How grant financing works
There are thousands of grants in Canada ranging from hundreds of dollars for training to millions of dollars for investment. We take the time to understand your business goals and recommend which grants, subsidies or loans you qualify for and how we can finance them. It can take months, and even years to get from grant approval to the final disbursement. Venbridge provides you with the capital now so you don’t have to wait.
Combined with SR&ED, we can develop a financing package to ensure you are maximizing your government incentives and getting the amount of growth capital you need.
Benefits
- FAST: Receive funds in as little as 10 business days
- COST EFFECTIVE: There is a cost to the loan, but it is usually much less expensive than equity
- NON-DILUTIVE: Don’t lose equity to grow your business
- SIMPLE: Standard loan documentation which is easy to understand
Flexibility
- We will look at all your assets that can be funded to meet your needs
- Principle holidays
- Deferred interest
- Light covenants
Criteria
- Established company with solid performance
- Company more than 2 years old
- Minimum $200,000 grant
- Clear criteria for grant disbursement
Federal Grants & Funding Programs for Canadian Companies
This is a funding program for all small and medium-sized businesses in Canada. The program has four sub-programs and is intended to accelerate R&D projects. Companies can receive anywhere up to a maximum of $150k.
This is a funding program for Canadian businesses of all sizes who are looking to move their new and innovative goods to market. Goods must be past the design and prototyping stage but not yet available to the public. Companies can receive up to $1M to test out their innovative products.
This program is for startups and small businesses in Canada that have gross revenue of $10M or lower. Businesses will be able to apply for loans within this program. Max loan size is $1M.
This program is open to all Canadian companies working on projects in the agriculture, agri-based products, and agri-food industries. Funding is determined individually for each applicant but the total government funding for a project cannot be more than 85% of the total costs.
This program helps companies who are looking to work with a foreign partner on an international R&D project with the purpose of commercialization. Must be an incorporated small or medium-sized business.
This is a government-funded grant program for small businesses in Canada with the purpose of helping them expand and explore international markets. Open to companies in all industries. Companies can receive up to $99,999 per fiscal year.
This is a funding program for all small and medium-sized businesses in Canada. The program has four sub-programs and is intended to accelerate R&D projects. Companies can receive anywhere up to a maximum of $150k.
This organization has a variety of different funding programs. The purpose of these programs is to help accelerate R&D projects. Each program works a little differently and eligible companies will receive funding assistance, expertise from interns, or a combination of both to ensure your innovative projects are a success.
The NSERC has a few different grant programs to choose from. All of the grants are related to R&D and certain grants are open to all sized businesses.
This fund offers financial support to Canadian companies who are working to develop new technology with a noticeable environmental benefit. Companies can receive up to 40% of their project costs, with an average of $3M being disbursed over a five-year period (or less).
This fund is open to Canadian businesses of all sizes and is intended to accelerate and promote R&D projects. Eligible companies must request a minimum of $10M for a proposal that has a total cost of a minimum of $20M and is open to all sectors.
This program is for Canadian non-profit corporations in the agriculture, agri-food, agri-based products, including fish and seafood industries. The maximum program funding for a project is $2.5M per year up to a maximum of $10M over five years.