Capital Investment & Technology Adoption Funding

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.

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Use the following image links to access information on capital investment projects, including Canadian government funding programs and resources to support your growth strategies.

Capital Investment and Technology Adoption Funding

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.

  • Provides up to 50% of eligible expenses to a maximum $100,000 in manufacturing grants
Ontario
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.

  • Provides up to 35% of project costs to a maximum $10 million in no-interest loans
Southern Ontario
Canada Small Business Financing Program (CSBFP) The Canada Small Business Financing Program (CSBFP) helps support business growth through business loans with competitive interest rates.

  • Provides up to $1M in repayable funding; subject to registration fees and interest
Canada-wide
Dairy Processing Investment Fund (DPIF) The Dairy Processing Investment Fund supports dairy processors who invest in areas that improve productivity and competitiveness.

  • Provides up to 50% of costs to a max of $10M for capital expenditure projects and $250,000 for access to expertise
Canada-wide
Eastern Ontario Development Fund (EODF) The Eastern Ontario Development Fund (EODF) Business Stream offers financial support to SMEs expanding their operations and creating jobs.

  • Provides up to 10-15% of expenses to a maximum $1.5M grant; large projects are eligible for the grant and additional repayable funding
Eastern Ontario
Green Municipal Fund The Green Municipal Fund (GMF) supports municipalities demonstrating an innovative solution or approach to environmental issues.

  • Provides up to 50-80% of expenses to a maximum $175k to $10M in funding based on the type of project completed
Canada-wide
NOHFC Business Expansion Projects The NOHFC Business Expansion Projects stream supports businesses with existing operations in northern Ontario to expand operations and create jobs.

  • Provides up to 20-50% of eligible project costs as a grant, loan, or combination of both
Northern Ontario
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.

  • Provides up to 10-15% of expenses to a maximum $1.5M grant; large projects are eligible for the grant and additional repayable funding
Southern Ontario
Strategic Innovation Fund (SIF) The Strategic Innovation Fund (SIF) supports technology development and adoption projects that boost productivity.

  • Provides up to 50% of project costs with no maximum funding contribution
Canada-wide
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.

  • Provides up to 50% of project costs to a maximum $5 million in no-interest loans
Western Canada

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 for Canadian Businesses Technology Adoption Resources for Canadian Businesses

Capital Investment Resources

Capital Investment Resources for Canadian BusinessesBusiness 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:

Technology Adoption Resources

Technology Adoption Funding ResourcesTechnology 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:

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.

Canadian Government Funding Events for Small Business