The FedDev Ontario Business Scale-up and Productivity (BSP) program offsets upfront project costs and helps southern Ontario businesses grow more quickly. It provides no-interest repayable contributions (government loans) with repayment beginning within a year of project completion. This supports businesses as they adopt new, innovative technologies that support scale-up, productivity, and the development of and entry into new markets to become globally competitive.
The Business Scale-up and Productivity program provides southern Ontario business expansion loans of up to 35% of project costs to a maximum $10 million.
To apply for BSP funding, eligible applicants must develop and submit a comprehensive application package that consists of the program’s main application form, financial statements for the last two full years of operation, and the most recent interim financial statement available. All projects must be complete by the program’s end date of December 31, 2023.
Find out more about this opportunity HERE: https://www.mentorworks.ca/government-funding/business-expansion/business-scaleup-productivity-ontario/