Government Programs To Help Start A Small Business – Imagine getting $75,000 to expand into a new market? Or maybe you’d like an extra $12,000 to hire a professional young worker to help with business projects you never had time for. What’s more, you don’t have to return a penny of that money! What impact would this have on your company’s revenue?
Federal and provincial governments invest more than $26 billion annually in subsidies and tax credits. But less than 10% of companies have access to that money! Since we’ve worked with over 750 companies in over 20 industries, we have a pretty good idea why most companies don’t bother applying for Canadian government funding or fail to get grants.
Government Programs To Help Start A Small Business
Small businesses often face even greater challenges as they lack the manpower to keep track of all the details and secure the subsidy. Whether you run a small or medium business, we’ll show you how you can use our Get system to stay ahead of the competition by successfully soliciting grants.
Small Business Resources To Consider Before Starting Your New Business
Different provinces will have different levels of project funding based on their priorities. So if you want to know how to get government funding, don’t underestimate the importance of understanding government intentions. This may seem like a minor detail, but we’ve seen many companies fail to understand how their projects support government grant goals.
For example, the Canada Periodical Fund’s Business Innovation component provides funding to small and medium-sized print magazines and digital periodical publishers. Although all the details of the grant application are on the website, it is worth the effort to better understand the funding objectives. Elsewhere on the website, it says that the grants are intended to provide support in the production and distribution of high-quality Canadian editorial content for Canadian readers.
So when you describe your project for a grant application, make it clear how your business will support the goal of distributing great Canadian content to Canadian readers.
Of course, the most obvious benefit of Canadian business grants is that you receive money to support your business and don’t have to pay it back! However, here are the most common obstacles to successful small business grant applications and mid-sized business funding:
Small Business Grants In Quebec
Our team of grant gurus have personally provided over $15 million in grants to companies since 2011. While many companies are not yet able to leverage our team’s expertise, we still heard a strong demand from people who wanted to know how to secure a Canadian business, admits himself.
That’s why we developed Get so that companies can effectively manage the grant application process, overcome the common challenges of obtaining government grants and maximize their chances of obtaining funding.
Here are the main differences between securing Canadian business grants through our innovative Get and Consulting services:
When preparing grant applications for medium and small businesses, you can apply the following best practices based on our experience with over 6,000 grants:
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For more information on these Canadian business grant strategies, see our previous post.
Applying for grants can be such a confusing and frustrating process. Important information is often stored in different places on a website and it is difficult to put all the pieces together. With Get, everything you need to successfully apply for a grant is summarized in an easy-to-read format.
If your company has been operating on the market for at least 1 to 2 years and wants to hire, train or expand into foreign markets, Get is the perfect solution to access financing. Below are the main ways Getn can take your business to the next level!
One of the main reasons why business owners do not apply for grants is lack of time. If someone in your company were trying to manually search for a grant that matches your business profile, it could take hours of valuable time before the application process begins!
The Top 5 Small Business Grants For Aerospace Canada
Thanks to Get, our system works for you 24 hours a day, 7 days a week. All you need to do is take a few minutes to fill out your company profile when you first sign up. The system then continuously matches your company with eligible federal and provincial grants based on the information you provide. This saves you a lot of time from endlessly searching through hundreds of pages of government documents to find out what you qualify for.
With Get, you can see the highest value grants and their due dates. If you run a small business with limited resources, our system is so easy to use that you can easily appoint someone in your company to effectively monitor funding programs and start filling grant applications for medium and small businesses.
Normally, grants are open until all available funds have been awarded. If you’re waiting for the Canadian government’s business grant word of mouth, you can easily miss out on a lot of money for your business.
Get will help you be one of the first to know about funding opportunities and increase your chances of being approved. You will receive an email weekly with a list of Canadian business grants that match your business profile and grant updates that you save to your dashboard. Because grants are not static, important information such as eligibility and deadlines change frequently. Our weekly email will notify you of the following details:
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Instead of signing up for multiple newsletters and flooding your inbox with grants you don’t qualify for, we customize updates specifically for your business.
One of the biggest frustrations with Canadian government grants to businesses is that they often close without notice, even when there is a specific deadline, as many government grants are awarded on a first-come, first-served basis. That’s why it’s so important to start applying as soon as possible so you don’t miss out on at least thousands of dollars in funding!
We often hear about companies applying for grants, but we never hear about their status. Many times they don’t get a response because the grant has actually closed. By saving the grant you applied for on the Get dashboard, we’ll notify you of these updates so you’re always up to date.
People often think that once they get grant approval, that’s the end of the job. But in reality, this is only a fraction of the work done to meet funding requirements. Once approved for small business grants, Canadian companies must submit the required documents by the prescribed deadlines. Even if you are approved for a grant and fail to meet the deadlines for submitting receipts or project documentation, you may not be reimbursed for these activities.
Support For Small Businesses
The Download dashboard helps you keep track of approved grant applications as well as required documents so you don’t miss a deadline. Thanks to this, you will be accountable throughout the grant award process.
Once approved, tick it on your dashboard so you can tally up how much money you’ve received over the year.
Our grant gurus are constantly gathering helpful resources to maximize your chances of getting a grant. Here’s how they provide essential information in one easy-to-read place:
Instead of reading countless pages of government websites to find out if a grant is right for your business, Get provides a quick summary of the most important information to save you time.
Government Grants For Businesses In Canada
Based on our extensive experience with government grants and the thousands of applications submitted, we have developed best practices such as important details to pay attention to, common mistakes to avoid and the best time to plan business activities to match the grant funding period.
We have videos that walk you through the basics of how to get government funding and an overview of some recommended grants.
We host a webinar every month on all the tips and must-dos for our subscribers, so you’re always up to date with the latest best practices.
We have a dedicated research team of government grant experts who are constantly updating Get funding details. You’ll be surprised how often grant details change every year.
Government Grants For Small Business In 2022
If someone misses an important change, they can leave money on the table with a rejected application. But you don’t have to worry about missing key details because it’s our job to keep you up to date with all these updates and we’ll just let you know via Get.
Get is tailored to your province, but not to a specific region like Vancouver, because we didn’t want to make assumptions about your business. We have seen companies use subsidies to expand into areas they would never have thought possible.
There can be many reasons why a company is not eligible for market expansion grants. One of the most common reasons is that the company does not meet the minimum income required by the government.
While Market Expansion Grants come in a higher dollar amount (up to $75,000) and are very attractive grants for many business owners, the government must ensure that companies have the
Chapter 27: Financing Business
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