FAQs: Investing in Business Growth and Productivity (IBGP) for NFP’s
The IBGP for not for profits program is an Ontario government funding program with two streams – one for SMEs and one for not-for-profits (NFP).
What type of funding is available for not-for-profits through IBGP Canadian government grants?
Funding for not-for-profits is provided by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) as a Canadian government grant to offset eligible costs. The Canadian funding for small business program is a part of the Southern Ontario Prosperity Initiatives (SOPIs).
How do we know if our not-for-profit is eligible for IBGP Canadian government grants?
In order to qualify, the not-for-profit entity must be located in southern Ontario and have a track record of being involved in the economic development within the area where you’re located.
What types of projects are funded through IBGP government grants Canada?
Projects eligible for funding by IBGP for not-for-profits include funding or collaboration projects with SMEs that involve the adoption of new practices that will improve their productivity and projects that provide support to SMEs who want to integrate into global value chains and diversify their markets.
How much funding is available through the IBGP program?
IBGP will provide funding for up to 100% of project costs to a maximum of $20 million.
Are there any funding limitations for the IBGP for not-for-profits program?
Yes, there are funding limitations. If the proposed project involves funding SME projects, the SME must provide a minimum of 50% of the funds and can receive a maximum of $100,000. Projects that do not propose to support SMEs with funding may have to provide 50% or more of the funding from other sources. The funding provided by IBGP may be used to a maximum of 10% towards costs associated with project administration and outreach/communication costs.
What types of expenses are eligible for reimbursement?
The following expenses are eligible for reimbursement: labour, expertise, capital and non-capital costs that are directly project related. Capital costs can only be technology or equipment purchases by SMEs that will improve productivity or time to market.
What expenses are not eligible for funding?
Costs that are incurred prior to the project being approved and an agreement being signed with FedDev Ontario are not eligible. Also, land or building purchases are not eligible. Overhead and ongoing costs are not eligible either.
What is the process to apply for funding from the IBGP Program?
Applications can be submitted at any time and are reviewed as they are received. Projects must be completed by December 31, 2018.
How do we find out more information on IBGP funding for not-for-profits?
To access additional information on this program choose from one of the following:
Mentor Works offers free Informational Webinars on New FedDev Funding for Large Projects. Also, please sign up for Mentor Works Canadian Government Funding Weekly E-newsletter in order to stay up to date on the latest small business funding news.