Funding for the popular wage subsidy, Small Business Internship Program (SBIP), was made available through various funding locations across Canada in early April. Due to the popularity of these Canadian government grants, all Ontario government funding locations have fully allocated their funding budgets. For companies outside of Ontario, please visit the SBIP “Where to Apply” Page to see if there is still funding available in your area.
SBIP: Business Funding Grants for Hiring Marketing Interns
The Small Business Internship Program (SBIP) is grant funding for business and has been available for the last several years to help small businesses build their online presence.
SBIP has focused on hiring a post-secondary student or graduate (depending on the funding year) to conduct e-business initiatives including, keyword analysis, search engine optimization (SEO), social media management, pay-per-click (PPC) campaigns, online content creation, and other online marketing initiatives. The fund is released around April and covers 75% of the 12-week intern’s wage up to $10,000. SBIP is limited to one intern per company.
Other Hiring Grant Funding for Business Marketing
Although the Small Business Internship Program (SBIP) is depleted in Ontario, small businesses still have other options for hiring a business student or graduate:
- Ontario Co-op Tax Credit: Up to a $3000 per post-secondary co-op student per semester. Can be applied to any co-op student in business or other designations. No limit on number of hires.
- ICTC Career Focus: This $10K government funding for business allows for a 4-11 month full-time work placement for an online business development employee with a 4-year diploma. The program covers 35% of the new hire’s salary up to $10K. Popular topics include website development, search engine optimization, software development, database creation and maintenance, conversion traffic, press releases, building content and link building strategies. There is no limit on the number of hires.
- IRAP Youth Employment Program (YEP): Maximum support of $15K for a 12-month full-time hire of a graduate under the age of 31 to fill a unique role within your organization. IRAP allows 1-2 intern hires per company. YEP can be applied to most areas from R&D, engineering, multi-media, market analysis, business development & improvement in customer service. Your local IRAP representative will provide you with the required forms. If you are unsure who your local IRAP representative is, please call their hotline at 1-877-994-4727.
Mentor Works: Canadian Government Funding Support Services
If you would like to learn more about any of the above mentioned programs or other available government funding for small business, please be sure to Contact a Canadian Government Funding Expert, subscribe to our E-Newsletter, or Register for a 60-Minute Free Canadian Government Funding Workshop.