Innovation Financing

The Business Development Bank of Canada's (BDC) Innovation Financing program provides loans that established businesses can use as working capital to explore new markets and develop new products and new technologies. BDC helps innovative businesses take advantage of new markets and new technologies available to today's global players.

Eligibility Criteria

Companies with growth potential, a solid business plan, sound management team and a viable strategy may be eligible. The BDC considers each request case by case.

Eligible Activities

Financing possibilities include:

• increasing inventory to boost sales and receivables;
• providing working capital required to develop new markets and products;
• paying R&D costs associated with introducing these new products or services;
• financing development of e-commerce initiatives, such as Web sites and software integration;
• implementing a marketing plan or growth strategy;
• exploring new export markets;
• adopting quality management standards, such as ISO certifications and HACCP;
• offering consulting services to help evaluate your export and technology needs in order to improve the overall efficiency and productivity of your business.

Summary

Advantages

• Loan with flexible repayment terms.
• Repayment options designed to protect cash flow.
• Possibility of deferred capital payments and seasonal or progressive repayment schedules.
  

New Brunswick Contact(s):
See National Contact.

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National Contact(s):
Head Office
Business Development Bank of Canada
Suite 400
5 Place Ville Marie
Montréal, Quebec  H3B 5E7
Fax: 1-877-329-9232
Toll-free (information): 1-877-BDC-BANX (1-877-232-2269)
E-mail: info@bdc.ca
Web site: http://www.bdc.ca/en/home.htm