Why You Should Apply to the Business Scale-up Program

Unlock Growth Potential

Secure funding to help you scale up operations, reach new markets, and enhance your production capacity.

Accelerate Innovation

Invest in the latest technologies and processes to drive productivity and ensure your business remains competitive.

Support Regional Economic Impact

Undertake projects that create jobs, generate revenue, and contribute to the economic development of Southern Ontario.

Let's Get Started

The BSP program targets projects that are ready to make an impact. This repayable contribution funding is designed for established businesses and projects that are beyond the initial development stage. Here’s how you can make the most of this program:

• Repayable Contribution Funding: Access between $125,000 and $10 million in interest-free, repayable funding, covering up to 50% of eligible project costs.
• Project Priorities for 2024 Intake:
  • Clean Economic Growth: Projects that reduce emissions, create sustainable jobs, and support the transition to a green economy.
  • Growth Companies: Initiatives that accelerate business development and drive rapid growth.
  • Technology: Cutting-edge projects in high-tech sectors, including AI, automation, and data science.
  • Industrial Transition: Projects that help traditional industries adopt new technologies to remain competitive and create new opportunities.
  • Automotive Suppliers: Projects that support the Zero-Emission Vehicle (ZEV) supply chain and help automotive suppliers transition to cleaner technologies.

Does this sound like the perfect opportunity for your next big project? ✨ With flexible repayment terms starting no later than one year post-completion, this program is designed to support your lasting impact. Avoid the confusion—Pocketed can help you kickstart your grant application with ease.

Does Your Project and Company Qualify?

The BSP program supports growth and scale-up projects with the potential for a strong economic impact. Here’s a quick eligibility check:

• Company Requirements: For-profit businesses, co-operatives, or Indigenous businesses based in Southern Ontario with at least 5 employees and 3 years in operation.

• Project Stage: Ideal for businesses beyond the startup phase, focused on scaling operations, adopting new technologies, or expanding market reach.

• Commercialization Goals: Projects must aim to develop, commercialize, or produce innovative products, processes, or services with clear market potential.

• Economic Impact: Multi-year projects (1-3 years) that contribute to job creation, revenue growth, or export expansion.

• Funding Match: FedDev Ontario covers up to 50% of eligible project costs; applicants must co-fund the rest through private or other sources.

Application Deadline: December 20, 2024

Note: These are general eligibility requirements for the Funding for Businesses in Southern Ontario (BSP) program. Specific criteria may vary based on the details of your project and organization. Be sure to review the official guidelines or start your grant writing process with us for personalized guidance.