The Business Scale-up and Productivity (BSP) Stream aims to accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become competitive in both domestic and global markets.
Through this program, FedNor seeks to:
- Assist Northern Ontario firms to scale up and expand.
- Support technology demonstration and the commercialization of new technologies.
- Encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity.
- Increase businesses’ capacity to grow through market diversification and entry into domestic and global markets.
FedNor is targeting investments in innovative and trade-oriented businesses seeking to accelerate their growth.
Eligible applicants include incorporated small and medium-sized enterprises (SMEs) and Indigenous (First Nation/Métis/Inuit) businesses and organizations.
Retail and service-based businesses will not be considered under this program.
Project benefits must accrue to Northern Ontario.
All eligible applicants must be legal entities capable of entering into legally binding agreements.
This program is not intended to support smaller startups and entrepreneurs. Those entities may be eligible for FedNor funding as part of projects supported under the Regional Innovation Ecosystems (RIE) streams (e.g., business accelerators and incubators).
