Business Scale Up and Productivity
The Business Scale-up and Productivity program is a valuable initiative by the Canadian government to support high-growth firms in British Columbia and other regions of Canada. By providing non-repayable contributions to eligible businesses, the program helps these firms to invest in the latest equipment, technology, and machinery, and hire additional staff to increase their productivity and competitiveness.
Eligible Applicants
The business must be a for-profit corporation, cooperative, or an Indigenous organization or government-owned entity.
The business must have been in operation for at least two years.
The business must have a minimum of 10 full-time employees or the equivalent in part-time employees.
The business must have a minimum of $2 million in annual revenue or the equivalent in total assets.
The business must operate in a targeted sector, including advanced manufacturing, clean technology, digital industries, health and bio-sciences, and value-added agriculture and food production.
The proposed project must have a minimum total eligible cost of $500,000.
The proposed project must have a strong potential to increase the business's productivity, competitiveness, and growth potential.
Funding Amount
Up to 10,000,000
About the Programm
The BSP program is an excellent opportunity for businesses looking to take their operations to the next level and grow their market share. With up to $10 million in funding available, businesses can embark on ambitious projects that may have been out of reach otherwise. By supporting these high-growth firms, the program contributes to the economic development of the region and the country as a whole.