Saskatchewan Product Development Program (PDP)
Highlights
This program is a golden opportunity for your agriculture or food processing business. You could receive up to $10,000 CAD to help propel your projects forward. This funding can cover technical service costs, product development, and technology assessments, allowing you to focus on what you do best: growing and innovating. With the need to only fund 50% of eligible expenses, you can stretch your budget further while investing in high-impact initiatives.
Applying for this program is straightforward, and with no strict revenue or employee requirements, it's designed for businesses of all sizes. By using Canadian-grown agricultural products, you not only improve your operations but also support local farmers. This funding will help your business stand out in the market and pave the way for future growth, making it a smart move for your success. Don't miss the chance to boost your business with financial assistance that fits your needs.
Financing Details
This program offers a grant for eligible projects. You can receive up to $10,000 CAD to cover 50% of eligible expenses. This means if your total costs are $20,000, you could get the maximum grant to aid your project.
Repayment Terms and Interest
There are no repayment terms or interest rates for this grant since it's not a loan. You don’t have to pay the money back as long as you use it for the approved purposes.
Eligible Expenses
You can use the funds for various costs, including:
- Technical service costs
- Product development
- Test processing
- Assessment and development of process and manufacturing technologies
Ineligible Expenses
The grant funds cannot be used for any non-agricultural products or costs unrelated to the specific activities mentioned above.
Fees
There are no fees associated with this program, making it a straightforward opportunity for funding without hidden costs.
Qualifications
- Location: Business must be located in Saskatchewan.
- Sector: Business must operate in the agriculture and food processing sector.
- Profit Structure: Business must be a for-profit organization.
- Use of Products: Business must use Canadian-grown agricultural products.
- Legal Structure: All legal structures are eligible.
- Employees: No minimum or maximum employee requirements.
- Revenue: No minimum or maximum revenue qualifications.
Disqualifications:
- Non-Profit Organizations: Businesses that are non-profit do not qualify.
Description
This program is designed to boost growth and innovation in your agriculture and food processing business. You can receive up to $10,000 CAD to help fund projects that improve your operations. This financial assistance can be used for various purposes, including technical service costs, product development, and process technology assessments.
To take advantage of this funding, you need to cover 50% of eligible expenses. The best part? There’s no strict revenue or employee count required, making it accessible for businesses of all sizes. You can focus on using Canadian-grown agricultural products, supporting local while enhancing your business capabilities.
With this support, you can enhance your products and processes, ultimately helping you stand out in the market. It’s a valuable opportunity to invest in the future of your business.
Program Steps
Review the Program Details
Familiarize yourself with what the program offers and how it can benefit your business.Identify Eligible Projects
Determine which projects or initiatives you plan to fund with the assistance. This could include technical services, product development, or technology assessments.Prepare the Appropriate Documentation
Gather the following documents needed for your application:- Business registration documents
- Project proposal outlining your goals and expected outcomes
- Budget breakdown demonstrating the project's costs
- Invoices or quotes from suppliers for eligible expenses
- Proof of your connection to Canadian-grown agricultural products
Complete the Application Form
Fill out the application form accurately and completely, ensuring all required fields are addressed.Submit Your Application
Send your completed application along with the necessary documentation to the program's designated submission channel.Follow-Up
After submitting, keep track of your application status. Reach out if you have not heard back within a reasonable timeframe.Receive Funding
If approved, review the funding agreement, and use the funds as specified in your submitted application to enhance your business operations.