Funding Alert: PacifiCan Business Acceleration Pilot (BizAP) for BC

Funding Alert: PacifiCan Business Acceleration Pilot (BizAP) for British-Columbia

PacifiCan Business Acceleration Pilot (BizAP) is a new pilot initiative that invests in organizations capable of helping other high-growth-potential businesses achieve their scale-up ambitions.

PacifiCan Business Acceleration Pilot (BizAP) is a new pilot initiative that invests in organizations capable of helping other high-growth-potential businesses achieve their scale-up ambitions.

This program will take application until Thursday, December 14th, 2023.

Funding Amount

• Up to $5 million
• PacifiCan contribution must be matched (i.e., totals no more than 50% of project expenses). Total combined government funding (stacking) will be capped at 65% of total project costs.

Funding Type

• Not-for-profit organizations: Grant/non-repayable contribution.
• For-profit organizations: Interest-free loan/repayable contribution (normally repaid at 0% interest over 5 years in monthly installments beginning one year after the project end date).

Region

British Columbia

Program Objectives

BizAP will make targeted investments in organizations whose proposals demonstrate their ability to help high-growth-potential businesses overcome their scale-up challenges.

Eligible Applicants

Not-for-profit and for-profit organizations that support businesses in pursuit of scale-up ambitions, including but not limited to:

• business accelerators
• angel networks
• indigenous organizations (not-for-profits and businesses)
• industry associations
• municipalities and all other municipal-type organizations
• groups or consortia of eligible recipients
• post-secondary educational institutions
• social enterprises
• groups or consortia of eligible recipients

Eligible Activities

Activities that support critical scale-up needs, such as:

• capital attraction
• peer and expert mentoring and networking
• market assessment and development

Project Timeline

Projects may commence after funding approval is received (expected in May 2024) and must be completed by March 2027.

Thinking of applying for financing? These funds are highly competitive, contact us today to get started!

Why Ayming?

Our team of experts will take the time to understand your current and future planned projects. We will then align these initiatives to the program in order to provide you with the highest ROI and the highest chance of approval.

• We have extensive experience working with Canadian SMEs and have the expertise to properly position and maximize your application to secure your business funding.
• We are the first Canadian company to establish a national grants practice.
• Our proprietary artificial intelligence (AI) driven database of grants provides live access to thousands of programs, including a custom snapshot of all federal and provincial grants currently available to each company specifically.
• Our highly experienced delivery teams boast over 50 + years of combined grants experience and over 200+ years of combined SR&ED experience, meaning you partner with true subject matter experts who are invested in your success.
• No risk success-fee remuneration.

Contact one of our Grant experts today to get your application started ASAP before program funding is depleted! We’re here to help and answer all of your questions.

Find out more about our Grants process here.