The Western Economic Diversification Canada (WD) Business Scale-up and Productivity program helps businesses with high growth potential adopt/adapt innovative technologies that support productivity, grow operations, and increase exports to global markets.
- Amount: Repayable contribution (no-interest loan) of up to 50% of eligible project expenses to a maximum $5 million per project and $10 million per applicant.
- Projects: Expanding the capacity of high-growth companies through the early adoption or adaptation of innovative technologies and processes, expanding management capacity, commercializing/producing new products or processes, and researching/developing export markets.
- Eligibility: Must maintain profitable operations in western Canada (British Columbia, Alberta, Saskatchewan, or Manitoba) for at least two years, and be incorporated at the time of application. Projects must focus on advanced manufacturing, digital technology, value-added agriculture, clean technology, clean resources, or life sciences.
- Timeline: Applications accepted during defined intake periods. These are: February 24 – March 23, 2020 | September 15 – October 14, 2020 | January 15 – February 16, 2021. Funding is provided through periodic reimbursements to cover incurred and paid project costs. Projects can last for up to three years; repayment begins one year after project is complete.
Top Western Business Scale-up and Productivity Program Resources:
Western Economic Diversification Canada’s Business Scale-up and Productivity Overview Blog: This is an overview of the Western Business Scale-up and Productivity (BSP) Program, including information regarding the program’s focus, eligibility requirements, and how to apply.
Posted: December 6, 2018. Updated: February 25, 2020.