REGI — Business Scale-up and Productivity
Highlights
Hello,
We understand you're always looking for ways to grow your business and stay ahead of the competition. That's why this program is a perfect fit for you. With a repayable contribution of up to $500,000, you can cover 50% of eligible costs for projects that focus on growth, productivity, and technology adoption. This isn't just any financing—it's designed to help you scale up efficiently and enter new markets. Think of it as a boost to help you commercialize innovative ideas and demonstrate new technologies.
What's in it for you? Increased productivity and market reach. By adopting cutting-edge technologies and processes, your business can diversify and expand into global markets. This program supports high-growth firms like yours to scale up and attract new investments. The payback terms are straightforward, making it a practical option for businesses ready to take the next step in their growth journey.
Qualifying is straightforward, and being approved means you're on your way to enhancing your competitive edge globally. This is a chance to not only grow but to thrive in an ever-changing market. Let's make your business dreams a reality.
Financing Details
Financing Type: This program offers a repayable contribution, meaning you'll receive financial support that you need to pay back over time.
Repayment Terms: The contribution covers up to 50% of eligible costs, up to a maximum of $500,000. The repayment schedule is flexible, designed to accommodate the financial realities of growing businesses. Specific terms, including interest rates and repayment periods, will be detailed in your agreement, ensuring they are manageable and aligned with your business's cash flow.
Eligible Expenses: Funds can be used towards activities that support business growth and productivity improvements. This includes the adoption of new technologies, market expansion, and the commercialization of innovative products. Expenses related to operational improvements that lead to increased competitiveness in global markets are also covered.
Restrictions on Use of Funds: The funds cannot be used for regular operational costs such as payroll for existing staff, office rentals, or utility bills. The focus is strictly on expansion and innovation-related expenses.
Fees: There are no application fees for this program. However, ensure to review the terms of the agreement for any potential administrative fees or charges that might apply once the project is underway.
Qualifications
- Business must be a high-growth firm.
- Must be seeking to scale up and expand operations.
- Should be involved in technology demonstration and commercialization of new technologies.
- Must be adopting or adapting leading-edge technologies and processes to improve productivity.
- Business should aim to increase capacity through market diversification and entry into global markets.
- Business must be innovative and globally oriented.
Description
You can receive a repayable contribution of up to $500,000 to cover 50% of eligible costs for your business project. This funding is designed to help your business grow, boost productivity, and adopt new technologies. It's a great way to expand your market reach and attract new investments.
The program is all about helping businesses like yours scale up efficiently. Whether you're looking to demonstrate new technologies or commercialize innovative ideas, this funding can support your efforts. It's also perfect for businesses aiming to improve productivity by adopting cutting-edge technologies and processes.
With this support, your business can diversify and enter global markets, increasing your capacity to grow. The payback terms are straightforward, making it a practical option for businesses ready to take the next step in their growth journey. This is a chance to enhance your business's competitive edge on a global scale.
Program Steps
Prepare Your Project Proposal
Outline your project goals, expected outcomes, and how the funding will help your business grow and adopt new technologies.Gather Required Documentation
Collect the following documents for your application:- Business registration documents
- Financial statements (last two years)
- Detailed project budget
- Evidence of project feasibility (market research, technology assessments)
- Letters of support or partnership agreements (if applicable)
Complete the Application Form
Fill out the application form with accurate and detailed information about your business and project.Submit Your Application
Send your completed application and all required documents to the designated program contact.Follow Up
After submission, check in with the program contact to confirm receipt and ask about the timeline for decisions.Prepare for an Interview (if required)
Be ready to discuss your project in detail if the program requires an interview as part of the evaluation process.