Skip to main content

Grants

This is not an exhaustive list of grants, but a good list of the most widely known ones. 

Aboriginal Business Financing Program

www.nadf.org

Loans and micro loans with some grant funding via the Aboriginal Business Financing Program to assist indigenous led businesses.

BizGrowth

Women owned business that are over 1 year old that are looking to grow to that 'next level' can apply for grants to help them with costs associated with that growth.

www.paro.ca/bizgrowth

Business Technology Implementation Fund (BTIF)

www.nwoinnovation.ca/btif

Business must be over 1 yr old.

Priority sectors are (but any may apply):

  • Advanced Manufacturing
  • Agri-Food
  • Health/Bio-Sciences
  • Clean Tech
  • Digital
  • Tourism and Resources

Up to 50%, max of $5,000 for website development

Up to 50%, max of $25,000 for software/technology implementation

Export Marketing Assistance Program

https://investnorthernontario.com/en/programs/northern-ontario-exports/

For businesses that have reached $500k in annual sales and are looking to export their product/service outside of Ontario, the program is to assist with their strategy costs.  Can be up to 50% max of $10,000 or 30% max of $30,000 depending on cost of project.

Industrial Research Assistance Program

IRAP is through the National Research Council of Canada and offers advisory services as well as financial support

https://nrc.canada.ca/en/support-technology-innovation

Municipal Accommodation Tax Fund

Funding provided through either the Event Fund or the Product Development fund to tourism businesses that will help attract more tourists to Thunder Bay (and replenish the MAT funds received via hotel stays).

www.visitthunderbay.com/en/industry-trade/cedc-mat-fund.aspx

Next Level

Innovative companies looking to make that jump to the 'next level' can apply for grants up to 50% to a max of $5k.

www.nwoinnovation.ca/next-level

Northern Ontario Heritage Fund Corporation

https://www.nohfc.ca/

There are 4 main envelopes for this program:

  • INVEST
    • North Launch (grant up to 50% of eligible costs to a max of $200k)
    • Grow (grant up to 20% of eligible costs to a max of $400k plus loan up to 30% to max of $600k; or 50% loan max of $1m)
    • Locate (evaluated on a case by case basis, max of 50% or $5m)
  • INNOVATION
    • Applied Research & Development (grant up to 50% to a max of $500k)
    • Demonstration & Commercialization (grant up to 50% to a max of $2m)
  • People & Talent Workforce Development (internship for 50% of wage costs to a max of $35k; Indigenous stream allows up to 75% to a max of $52.5k)
  • Cultural Supports (funding for community events and film & television) 
  • Community Enhancement (for communities)

Northern Ontario Women

http://www.lambac.org/now

Women led business needing access to professional services.

Up to $5,000 - may entertain applications up to $20,000 where significant demand is shown

Sustainable New Agri-Food Products & Productivity (SNAPP)

http://rainalgoma.ca/snapp/

SNAPP can provide up to $10,000 at 50% cost share - or 3 or more collaborators can apply collectively for up to $25,000 (same percentage cost share).

Projects must be in one of 3 streams:

  • New Products
  • Productivity Enhancements
  • Clean Tech in Agri-Food

Applications re-open November 2021

Starter Company Plus

www.gotothunderbay.ca/startercompanyplus

$5,000 (require 30% owner equity)

Must be new (>1 yr), expanding business or purchasing an existing business.

Summer Company

www.ontario.ca/summercompany

Must be 18-29 and returning to school in the fall. 

$3,000 (disburse $1,500 at start of summer, and $1,500 upon completion of program)

Thunder Bay Downtown & Core Area Improvements

The CIP is a grant up to $25k for businesses within the core areas can apply that reimburse improvements to buildings that support the downtown cores.

https://www.thunderbay.ca/en/city-hall/downtown-financial-assistance-programs.aspx

Comments

Popular posts from this blog

Digital Main Street opens for 3rd round of Transformation Grants

 Monday marked the opening of the new round of grants available from the Digital Main Street program.  The DMS platform was initiated by the TABIA group as a way to get digital training and tools into the hands of the main street businesses - partnering with OBIAA and funds from the Federal and Provincial government, they rolled out grants to businesses who completed the training so that they can implement the new skills they learned. This new 3rd round, "DMS 3.0", is launching with an expanded definition of what 'main street' is; essentially, if the 'brick and mortar' business is under 50 employees and pays its portion of the commercial tax on the building (i.e. through rent) then it is eligible. They also put in the stipulation that if the business had received any of the prior 2 grant rounds, then they would not be eligible for this. It is also noted that the number of grants are fewer this time across the province than in previous rounds. Businesses that a

BMO launches Celebrating Women Grant

 In collaboration with Deloitte, BMO is launching a "Celebrating Women" grant program. There are 10 grants of $10,000 available and 8 grants of up to $2,500. To be eligible you must: Be a resident of Canada Over the legal age of majority >51% owner controlled by women Headquartered in Canada (with at least half the sales done in Canada) be a for profit with under $10m in annual sales Been in operation for at least 2 years as of Jan 1, 2021 Deadline to apply is August 13th, 2021 @ 11:59PM ET https://bmoforwomen.com/celebrating-women/bmo-celebrating-women-grant-program/

Purolator launches TRUE NORTH Small Business Grant

 Purolator is looking to give back to the small businesses that relied on them to help move their products around - and they're doing it by providing 3 grants of $20,000 in cash. Not great 'odds' when you think of the number of 'small' businesses across the whole country, but like many of my friends used to say "you gotta be in it, to win it".  What have you got to lose by applying ?