PrairiesCan Business Scale-up and Productivity (BSP) Program - Alberta
Federal interest-free repayable loans from $200,000 to $5 million for high-growth Alberta businesses scaling up or commercializing technology.
About this program
Prairies Economic Development Canada (PrairiesCan) Business Scale-up and Productivity (BSP) program provides interest-free, repayable contributions from $200,000 to $5 million to incorporated high-growth Alberta businesses (and other Prairie provinces). Funding covers up to 50% of eligible project costs; non-government sources must cover at least 50%. Eligible activities include scale-up, productivity improvements, market expansion, and late-stage technology commercialization in advanced manufacturing, digital technology, value-added agriculture, clean technology, clean resources, and life sciences. Priority for 20%+ YoY revenue growth. Lifetime cap of $10M per organization.
Eligibility
Incorporated high-growth for-profit businesses operating in Alberta for at least 2 years; producing innovative goods, services, or technologies; confirmed funding from non-government sources covering at least 50% of project costs.
Requirements
- Alberta incorporation
- 2+ years of operations
- High-growth track record (20%+ YoY revenue ideal)