Is your business ready to grow? Are you looking to improve the productivity of your company or diversify your current activities? If so, FedDev’s Investing in Business Growth and Prosperity (IBGP) program might be the right fit for you. The IBGP program is directed at Canadian small-and-medium-sized enterprises (SMEs) who have successfully established themselves in their field. Under the business growth program stream, these SMEs are eligible for up to 25% of eligible project costs to a maximum of $20 million per project. The initiative is meant to support economic vitality and create jobs across Southern Ontario.
Eligible candidates will:
- Have at least 15 employee
- Be located in Southern Ontario
- Possess a sustainable business model and a profitable track record with the potential to become a strong global player.
Eligible Projects include (but are not limited to) the adaptation or adoption of new technologies or processes, facility improvement or expansion, market development/expansion, and market diversification. If your business is planning a project that aligns with these initiatives, we strongly encourage you to contact a member of the Northbridge team today to discuss your eligibility. Northbridge’s dedicated team of government funding experts can advise and assist you in the application process.