Business Opportunities in Canada
There are a great deal of options available to secure grants at various levels of federal, provincial and municipal governments. We help our clients to explore the right options and assist in preparing and filing the applications for the best results.
Besides many other government funding and grants, major categories are:
- Business Expansion
- Capital and Tech Adoption
- Hiring and Training
- Research and Development
Business Expansion
Expansion and growth is the dream of any established business. However, due to lack of knowledge or intricacies involved for government funding many businesses simply go through traditional financing solutions. There are many government grants and other funding programs, which includes offsetting the costs of:
- Purchase of capital equipment to support increased exporting;
- Product certifications
- International trade shows and related expenses;
- Outbound and inbound trade missions;
- Translation of marketing materials;
- Market research and competitive analysis; and
- Hiring of employees related to international market development
Capital and Tech Adoption
Funding is available to support Canadian businesses focused on technology and software adoption projects. As opposed to business expansion funding, which generally focuses on larger expansion projects that are completed over multiple phases, capital investment grants and loans tend to support specific expenditures that are directly attributable to improved business performance. Companies can access technology funding programs at both the federal and provincial level to offset project costs, which enables them to purchase innovative technologies and expand faster.
Hiring and Training
A good team is key to the success of any business. For expanding or developing your workforce, there are Canadian government grants for small business recruitment activities to ensure they have qualified workers and the requisite skills and capabilities to support ongoing and future business plans. Funding programs can help organizations hire or retrain staff, improve their effectiveness and train their staff in new areas such as advanced technologies or operational processes.
Research and Development
Research and development activities support innovation and enable Canadian companies to achieve competitive advantages over other domestic and international firms. Government funding is available to support these types of activities to not only research-focused large businesses with substantial R&D budgets, but also for smaller companies that seek an edge over products and services that currently dominate the market. Innovation is a mindset that businesses must adopt to remain a viable choice to customers.
