on Twitter and subscribe to our Weekly Small Business Funding E-Newsletter to stay up-to-date on the latest Canadian small business grants, loans, and tax credits.