Funding for Western Canadian Manufacturers and Processors
UP TO $10 MILLION AVAILABLE
Western Canada’s Business Scale-up and Productivity program offers 50% up to $10 million in 7-year-interest free loan funding for eligible projects undertaken by Western Canadian businesses operating for at least 2 years, with 500 employees or less, and, who have experienced significant growth (e.g., 20%) prior to Covid-19. Eligible projects include accelerating or supporting:
- Productivity Improvement: includes acquiring, adapting, and adopting new technologies and processes; process re-engineering; improving manufacturing capacity.
- Business Scale-up: includes market development or expansion, adopting best management practices, processes and systems; business opportunity development.
- Technology Commercialization: includes late-stage product development to grow and diversify markets, as well as technology showcasing and technology demonstration. (Technology Readiness Levels 7-9 as defined by Innovation, Science and Economic Development Canada)
Priority will be given to projects involving advanced manufacturing, clean resources or technology (e.g., zero-emissions heavy equipment vehicles), digital information or communication technologies, health/biosciences (e.g., health analytics and diagnostics), and value-added natural resource and agriculture (e.g., plant-based foods and ingredients) processing.
Intake of applications will be from March 15th to April 14th, 2021.
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