Innovation Financing Solution

Eligibility Criteria

Eligible Area

All Canadian provinces and territories.

Eligible Activities

Eligible activities are:

• boost sales by increasing support for inventory and receivables or by reducing trade payables;
• finance consulting services to help implement the required Human Resources policies and procedures, in order to better manage growth;
• provide working capital needed to develop new markets and products;
• pay research and development (R & D) costs associated with introducing these new products or services;
• finance development of e-commerce initiatives, such as Internet sites, intranet or extranet;
• implement a marketing plan or growth strategy;
• explore new export markets;
• adopt quality management standards, such as ISO certifications, QS 9000 and HACCP;
• complete a management buy-out when this is beneficial to the business purchase, development or transfer of new technology relating to process or product improvements.

Summary

Features

• available financing based on your needs, resources, and the viability of the project;
• financing up to $250 000;
• possibility of postponing principal payments for the first year;
• stepped and seasonal payments considered;
• accelerated repayment privileges without indemnity up to 15% of annual sales;  
• personalized consulting.

Ontario Contact(s):
See National Contact.