Newfoundland and Labrador Business Growth Program
The Business Growth Program provides non-repayable contributions to help Newfoundland and Labrador businesses start, innovate, scale, commercialize, improve productivity, and expand sales.
About this program
The Newfoundland and Labrador Business Growth Program provides non-repayable contributions for projects that help growth-focused businesses start, innovate, scale, commercialize products, improve productivity, obtain technical assistance, and expand sales locally, nationally, or internationally. The program normally contributes up to 50 percent of eligible costs to a maximum of $200,000 over 24 months, with development and commercialization projects considered for higher multi-year support normally up to $750,000. Eligible applicants include commercially viable firms, sole proprietors, partnerships, corporations, co-operatives, and nonprofits generating commercial revenue or pursuing international trade or economic development opportunities.
Eligibility
Growth-focused, commercially viable businesses, co-operatives, and qualifying nonprofits operating in Newfoundland and Labrador may apply for eligible business growth, commercialization, productivity, technical assistance, or internationalization projects.
Requirements
- Applicant must operate within Newfoundland and Labrador.
- Applicant must demonstrate commercial viability or the ability to generate commercial revenue or pursue trade or economic development opportunities.
- Applicant must demonstrate the ability to undertake the proposed project.