Business Scale-up and Productivity Program – British Columbia
Receive up to $5,000,000 in Government Funding.
The Business Scale-up and Productivity Program helps businesses with high growth potential to adopt/adapt innovative technologies that support productivity, grow operations, and increase exports to global markets. This government funding program that offsets the costs of large-scale expansion projects with repayable contributions (no-interest loans).
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Business Scale-up and Productivity Program – British Columbia
Amount of Funding
- Repayable contribution (no-interest loan)
- Up to 50% of eligible project expenses to a maximum of $5 million.
- Minimum funding request must be of $200,000
Business Scale-up and Productivity Program – British Columbia
Eligible Applicants
- Be High-growth businesses that have had notable and/or consistent revenue increases year-over-year, typically at least 20%.
- Must be for-profit companies incorporated to conduct business in Canada.
- Have been in operation for a minimum of 2 years in Canada.
- Have staffed operating facilities in British Columbia.
- Have confirmed, at the time of EOI submission, funding from all other sources, including government and non-government (non-government funding must represent at least 50% of the proposed project costs).
Business Scale-up and Productivity Program – British Columbia
Eligible Activities
Eligible Projects:
- Productivity improvements: includes acquiring, adapting, and/or adopting new technologies and processes; process re-engineering; improving manufacturing capacity.
- Business scale-up: includes market development or expansion, adopting best management practices, processes and systems, and business opportunity development.
- Technology commercialization: includes late-stage product development to grow and diversify markets, and technology demonstration (TRL 7-9).
Program Priorities:
- Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees (FTEs).
- Preference will be given to proposals with a demonstrated focus on: Export orientation, advanced manufacturing, clean resources, clean technology, digital industries, health/ bio-sciences, natural resources value-added processing, ocean technology, and value-added agriculture/ agri-tech.
Business Scale-up and Productivity Program – British Columbia
Program Deadline
- Two-stage application process. EOI Deadline is September 22, 2023.
- Project start dates should have a start date of April 1, 2024.
- Funding is provided through periodic reimbursements to cover incurred and paid project costs.
- Projects can last up to three years; repayment begins one year after the project is complete.
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