Investment

Aquaculture Capital Equity Program (ACEP)

Amount:

No Fixed Amount

Type of Program:

Investment

Description:

The objective of the Aquaculture Capital Equity Program is to partner with companies to increase production from both hatcheries and marine sites in Newfoundland and Labrador. The program will provide a minimum investment to projects of $250,000 for finfish operations and $100,000 for shellfish to match a private sector cash investment.

Comments on Funding:

ACEP provides a minimum investment of $250,000 for finfish operations and $100,000 for shellfish operations. Applicants must clearly demonstrate the ability to match the requested investment amount.
There is no maximum investment level under ACEP. All reasonable proposals are considered for funding.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

be incorporated enterprises operating in or proposing to operate in the finfish or shellfish industry,
be currently involved or proposing to become involved in the commercial scale production of shellfish or finfish at a Newfoundland and Labrador site licensed and approved by the Department of Fisheries, Forestry and Agriculture,
provide a business plan which includes information as requested by Government in the Business Plan Guidelines,
clearly demonstrate, through their business plan a strong potential for sustainable employment opportunities, incremental production and increased sales, and long-term commercial viability,
clearly demonstrate a definite need for Government financial assistance by way of an equity investment; that the equity investment is complementary to and levers to the maximum extent possible other sources of financing; and that the project could not proceed on a commercially viable basis without Government participation,
have all necessary licenses and regulatory approvals, to the satisfaction of Government,
be in good financial and legal standing with Government,
clearly demonstrate that management has the required technical, financial, marketing and managerial expertise for the operation of a commercial-scale aquaculture enterprise,
if existing operators, have at the date of application a minimum private sector equity position equivalent to 20% of the total assets, evidenced by externally prepared (minimum review engagement) financial statements for the last fiscal year, updated to the date of application if requested by Government,
if new operations, have a private sector equity investment equivalent to 20% of total program costs.

Application Steps:

should contact the Director of Aquaculture Development to discuss potential project, and confirm information required by the Department of Fisheries, Forestry and Agriculture to complete an assessment,

submit a proposal package, including a completed and signed application form, and a completed business plan, prepared in accordance with the guidelines contained in the program brochure, to the Director of Aquaculture Development,

meet with Director of Aquaculture Development to discuss the proposed project and projected timeline for decision.

Documentation Needed:

Applicant must submit:

a completed application form,
a business plan including ownership, financial and technical details,
Auditor-prepared financial statements for the past 3 years of operations, if the applicant is an existing operation,
Pro Forma Income Statements and Balance Sheets on a monthly basis for the first year, and on an annual basis for the next 4 years, including all assumptions,
Projected Monthly Cash Flow Statements for the first 5 years of operations, including all assumptions,
a production plan covering a five year period,
other supporting documents.

Other Things to Note:

No other details available.

Program Contact:

Programs and Services

Aquaculture-Capital-Equity-Program-Brochure-May-7-2021.pdf

ACEP-Policy-and-Procedures-Manual.pdf

Business Investment Fund – Business Investment Program

Amount:

$1,000,000.00

Type of Program:

Loan & Investment

Description:

The Business Investment Program provides term loans and equity investments to Newfoundland and Labrador SMEs in strategic growth sectors as identified by Industry, Energy and Technology (IET). The fund is also available to businesses which have export potential and require assistance to enter or expand in external markets.

Funds are provided to complement funding from conventional sources, where a need has been demonstrated, and are also intended to increase the capital base of businesses allowing them to leverage new private-sector investments.

Comments on Funding:

Funding is in the form of repayable term loans at the department's base rate of 4,5%.

Equity funding is in the form of redeemable preferred shares to a maximum of $500,000 per project and a maximum aggregate of $1 million is available.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

be a SME based and operating in Newfoundland and Labrador having fewer than 100 employees and less than $10 million in sales,
demonstrate its ability to undertake the work identified in the project proposal,
demonstrate its ability to access the financial capital required to complete the project,
operate in a strategic sector as defined by IET,
be in good standing with the Government of Newfoundland and Labrador.

Strategic sectors: Advanced Technologies, Aerospace, Agri-foods, food and beverage, Aquaculture, Biotechnology and Life Sciences, Craft, Gift and Apparel, Energy, Environmental Industries, Fishery (excludes fish harvesting and primary processing), Forest Products, Information and Communications, Technology, Manufacturing, Ocean Technology, Mineral Resources, Natural Stone, and Tourism and Cultural Industries.

Application Steps:

The applicant must submit a signed, completed application with supporting documentation to the office of Industry, Energy and Technology (IET) in his area.

Documentation Needed:

The applicant must submit:

the application form,
a business plan and project summary & Benefits,
financial statements for the current and previous two to five years of operation including notes to the financial statements and the most recent interim statements. If a proprietorship, include recent and previous two to five years personal income tax returns including CRA T2125 form and Notice of Assessment, if an existing business,
a copy of the Articles of Incorporation,
a Personal Net Worth Statement for all shareholders and key management personnel (loans/equity investments only),
a Cash Flow Statement and pro forma statements for the next two to five years including Balance Sheet and Income Statement with detailed assumptions supporting revenue forecasts, if an existing business,
Income Statement and Opening Balance Sheet, a Cash Flow Statement and pro forma statements for the next two years including Balance Sheet and Income Statement with detailed assumptions supporting revenue forecasts, if a new business,
any supplementary information that may be relevant to his operation.

For larger, more complex projects a more detailed Business Plan, a Feasibility Study and/or Market Study may be required.

Program Contact:

Business Investment Program

Application for Assistance

Investment Attraction Fund

Amount:

No Fixed Amount

Type of Program:

Investment, Loan

Description:

The Investment Attraction Fund provides customized financial assistance to inward investors in support of establishing a business in the province or expanding a business as a result of foreign direct investment (FDI). The Fund consists of an allocation for loans and advances towards strategic investments in infrastructure support costs, human resource costs or other costs, as determined by the Department of Industry, Energy and Technology.

Comments on Funding:

For the purpose of this Fund, inward investment includes investments in start-up or expansion activated by investors external to the province. The investment may be in the form of equity or loans.

Inward investments require a direct contribution of funds by the inward investor in addition to any potential funding that may be sourced from the Government of Canada, commercial lending institutions and/or venture capital firms.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be a duly registered company or commit to taking the necessary steps to become a registered company under the Newfoundland and Labrador Corporations Act and/or the Canada Business Corporations Act and legally entitled to conduct business in the Province,
have or commit to have operations situated in the Province,
be in good standing with the Province,
create employment,
have the potential to bring economic benefit to the Province considering funding provided to the investor from all provincial government sources.

Application Steps:

To apply, applicants should contact the Investment Attraction Division of the Department of Industry, Energy and Technology.

Documentation Needed:

Applicants must submit:

a proposal for funding,
a detailed business plan including the following information: business overview, ownership and management plan, human resources plan, manufacturing and/or operations plan, marketing and promotional plan, capital plan, and, financial plan,
additional information, if requested.

Program Contact:

Investment Attraction Fund

Equity Investment Program (EIP)

Amount:

No Fixed Amount

Type of Program:

Investment

Description:

The Equity Investment Program (EIP) provides production assistance in the form of Equity Investment to eligible producers for the financing of productions.

Comments on Funding:

Funding is a maximum contribution of 20% of the overall costs of the project. The NLFDC’s investment is recoupable.

Equity investment will normally be subject to the following maximums:

$250,000 for dramatic series and for theatrical feature film, television feature length move (MOW),
$150,000 for documentary (single or series), children’s, other.

When It Ends:

Ongoing

Deadline:

Next deadlines to be determined

Eligibility:

The applicant must:

be incorporated Newfoundland and Labrador film and video production companies,
demonstrate that their primary focus is on the development, production and distribution of film and video products,
be at least 51% owned by a resident or residents of Newfoundland and Labrador (a person who has maintained a principal residence in Newfoundland and Labrador for at least 12 consecutive months immediately prior to the date of application to a funding program).

Application Steps:

submit an application form,

wait for the project to be assessed and to receive a notification of NLFDC decision.

Documentation Needed:

Applicant must submit:

1
a completed application form,
2
Certification and Articles of Incorporation,
3
shareholder information,
4
financial statements,
5
a Project synopsis,
6
Project intentions,
7
Shooting schedule,
8
Production staff and area of residence,
9
Treatment, outline, or screenplay,
10
Original literary property,
11
Original literary property agreement,

12
Writing agreement(s),
13
Broadcast license and/or distribution agreement,
14
Marketing and distribution plan,
15
Letters of commitment,
16
Detailed production budget,
17
Final script,
18
Cast and crew listing,
19
Principal performers listing,
20
the Key components of the project,
21
detailed production budget,
22
Recoupment schedule.

Program Contact:

Equity - Newfoundland & Labrador Film Development Corporation

Dev-Eq-form.doc

Nova Scotia First Fund

Amount:

No Fixed Amount

Type of Program:

Investment

Description:

The Nova Scotia First Fund provides financing for emerging venture-grade technology companies with high growth potential and attractive risk-return prospects. Target industries include information technology, life sciences, clean technology and ocean technology.

Comments on Funding:

The fund co-invests with institutional, private sector and angel investors from across Canada and beyond.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicant must be:

early stage companies,
emerging venture-grade technology companies with high growth potential and attractive risk-return prospects,
located in Nova Scotia.

Application Steps:

The applicant must:

present the founders of the company and the investment opportunity to Innovacorp's investment team;

if selected, present a pitch to Innovacorp investment team for the opportunity to have the deal recommended for further approval;

if selected, deliver a pitch to Innovacorp's investment committee;

if approved, sign the closing documents.

Documentation Needed:

No specific documentation has been identified.

Program Contact:

Investment | Innovacorp

Innovacorp Early Stage Venture Capital: Investment Process

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