Innovation Canada — Innovation Advisors in NL
Highlights
If you're looking to grow your business or develop a new product, the Innovation Advisor Program is a fantastic opportunity for you. This program offers free, one-on-one assistance from experienced professionals who understand the challenges of scaling a business. They can help you navigate the maze of government programs and services, ensuring you find the right support tailored to your needs.
Here's what's in it for you:
- Expert Guidance: Benefit from advisors who have walked in your shoes. They bring a wealth of experience and a vast network to help you.
- Comprehensive Support: Whether you need financing, technical advice, or insights into foreign markets, the advisors are there to guide you.
- No Cost: This service is completely free, allowing you to access valuable expertise without impacting your budget.
Being approved for this program means you gain a strategic partner in your business journey. It's easy to qualify, and there's no limit on the support you can receive. This is your chance to tap into resources that can truly make a difference in your growth and innovation efforts.
Financing Details
Grant: The program offers a non-repayable grant to support your business. This means you do not have to pay back the funds provided, allowing you to invest freely in your business without the burden of repayment.
Eligible Expenses: The grant can be used towards a variety of expenses that are crucial for the development and growth of your business. This includes costs associated with research and development, marketing, and purchasing new equipment. It's designed to help you innovate and expand your operations effectively.
Restrictions on Use of Funds: It's important to note that the funds cannot be used for routine operational costs such as rent, utilities, or payroll. The focus is on growth and innovation-related expenses.
Fees: There are no application or processing fees associated with this grant. This makes it an even more valuable opportunity for your business, as you can allocate more of your resources directly towards growth initiatives.
Qualifications
- Must be an incorporated business.
- Business should be ready to grow or scale.
- Must be looking to develop a new product, service, or process.
- Business should be located in Canada.
Description
If you're working on a new product, technology, or process, there's a great opportunity for you. The Innovation Advisor Program offers free, one-on-one assistance to help you find the right government supports for your business. This means you get expert advice tailored to your needs without any cost.
Innovation Advisors are experienced professionals who have been in your shoes. They know the challenges of growing a business and can connect you with a wide range of government programs and services. Whether you need financing, technical advice, or insights into foreign markets, these advisors have the network and knowledge to guide you.
This program is available across Canada and is open to businesses in all sectors, regardless of size or revenue. With no set budget or funding limits, the focus is on providing valuable expertise to help your business innovate and grow. It's a chance to tap into resources that can make a real difference in your business journey.
Program Steps
Contact an Innovation Advisor
Reach out to an Innovation Advisor in your region. You can call toll-free at 1-833-201-4358 or send your details online.Prepare Documentation
Gather the necessary documents to support your application. You will need:- Business registration documents
- A brief business plan or summary
- Financial statements (last two years)
- Information on your current products, services, or processes
- Any relevant market research or analysis
Schedule a Meeting
Set up a one-on-one meeting with your assigned Innovation Advisor. This can be done over the phone or in person, depending on your preference.Discuss Your Needs
During the meeting, clearly outline your business goals and the specific areas where you need support. This will help the advisor tailor their guidance to your needs.Receive Guidance
Take advantage of the expert advice provided by your Innovation Advisor. They will help you navigate available government programs and services.Implement Recommendations
Follow the advice and recommendations given by your advisor. This may include applying for funding, accessing technical support, or exploring new market opportunities.Stay in Touch
Keep the lines of communication open with your Innovation Advisor. Regular check-ins can help you stay on track and make the most of the resources available to you.