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Business Scale-up and Productivity in British Columbia

Pacific Economic Development Canada (PacifiCan) has announced that they will be accepting Expressions of Interest for their Business Scale-up and Productivity program from November 23, 2022, at 12:00 pm PST through to January 31, 2023, at 12:00 pm PST.

PacifiCan makes strategic investments in growing companies through its Business Scale-up and Productivity (BSP) program, in both established sectors creating value now and emerging sectors growing quickly.

BSP supports high-growth businesses that are scaling up and producing innovative goods, services or technologies, offering interest-free, repayable funding to incorporated businesses. The program is open to incorporated high-growth businesses that have been operating in British Columbia for a minimum of 2 years. Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees (FTEs).

Up to 50% of eligible project costs may be requested from PacifiCan:

  • minimum $200,000; maximum $5 million per project

  • maximum $10 million to any 1 organization (through multiple projects)

  • minimum 50% of total project funding required from confirmed non-government sources

  • all non-PacifiCan sources must be confirmed at time of application and after project approval

New costs essential to the project. For example:

  • capital costs (equipment, machinery)

  • labour (wages, benefits)

  • marketing

  • costs related to intellectual property

  • technology development and commercial demonstrations

  • professional, advisory, technical services

Note that preference may be given to proposals with a demonstrated focus on:

  • Advanced manufacturing

  • Clean resources

  • Clean technology

  • Digital industries

  • Health/bio-sciences

  • Natural resources value-added processing

  • Ocean technology

  • Value-added agriculture/agritech

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