Grants For Start-ups And Small Businesses

It is a common misconception that small businesses and start-ups are ineligible for grant funding. In fact, many grant programs in Canada are specifically designed for small- to-medium-sized businesses, a category defined as having fewer than 500 employees.

According to Innovation, Science and Economic Development Canada, 99.7% of all businesses in Canada are small- to medium-sized businesses. Funding for start-ups and small businesses can range from a few thousand dollars for hiring and training grants up to $10 million for technology-driven research, development and innovation projects. Additionally, there are some grant programs that are specifically designed to support start-ups and entrepreneurs by providing non-repayable funding along with mentorship, networking opportunities, resources and more.