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Leyton is an international consulting firm that helps businesses leverage financial incentives to accelerate their growth and achieve long-lasting performance.
Starting a new business is an exciting venture, but securing funding can be a daunting task. Fortunately, for Canadian entrepreneurs, there are various government grants available to provide financial support and propel your business forward. In this comprehensive guide, we’ll walk you through the essentials of government grants in Canada, helping you understand the types of grants, eligibility criteria, application processes, and much more.
Before diving into the specifics, it’s crucial to grasp the landscape of government grants in Canada. These grants are typically offered by federal, provincial, and municipal governments, each with its own set of programs tailored to support businesses at different stages of development. Additionally, there are industry-specific grants designed to stimulate growth in key sectors.
Government grants for new businesses in Canada come in various forms, addressing different needs and sectors. Here are some common types:
Determining your eligibility for government grants is a crucial step. Eligibility criteria can vary widely based on factors such as your business size, industry, location, and objectives. Common requirements may include:
Once you’ve identified suitable grants and confirmed your eligibility, the next step is to prepare a compelling grant application. While specific requirements may vary, here are key documents commonly requested:
Now that you’re armed with a strong application, the next challenge is finding the right grant opportunities. Here are effective ways to navigate the application process:
Navigating the world of government grants as a new business owner can be challenging, but with the right knowledge and professional guidance, you can increase your chances of securing valuable funding.
If you are hoping to secure a grant for your new business, at Leyton, our experts can help you develop a compelling application without disrupting your day to day activities. Schedule a free consultation with one of our consultants now!
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