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Business Scale-up and Productivity (BSP) in Southern Ontario is sponsored by Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This program provides repayable contributions to growth-stage businesses in Southern Ontario to deepen the region's economic base by investing in companies that can grow productivity, scale operations, or expand into new markets.
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Funding for businesses in southern Ontario: Who can apply Funding for businesses in southern Ontario: Who can apply 4.
How projects are assessed Growing and established businesses, co-operatives and Indigenous (First Nations, Métis and Inuit Peoples) businesses located or expanding in southern Ontario that: are for-profit entities located and operating in southern Ontario at the time of your application have a minimum of 5 full-time employees and no more than 500 FTEs are incorporated and registered to do business in Canada or Ontario for at least the past 3 years What activities do we fund?
We support the following activities: Late-stage development of a new product for sale. Activities would normally fall within technology readiness levels (TRL) 7-9 . Development of process improvements which reduce environmental impact of current operations (through use of new technology).
Showcasing and demonstrating a new technology in an operational setting. Market diagnostics and studies. Note: activities that support basic research are not eligible for funding Acquiring, adapting or adopting new technologies or processes (e.g., digitization).
Improving production efficiency and capacity through equipment upgrades, and/or process improvements and related facility enhancements. Adopting clean technologies. Increasing business management capacity.
Improving processes to increase efficiency, including automation and related skills development. Note: consideration may be given to projects that: acquire, adopt, or adapt technologies made or developed in southern Ontario and in Canada are first in the sector, Ontario, Canada or the world are integral to a business, sector or community's economic diversification. Launching new products or services.
Integrating into domestic and global value chains/supply chains. Leveraging venture capital or angel capital investment to support business growth. Reshoring or onshoring of production, research and development mandates and/or highly qualified personnel/expertise to southern Ontario.
What results are expected? Your project proposals should help us create broad and long-term economic benefits for southern Ontario.
To contribute to the local economy, projects will: build economic partnerships and collaborations leverage private sector funding generate sales from new products, services, or processes commercialized (if applicable) Refer to the Application Guide for more information on project indicators and expected results.
Applicants will be required to quantify and substantiate their expected results, and if approved, later report on these results.
According to the current listing, eligibility includes: Incorporated for-profit businesses in Southern Ontario, typically with $500K+ revenue and in a growth stage. Priority is usually given to companies with 20% year-over-year revenue growth. Confirm the full requirements in the official notice before applying.
Business Scale-up and Productivity (BSP) in Southern Ontario is funded by Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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