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Know your grants – Episode 01
In our new video series, our Grants Consultants will monthly introduce specific Canadian government…
○ Government grants provide important capital to help companies fund ongoing R&D projects, salaries, and marketing activities.
○ Grants are available to companies of all sizes and in all industries and support almost all of a company’s ongoing initiatives including accelerating your innovation, growing your team, exporting your R&D project, or accessing international funding
○ Most grants are provided in the form of a cost-share with companies receiving funds as a reimbursement shortly after the work is performed.
We make it easy for anyone to access these grants, no matter what size or type of company they are. Whether you’re a small start-up or a large corporation, we can help you find the right Federal grant program for your needs.
Some of the most well-known programs include:
The IRAP-NRC Program is a government grant that aims to assist Canadian small or medium-sized businesses in increasing their innovation capacity and bringing their ideas to market. By leveraging government grants, businesses can access financial support to fuel their innovation efforts and drive their success in the market.
Funding offered through monthly reimbursements for eligible expenses for up to 12 months.
The CanExport SME program, supported by cost-share funding, presents an excellent opportunity for Canadian Small and Medium Businesses across all industries. This government grant aims to assist SMEs in establishing their presence in high-priority markets where they currently have limited or no sales.
Funding 50% of eligible costs up to $50,000.
The CanExport Innovation program is a government grant that provides funding for projects that focus on establishing new partnerships with eligible foreign partners, with the goal of entering collaborative research and development (R&D) partnerships or investment agreements.
Funding up to 75% of eligible costs to a maximum of $75,000 in funding per project.
The Business Scale-up program offers an interest-free loan facility designed to provide funding and support for firms to accelerate their growth and embrace new and innovative technologies. By accessing this Canadian government grant, businesses can fuel their expansion plans, invest in technologies, and stay at the forefront of innovation.
Funding up to 35% to 50% of eligible project costs.
SDTC, or Sustainable Development Technology Canada, funds Canadian cleantech projects and guides companies in bringing their innovative technologies to market through this Canadian government grant. This support drives the development and commercialization of sustainable technologies, leading to a greener future.
Funding up to $50,000 to $5M.
The Strategic Innovation Fund (SIF) is a significant funding resource dedicated to supporting innovative Canadian businesses that boost Canada’s global competitiveness. This fund provides financial support to qualifying projects focused on R&D, product development, and collaborations with other organizations.
Funding up to 50% for eligible costs, with a minimum of $20M in project costs
Want to know which government grants you qualify for?
Find out with our FREE, in-house tool: FundScan!
FundScan is a support tool to helps you navigate the Canadian business landscape while providing insights on the different streams of funding.
Our one-of-a-kind, user-friendly, digital tool, enables you to discover exclusive grant programs available for your project without needing to be an expert.
In our new video series, our Grants Consultants will monthly introduce specific Canadian government…
Join our monthly video series where our Grants Consultants explore various Canadian government…
Explore Canadian government grants with our monthly video series led by our Grants Consultants. In…
Join us in our monthly video series where our team of Grants Consultants uncovers various…
All You Need To Know About Government Grants
Can’t find the answer you’re looking for? Please contact our team
A government grant is a financial boost provided to your business by the Canadian government offered by federal, provincial, and municipal governments. These grants play a crucial role in helping companies fund ongoing research and development (R&D) projects, cover salaries, and support marketing activities. They serve as a valuable resource for organizations seeking capital to drive innovation and growth across several key sectors.
Eligibility criteria vary depending on the specific grant program. However, some common factors include:
● Business Type: Grants are available for various business types, including startups, SMEs, and large corporations. Ensure your business aligns with the targeted industry for a particular grant.
● Business Size: Certain government grants may be tailored for small and medium-sized enterprises (SMEs), while others focus on larger corporations. Review the criteria to confirm your business size eligibility.
● Industry: Certain government grants target specific industries (e.g., manufacturing, agriculture, life sciences). Ensure your business aligns with the targeted industry for a particular grant.
● Location: Some government grants are region-specific or available only to businesses operating in certain areas. Verify if your business location aligns with the grant’s geographical scope.
● Business Goals: Clearly outline your business goals and how they align with the objectives of the government grant. Whether it’s job creation, innovation, or community development, demonstrating alignment is crucial.
To stay informed about available government grants:
● Newsletters: Subscribe to our Fundhub newsletters to receive the latest news about Government Grants openings and eligibility requirements.
● Government Websites: explore official government websites at the federal, provincial, and municipal levels.
● Consult Experts: Seek advice from our grant consultants by contacting us, it’s free! This can enhance your knowledge and increase your chances of success.
Several grants cater specifically to small businesses:
● Industrial Research Assistance Program (IRAP)
● Strategic Innovation Fund (SIF)
● CanExport SME Program
Grants availability can change at any time, to find relevant Government Grants for Small Business please refer to our in-house tool, FundScan, for all available Government Grants based on your criteria!
Follow these steps:
● Research: Identify relevant grants based on your business needs by using FundScan or by booking a meeting with our consultants.
● Eligibility Check: Check your eligibility with a Leyton consultant first! At Leyton, our consultants are experts in identifying opportunities and maximizing your chances of receiving greater funding.
● Application Preparation: Gather required documents and prepare a compelling application. While the specific requirements may vary, these are the commonly requested key documents:
– Business Plan: A comprehensive business plan outlines your company’s mission, vision, market analysis, and financial projections. This document provides a roadmap for your business and reassures grant providers of your strategic approach.
– Financial Statements: Grants often require a review of your financial health. Prepare recent income statements, balance sheets, and cash flow statements to showcase your business’s financial stability.
– Project Proposal: Clearly articulate the purpose of the grant and how the funds will be utilized. Provide a detailed project proposal that outlines the specific activities, timelines, and expected outcomes.
– Supporting Materials: Depending on the grant, additional materials such as letters of recommendation, partnership agreements, or resumes of key team members may be required.
Leyton’s team of highly experienced engineers and tax experts, create strong partnerships with each client to ensure maximum financial returns.
Erica Harrison
Government Funding ManagerOumaima Sioury
Senior Government Grants ConsultantSchedule a free consultation