Canada Startups Business Funding Blog
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Funding

Getting Start-up business grants in Canada

3 min read
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Sofia Martinez

Start-Up Business Grants in Canada

As a small business, or an individual considering starting your own small business, getting start-up business grants in Canada would make your life and path to success a lot easier.

Even with the pandemic, the Canadian government supports entrepreneurs who are starting up.

The support comes from a number of direct government funding options and government-backed funds as well.

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One of the primary, and most sought-after options, is start-up business grants.

While not everyone is eligible for the free government money associated with getting a start-up business grant in Canada, the funds are only provided to those who follow the steps and apply accordingly.

Are You Eligible for Start-Up Business Grants in Canada?

Start-up government grants are available to qualified individuals who make the effort to apply appropriately, match the criteria, and effectively build a business that supports the economy. This often involves hiring and training staff, going green, and more.

There are a number of different start-up business grant programs that the Canadian government provides, including:

  • Non-repayable government grants
  • Partial contributions
  • Conditionally repayable government grants

Each of the grants has its own pros and cons.

Here is a bit more to help you learn about the 3 types of government grants for small businesses.

So, are you eligible?

There is no straight, immediate yes or no answer.

Start-up business grants vary from business to business, industry to industry, and from location to location.

To find out if you are eligible for any start-up business grants in Canada, the best thing to do is to speak to a funding expert who can review your specific situation and help.

You can call a Canada Startups expert at 1-800-288-9691 to discuss your start-up grant and funding options.

General eligibility criteria include:

  • Ensuring you have a solid business plan
  • Three-year financials (existing or projected)
  • Knowing the programs you want to apply to and meeting their criteria
  • Applying on time
  • Ensuring your applications are 100% complete and accurate

Not Sure If You Are Eligible for Start-Up Grant Options?

The Canadian government has nearly 1,000 government funding programs available.

While the majority of the well-researched public knows about the top 10 to 20 programs, there are hundreds of options that require intensive research to discover.

These options are often offered by local, municipal, provincial, and federal governments, and are frequently run by agencies with little to no marketing budget, making them extremely hard to promote and discover.

But not to worry. If you are not eligible for start-up business grants in Canada, there are plenty of other options to consider.

These options include:

Government loans

  • Low-interest loans

  • No-interest loans

  • Government-guaranteed loans

  • Tax breaks and tax credits

  • Consulting and financial assistance

The help is definitely there. However, you do need to do a bit of digging to find it.

Alternatively, you can get help from Canada Startups with your business plan, financials and projections, pitch deck, funding search, and application process. They can help you find all available start-up business grant programs, government loan options, and do the work for you.

With the COVID-19 pandemic impacting everyone, now is the best time to do something for yourself and your business by starting your funding search.

The government is supporting entrepreneurship to rebuild the economy. Take charge now and secure the funds you need.