Subsidies and Grants

Subsidies are non-refundable funds that can be payable to your business and that generally offer the following characteristics:

• Focus on achieving very specific short- and medium-term objectives;
• The subsidy amount could represent sums that vary between hundreds and thousands of dollars. Note that the sum will rarely exceed $100,000 for each request;
• Some programs can be solicited several times by the same business, and many of these requests may be accepted;
• Specific businesses benefit from annual programs, by submitting an application every year;
• Once a business receives funding, it automatically has an upper hand on other businesses making it easier to receive financial assistance for a second time from the same organization or even a new one;

Programs that grant subsidies often aim for objectives related to:

• Business start-up and expansion;
• Job creation and on-the-job training;
• Establishment of better business practices;
• Development of collaborations and partnerships;
• Innovation in all its forms.