Capital investment funding is available to support Canadian business’ focused technology and software adoption projects. As opposed to business expansion funding, which generally focuses on larger expansion projects that are completed over multiple phases, capital investment grants and loans tend to support specific spends that are directly attributable to improved business performance. Companies can access technology funding programs at both the federal and provincial level to offset project costs, which enables firms to purchase innovative technologies sooner than would’ve been possible by only using cashflows.
Need help building a Canadian government funding strategy?
Build a Funding Plan for Capital Investment & Technology Adoption Projects
Use the following image links to access information on capital investment projects, including Canadian government funding programs and resources to support your growth strategies.
Browse Funding for Capital & Technology Adoption
Capital investment grants, loans, and other incentives may support businesses across the country. Use the following categories to reveal funding for your upcoming project.
|Government Funding Program||Description||Region(s) Supported|
|Automotive Supplier Competitiveness Improvement Program (ASCIP)||The Automotive Supplier Competitiveness Improvement Program (ASCIP) supports automotive manufacturers with grants for equipment and software upgrades.
|Business Scale-up and Productivity Program (BSP) Southern Ontario||Business Scale-up and Productivity (BSP) accelerates company growth and helps adopt/adapt innovative technologies that support productivity and lead to an increase in exports.
|Canada Small Business Financing Program (CSBFP)||The Canada Small Business Financing Program (CSBFP) helps support business growth through business loans with competitive interest rates.
|Dairy Processing Investment Fund (DPIF)||The Dairy Processing Investment Fund supports dairy processors who invest in areas that improve productivity and competitiveness.
|Eastern Ontario Development Fund (EODF)||The Eastern Ontario Development Fund (EODF) Business Stream offers financial support to SMEs expanding their operations and creating jobs.
|Green Municipal Fund||The Green Municipal Fund (GMF) supports municipalities demonstrating an innovative solution or approach to environmental issues.
|NOHFC Business Expansion Projects||The NOHFC Business Expansion Projects stream supports businesses with existing operations in northern Ontario to expand operations and create jobs.
|Southwestern Ontario Development Fund (SWODF)||The Southwestern Ontario Development Fund (SWODF) is a business expansion funding program that supports investment in new facilities and equipment.
|Strategic Innovation Fund (SIF)||The Strategic Innovation Fund (SIF) supports technology development and adoption projects that boost productivity.
|Western Business Scale-up and Productivity (BSP) Program||Business Scale-up and Productivity (BSP) accelerates company growth and helps adopt/adapt innovative technologies that support productivity and lead to an increase in exports.
Canadian Capital Investment & Technology Adoption Resources
To be successful over a long period of time, Canadian firms must continuously invest in operations. Purchasing technology and other assets can have immediate and sustained benefits that directly impact competitiveness, yet few companies have a defined plan for these investments. Forward-looking, proactive companies can continuously improve and offer better products/services to customers through internal investments, which makes planning and execution of investments so important.
What types of investments is your company making? Find resources to support your upcoming capital investment and technology adoption projects by choosing one of the following options:
Capital Investment Resources
Business investments that stimulate long-term competitiveness improvements are a focal point for government funding programs. Companies often encounter investment decisions where upfront costs must be considered relative to its long-term impact, with high return-on-investment (ROI) projects becoming the most urgent or prioritized. Government grants and loans can be used to strategically offset these costs and improve the financial return of capital investments. Explore the resources below to understand where capital investment fits in your growth plans and develop a strategy for success:
- Optimizing Your Factory Layout for Increased Productivity
- Scaling Manufacturing Production: Problems and Challenges
- 2018 Canadian Manufacturing Industry Trends and Investment Intentions
- Strategic Innovation Fund Awards Toyota $110M in Automotive Grants
- Strategic Innovation Fund: $50M for Steel and Aluminium Industry
Technology Adoption Resources
Technology is improving at a exponential rate and Canadian companies need to continuously invest in innovations to improve productivity and remain competitive with other global firms. Not only can new technology help complete current tasks in less time and with greater accuracy, but it can also enable new processes that opens your company to new customers and revenue streams. Fortunately, there are many technology funding programs available for Canadian companies to use that reduce the upfront investment costs of innovative equipment. Explore the resources below to understand where technology adoption fits in your growth plans and develop a strategy for success:
- Essential Small Business Technology Trends in 2019
- Industry 4.0: Adapting to the Industrial Internet of Things (IIoT)
- Dr. Oetker Expands Production with Canadian Government Grants
- Quebec Potato Plant Receives $4.5M for Industry 4.0 Technologies
- DESCH Canada Ltd. Expands with over $1M in Ontario Business Grants
- What are Technology Readiness Levels (TRL)?
Discover More Funding Resources for Capital Investment and Technology Adoption Projects
Ready to expand production and enhance competitiveness? Register for an upcoming Canadian government funding event to learn more about how funding works, how to navigate the government funding process, and support services to help develop a successful application. Mentor Works hosts frequent webinars and live events to help business owners and executives further learn about their funding potential. Register for a session to continue exploring capital investment and technology adoption funding.