Canadian Federal Government Expected to Increase Funding For Startups

Did you know that in the next budget from the Canadian federal government, it has been announced that there is an expected increase in government funding for startup incubators and accelerators.  These incubators and accelerators are organizations that provide resources and small business assistance to help entrepreneurs grow their startup companies.

So what does this mean for your small business startup in Canada?

It means that more money will be available from the Canadian government in the form of government grants, government loans and financial support.

How to take advantage of it?

If you are in business already, or thinking of starting your own business – accessing funding programs isn’t difficult. However, it is a very time consuming process to find the programs which are available, open and potentially right for you.

We here at CanadaStartups have compiled a Small Business Funding Database which you can read more about here. It currently gives you access to hundreds of government grant, loan and funding assistance programs available from numerous funding agencies through the Canadian government. If you wish to go a different way, the Funding Database also gives you access to hundreds of private investor programs which you may be able to benefit from.

How much funding can you get?

The amount of funding really depends on a number of factors. These factors can include the location (province) of your small business, the required funding amount, your industry, your funding needs as well as your credit score (personal and business). Don’t let that stop you. As each funding program is different, being denied for one program does not mean you will be denied for all.

To start your funding search, we highly recommend using the Funding Database we provide you with, as it does come with a Business Plan Builder Tool which you can use to create your business plan and use it when applying for funding.