Request for Applications: Business Development Program (Canada)

The Business Development Program (BDP) by the Atlantic Canada Opportunities Agency (ACOA) supports entrepreneurs and non-profits in Atlantic Canada aiming to launch, modernize, and grow their businesses. The program offers interest-free, unsecured funding to help realize new ideas and foster business growth. For those interested, the next steps involve contacting ACOA to explore funding options. The Business Development Program is designed to help Atlantic Canadian entrepreneurs and non-profits launch new ventures, enhance existing businesses, and support overall regional economic growth. The program focuses on innovative projects that can elevate business competitiveness and productivity. The BDP is crucial for fostering economic development in Atlantic Canada, providing financial resources to entrepreneurs and non-profits that drive innovation and competitiveness in the region. For more details or to submit an inquiry, visit the ACOA Contact Network. What is the maximum funding available for entrepreneurs? Entrepreneurs can receive up to 50% of the capital needed for their projects. Are the funds provided by the BDP repayable? Yes, the funding is repayable but without interest. What types of activities can be funded for business growth? Eligible activities include staff training, marketing, productivity improvements, and more. Who can apply for non-profit support? Non-profit organizations that assist SMEs in Atlantic Canada can apply for support. What is the application process? Applicants need to contact ACOA to discuss their project and submit the necessary application forms. Eligible applicants should review the official guidelines and contact ACOA to explore funding opportunities. This is a valuable chance for entrepreneurs and non-profits in Atlantic Canada to secure the support needed to achieve their business goals.