This program is designed for businesses like yours that are ready to grow, scale, or innovate. By connecting with an Innovation Advisor, you gain access to expert advice from professionals who have successfully navigated both the public and private sectors. These advisors can help you leverage a wide array of government programs and services, from financing to technical advice to foreign market expertise.

Why Apply?

• Expert Guidance: Advisors are former entrepreneurs and industry professionals who understand your challenges and can provide tailored advice.
• Comprehensive Support: Access a network of resources, including financing options, technical support, and market expansion strategies.
• Easy Qualification: If your business is incorporated and ready to grow, you likely qualify for this program.

Benefits

• Tailored Financing: Get the financial support you need with flexible repayment options.
• Strategic Connections: Advisors will connect you with the right people and programs to accelerate your business growth.
• Enhanced Competitiveness: Improve your product, service, or process with expert advice and government-backed resources.

By participating, you can take your business to the next level with the confidence that you have the right support and resources at your disposal.

Type of Financing:

• Loan: The program offers a loan to support your business growth and development.

Repayment Terms and Interest Rates:

• Repayment Term: The loan offers flexible repayment options, including floating rate with principal plus interest payments, floating rate with blended payments, and fixed rate with principal plus interest payments.
• Interest Rates: The interest rates are based on the chosen repayment option and are designed to suit your financial needs.

Eligible Expenses:

• The loan covers eligible expenses incurred within the 365 days before the loan approval date, including equipment purchases, leasehold improvements, intangible assets, and working capital.

Ineligible Expenses:

• The funds cannot be used for certain expenses not related to business growth and development, ensuring the loan is utilized effectively for your business's benefit.

Fees:

• There are minimal fees associated with the program, including a document preparation fee, an application fee, and an administration fee included in the interest rate.

If you're developing a new product, technology, or process, an Innovation Advisor can provide you with free, one-on-one assistance to help you find the government supports that are right for your business.

Innovation Advisors are former entrepreneurs and private-sector professionals who understand what it takes to grow a business. They can leverage their extensive network, knowledge, and experience to help you find and take advantage of all the government programs and services at your disposal—from financing to technical advice to foreign market expertise.

This service is free and tailored to your specific needs, ensuring you get the most relevant advice and support. Whether you need help with funding, navigating regulations, or expanding into new markets, an Innovation Advisor can guide you every step of the way.