Business Investment Program
To provide complementary funds (term loans and equity investments) to enable value-added manufacturing, information technology, aquaculture, bio-technology, marine services, agrifoods and tourism.
- The Department of Department of Tourism, Culture, Industry and Innovation (TCII)
Overview of the Business Investment Program program:
The Business Development Support Program, offered by the Government of Newfoundland and Labrador, provides financial assistance to businesses for a variety of development activities. The program supports initiatives such as marketing, professional development, productivity improvements, and business growth. Eligible businesses can receive funding to help cover costs associated with these activities, promoting overall business development and competitiveness in the region.
Eligibility criteria of the Business Investment Program program:
- Eligible applicants must normally:
- Be a small and medium-sized enterprise (SME) based and operating in Newfoundland and Labrador having fewer than 100 employees and less than $10 million in sales.
- Demonstrate its ability to undertake the work identified in the project proposal.
- Demonstrate its ability to access the financial capital required to complete the project.
- Operate in a strategic sector as defined by IET.
- Be in good standing with the Government of Newfoundland and Labrador.
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