CCC — Global Bid Opportunity Finder
Highlights
This program is designed specifically for Canadian businesses like yours, offering a unique opportunity to expand into international markets. By using the Global Bid Opportunity Finder (GBOF), you can access over 5,000 new public sector opportunities daily, across 200 jurisdictions. This tool consolidates bid opportunities from more than 40 sources, saving you time and effort.
Key Benefits:
- Exclusive Access: Available only to Canadian businesses, ensuring you have a competitive edge.
- Wide Range of Sectors: Opportunities in aerospace, clean technologies, infrastructure, ICT, and more.
- Ease of Use: Filter by sector, location, and notice type to find the most relevant opportunities for your business.
Applying for this program is straightforward and can significantly boost your business growth. With GBOF, you can streamline your search for international bids, share opportunities with your team, and receive email alerts for new bids. This program simplifies the process of entering new markets, making it easier for your business to thrive globally.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required: This is a grant, so you do not need to repay the funds.
- No interest rates: Since it is a grant, there are no interest rates involved.
Eligible Expenses:
- Research and Development (R&D): Costs related to innovation and development of new products or services.
- Marketing and Promotion: Expenses for advertising, public relations, and promotional activities.
- Training and Development: Costs associated with employee training programs and professional development.
- Equipment and Technology: Purchase of new equipment and technology upgrades.
Ineligible Expenses:
- Debt Repayment: Funds cannot be used to pay off existing debts.
- Operational Costs: Regular operational expenses such as rent, utilities, and salaries are not covered.
- Personal Expenses: Any personal expenses unrelated to the business are ineligible.
Fees:
- No application fees: There are no fees associated with applying for this grant.
- No processing fees: The grant does not incur any processing or administrative fees.
Qualifications
- Must be a Canadian business.
- Must be interested in exporting goods or services to foreign governments.
Business can be of any size.
Disqualifications:
- None mentioned in the provided context.
Description
This program offers your business a chance to receive up to $1,000,000. You can use this money to buy equipment or improve your rented space.
Eligible expenses include:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs like software or operational expenses, you can get up to $150,000.
Key benefits:
- 85% of the loan is guaranteed by the federal government, providing a strong safety net.
- Flexible repayment options: Choose between variable or fixed interest rates, or combine them.
- Up to 15 years to repay the loan, regardless of how you use the funds.
This program is a great opportunity to invest in your business with substantial financial support and flexible terms.
Program Steps
Register for the Program:
- Visit the program's official website.
- Create an account using your business details.
Complete the Online Application Form:
- Log in to your account.
- Fill out the application form with accurate business information.
Prepare Required Documentation:
- Financial Statements (last two years)
- Business Plan
- Proof of Business Registration
- Tax Returns (last two years)
- Identification Documents (e.g., passport, driver’s license)
- Any additional documents specified in the application form
Upload Documentation:
- Scan and upload the prepared documents to your account.
- Ensure all files are clear and legible.
Review and Submit Application:
- Double-check all entered information and uploaded documents.
- Submit the completed application form.
Confirmation and Tracking:
- Receive a confirmation email with a tracking number.
- Use the tracking number to monitor the status of your application.
Respond to Follow-Up Requests:
- Be prepared to provide additional information or clarification if requested by the program administrators.
Await Approval:
- The program administrators will review your application.
- You will be notified via email about the approval status.
Receive Funds:
- Upon approval, follow the instructions provided to receive the funds.
- Ensure you understand the terms and conditions associated with the funding.
Implement the Funds:
- Use the funds as outlined in your application.
- Keep records of how the funds are utilized for future reporting.