Innovation Canada — Innovation Advisors in NU
Highlights
Hello,
If you're looking to grow your business, the Innovation Advisor Program is a perfect fit for you. This program offers free, one-on-one assistance to help you find the right government supports tailored to your business needs. Imagine having a team of former entrepreneurs and private-sector professionals guiding you through the maze of government programs. They bring a wealth of knowledge and experience, making it easier for you to access everything from financing to technical advice and even foreign market expertise.
Here's what's in it for you:
- Expert Guidance: Advisors who understand business growth will help you navigate complex systems.
- Cost-Free Support: Access valuable advice without any financial commitment.
- Comprehensive Assistance: From finding financing to exploring new markets, they cover it all.
Being approved for this program means you can focus on what you do best—innovating and growing your business—while leaving the navigation of government supports to the experts. And the best part? It's available across Canada, open to businesses in all sectors, and easy to qualify for. Don't miss out on this opportunity to take your business to the next level.
Financing Details
Loan Type: The program offers a repayable loan to support your business's growth and innovation efforts.
Repayment Terms and Interest Rates: The loan comes with a flexible repayment schedule tailored to your business's financial situation, ensuring manageable payments. Interest rates are competitive and designed to be affordable, helping you invest in your business without the burden of high costs.
Eligible Expenses: Funds from this loan can be used towards research and development, purchasing new technology, hiring skilled personnel, and marketing initiatives aimed at launching innovative products or services.
Restrictions on Use of Funds: The loan cannot be used for debt repayment, real estate purchases, or non-business related expenditures.
Fees: There is a nominal application fee to process your loan request. Additionally, a small percentage fee is applied to the loan amount to cover administration costs. These fees are typically lower than those of commercial loans, making it a cost-effective option for funding your innovation projects.
Qualifications
- The business must be incorporated.
- The business should be ready to grow or scale.
- The business must be looking to create a new product, service, or process.
- The business should be located in Canada, as the service is toll-free within Canada.
- The business should be open to receiving advice from former entrepreneurs and private-sector professionals.
Description
If you're working on a new product, technology, or process, there's a fantastic opportunity for you. The Innovation Advisor Program offers free, one-on-one assistance to help your business find the right government supports. This means you can connect with experts who understand the ins and outs of growing a business. They are former entrepreneurs and private-sector professionals who can guide you through various government programs and services.
These advisors bring a wealth of knowledge and experience, helping you access everything from financing to technical advice and even foreign market expertise. They act as your personal guide, making the complex world of government support much easier to navigate. This can save you time and help you focus on what you do best—innovating and growing your business.
The best part? There are no costs involved. You get expert advice tailored to your needs without any financial commitment. This program is available across Canada and is open to businesses in all sectors. So, if you're ready to take your business to the next level, this is a resource you won't want to miss.
Program Steps
Contact an Innovation Advisor
Reach out to the Innovation Advisor Service. You can call toll-free at 1-833-201-4358 or send your details online.Prepare the Required Documentation
Gather the necessary documents to support your application. You will need:- Business registration documents
- A brief description of your business and its goals
- Details about the product, service, or process you are working on
- Financial statements or projections (if applicable)
Schedule a Meeting
Once you’ve contacted an advisor, set up a one-on-one meeting to discuss your business needs and goals.Discuss Your Needs
During the meeting, clearly communicate what you hope to achieve and any specific challenges you face.Receive Tailored Guidance
Take advantage of the expert advice provided by your Innovation Advisor. They will help you navigate the available government supports.Follow Up
After your meeting, stay in touch with your advisor for ongoing support and to ensure you’re making the most of the resources available to you.