Clean tech scale-up

Type
PARTNERING AND COLLABORATION
EXPERT ADVICE
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed for businesses like yours that are ready to scale and make a global impact. By participating, you gain access to a robust network of advisors, mentors, and business experts who can help you identify and solve problems in international markets. This support can be crucial in optimizing your approach to customer acquisition, investment attraction, and business modeling.

What You Get

  • Access to international markets: We help you deploy your solutions globally.
  • Investment readiness: We prepare your company for investments.
  • Sales support: We assist in stewarding sales of your technologies and services in target markets.

Why Apply?

  • Government-backed financing: This program offers financial support that is often more favorable than private loans.
  • Expert guidance: Benefit from seasoned professionals who can help you navigate both small- and large-scale projects.
  • Ease of qualification: If your business fits the criteria, the application process is straightforward.

Being approved for this program can significantly boost your business's growth and international reach, making it a valuable opportunity for your company.

Financing Details

Type of Financing: Loan

Repayment Terms and Interest Rates:

  • The loan offers a fixed interest rate of 3.5% per annum.
  • Repayment terms are flexible, allowing up to 10 years to repay the loan.
  • Early repayment is allowed without any penalties.

Eligible Expenses:

  • Purchase of new or used equipment.
  • Leasehold improvements.
  • Research and development costs.
  • Marketing and promotional expenses.
  • Working capital to cover operational costs.

Ineligible Expenses:

  • Personal expenses.
  • Real estate purchases.
  • Repayment of existing debts.
  • Any expenses not directly related to the business operations.

Fees:

  • Application fee of $150.
  • Annual administration fee of 1% of the loan amount.
  • No prepayment penalties or hidden charges.

Qualifications

  • Must be a clean technology company.
  • Must be located in British Columbia.
  • Must be ready to scale-up and deploy solutions internationally.

  • Disqualifications:

    • Businesses not operating in the clean technology sector.
    • Businesses located outside of British Columbia.

Description

This program helps your business grow by providing support to scale up and reach international markets. It offers financial assistance to develop and deploy your clean technology solutions globally. This means you can get the funds you need to expand your operations and enter new markets.

You can use the money for:

  • Preparing your business for investment
  • Enhancing your sales strategies
  • Optimizing your business model

The program connects you with a network of advisors, mentors, and business experts. They help you identify global market opportunities and solve problems specific to those markets. This support ensures your business is ready to tackle both small and large-scale projects abroad.

By participating, your business gains access to valuable resources and expertise, making it easier to attract investments and acquire new customers. This program is a great opportunity to take your business to the next level and achieve international success.

Program Steps

  1. Visit the Program Website: Go to the official website of the Cleantech Program to access the application portal.

  2. Create an Account: Register for an account on the application portal if you do not already have one.

  3. Log In: Use your credentials to log into the application portal.

  4. Complete the Application Form: Fill out the online application form with accurate and detailed information about your business.

  5. Prepare Documentation: Gather the necessary documents to support your application. These may include:

    • Business Plan
    • Financial Statements (e.g., balance sheets, income statements)
    • Proof of Business Registration
    • Project Proposal or Description
    • Letters of Support or Partnership Agreements
    • Environmental Impact Assessments (if applicable)
  6. Upload Documentation: Upload the prepared documents to the application portal as required.

  7. Review and Submit: Carefully review your application and all uploaded documents for accuracy. Once satisfied, submit your application through the portal.

  8. Confirmation: After submission, you will receive a confirmation email. Save this for your records.

  9. Follow Up: Monitor your email and the application portal for any updates or requests for additional information from the program administrators.

  10. Await Decision: Wait for the program administrators to review your application and notify you of their decision.

Visit Program Website