Canada’s westernmost province, British Columbia, boasts a beautiful landscape with snow-capped mountains and wide valleys of preserved wildlife. Businesses from around the world choose to operate out of BC due to its thriving economy, natural resources, and pleasant people.
British Columbia contributed $253 Billion to the Canadian GDP in 2019 alone. (source)
Is your BC business planning a strategic growth project? Click the links below to scroll down to the list of funding programs for each of the following activities:
Amount of funding: High-growth British Columbia businesses can receive repayable funding (no-interest loan) of 50% of project costs up to $5,000,000 per application and a max of $10,000,000 per business.
Eligible Applicants: Businesses located in British Columbia that have been profitable for at least two years and incorporated at the time of application.
Eligible Activities: Projects must focus on advanced manufacturing, digital technology, value-added agriculture, clean technology, clean resources, or life sciences.
Learn More About the Western Business Scale-up and Productivity (BSP) Program.
Amount of funding: Up to 75% of project costs covered in grant funding to a maximum $75,000 per project.
Eligible Applicants: Businesses located in Canada that have under 500 employees, make between $100K – $100M annually, are incorporated, and are financially stable at the time of applying.
Eligible Activities: Eligible projects must have a minimum expense of $20,000+ and can cover marketing and research costs for foreign markets, translation services, IP protection, and more.
Learn More About CanExport.
Hiring & Training
Amount of funding: BC businesses can receive between 60-100% of employee training costs to a maximum of $300,000.
Eligible Applicants: Businesses based out of BC.
Eligible Activities: Projects include third-party trainer fees, tuition and exam fees, textbooks and course materials, training software, and more.
Learn More About the British Columbia Employer Training Grant (ETG).
Capital & Tech Adoption
Amount of funding: British Columbia businesses can receive up to 50% of project costs (both repayable and non-repayable funding) to a maximum of $20,000,000 (must have a minimum project size of $20,000,000).
Eligible Applicants: Open to all Canadian businesses, but extremely competitive to apply. It is highly recommended to apply with a government funding application writing team.
Eligible Activities: Funding supports projects through the R&D, commercialization, and technology demonstration stages.
Learn More About the Strategic Innovation Fund (SIF).
Research & Development
Amount of Funding: Up to $1,000,000 in grant funding towards eligible research project costs each year.
Eligible Applicants: Public, private, and non-profit organizations located in Canada are eligible to apply for the NSERC Alliance program.
Eligible Project Costs: Research labour, equipment, consulting fees, publication, and conference expenses.
Learn More About the Natural Sciences and Engineering Research Council of Canada Alliance Program.
Apply for British Columbia Government Funding Programs
The Canadian federal and British Columbia provincial governments have a wide variety of funding programs available towards your business’ upcoming projects. You can view the entire list of British Columbia government grant and loan programs on our Western Business Funding Directory page.
Apply for any of these federal or provincial British Columbia government funding programs Mentor Works for an estimated 95% time savings compared to applicants who write their application in house.