Business scale-up and productivity

Overview of the Business scale-up and productivity program:

The Business Scale-up and Productivity (BSP) Program is a funding initiative by Canada Economic Development for Quebec Regions (CED) designed to support high-growth businesses in Quebec as they scale up and improve their productivity. The program aims to accelerate the growth of businesses, enhance their competitiveness, and support their expansion into new markets. By providing financial assistance, the BSP program helps businesses invest in innovative processes, adopt advanced technologies, and implement strategies that lead to sustainable growth.

Benefits of the Business scale-up and productivity program:

• Support for High-Growth Businesses: The BSP program is targeted at businesses that have demonstrated significant growth potential. The program helps these businesses take the next step by providing the financial resources needed to scale up their operations, increase productivity, and enhance their competitive position.
• Funding for Innovation and Expansion: The program provides financial support for projects that involve the adoption of innovative technologies, the improvement of production processes, or the expansion of business operations. This can include investments in equipment, software, market development, and other activities that drive growth.
• Flexible Financial Assistance: The BSP program offers a combination of repayable and non-repayable contributions, depending on the nature of the project and the needs of the business. This flexibility allows businesses to access the type of funding that best suits their growth plans.
• Focus on Economic Impact: Projects funded by the BSP program are expected to have a significant positive impact on the businesss competitiveness and on the broader economy. This includes creating jobs, increasing exports, and contributing to the economic development of the Quebec region.

Eligibility criteria of the Business scale-up and productivity program:

• Quebec-Based Businesses: The program is open to small and medium-sized enterprises (SMEs) that are based in Quebec. Applicants must demonstrate that their business has strong growth potential and is poised for expansion.
• High-Growth Potential: Eligible businesses must have a clear plan for scaling up their operations. This includes demonstrating a track record of growth and a strategy for further expansion, whether through increased production capacity, market development, or the adoption of new technologies.
• Innovative Projects: The BSP program supports projects that involve innovation, whether through the adoption of new technologies, the improvement of business processes, or the development of new products or services. The project should clearly contribute to the businesss productivity and growth.