Newfoundland Small Business Start Up Grants (2023): Current List of Programs
If you’re looking for a complete list of current Newfoundland start up business grants, you’re in the right place!On this page you’ll find an up-to-date list of startup grants for businesses in Newfoundland and Labrador.
Start Up Business Grants in Newfoundland – Current Programs
Not only Newfoundland business grants, you’ll also find below loans, tax credits, and more.
Click on one (or more) of the blue buttons to filter the list. And to get detailed information about each funding programs, just click “Read More” below each excerpt:
All Grant Loan Loan Guarantee Tax Credit Subsidy In-Kind Support 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
Aquaculture Working Capital Loan Guarantee Program
This program is currently closed. Amount: No Fixed Amount Type of Program: Loan Guarantee Description: The Aquaculture Working Capital Loan Guarantee Program is designed to facilitate improved access to financing for incorporated enterprises operating in or proposing to operate in the finfish industry. When It Ends: Closed Deadline: Rolling deadline Eligibility: The applicant must: be
Business Tax Incentive
Amount: No Fixed Amount Type of Program: Tax Credit Description: The City of Corner Brook generous tax incentives to new businesses locating in the Lundrigan Business Park, Watson’s Pond, and Maple Valley Industrial Parks. Comments on Funding: Businesses that meet the requirements are entitled to the following incentives: 1100% exemption for the first year when
Direct Equity Tax Credit
Amount: $50,000 Type of Program: Tax Credit Description: The Direct Equity Tax Credit is designed to encourage private investment in new or expanding small businesses as a means of creating new jobs and diversifying the economy. An investment credit, in the form of a provincial income tax credit, is available to individuals and arm’s length
Economic Diversification and Growth Enterprise (EDGE) Program
Amount: No Fixed Amount Type of Program: Rebate Description: The Economic Diversification and Growth Enterprises (EDGE) Program provides incentives to encourage significant new business investment in the province to help diversify the economy and stimulate new private sector job creation, particularly in rural areas. The City of Corner Brook participates in the Provincial Economic Diversification
Economic Diversification and Growth Enterprises (EDGE)
Amount: No Fixed Amount Type of Program: Rebate Description: The Economic Diversification and Growth Enterprises (EDGE) Program provides incentives to encourage significant new business investment in the province to help diversify the economy and stimulate new private sector job creation, particularly in rural areas. Comments on Funding: The following incentives and benefits may apply: 1100%
Economic Diversification and Growth Enterprises Program (EDGE)
Amount: No Fixed Amount Type of Program: Rebate Description: Economic Diversification and Growth Enterprises Program (EDGE) is an incentive-based program that is available to local companies who want to expand their businesses, local entrepreneurs who are interested in new business start-ups, as well as national and international companies who wish to establish a new enterprise
Embryo Grants
Amount: $15,000 Type of Program: Grants Description: Embryo Grant, is a series of mid-sized grants ranging from $5,000 -15,000, in support of early-stage entrepreneurs and companies with the potential to translate into a sustainable enterprise. Comments on Funding: Funding is a grant ranging from 5,000 to 15,000. When It Ends: Ongoing Deadline: Rolling deadline Eligibility:
Entrepreneurial Opportunities Program (EOP)
Amount: $5,000.00 Type of Program: Grant, In-Kind Support, Loan Description: The Entrepreneurial Opportunities Program (EOP) provides up to $5,000 financial assistance, business plan guidance, business counselling and training to individuals in Newfoundland & Labrador who are receiving or eligible to receive Provincial Income Support. The Program assists individuals to become self-employed. Comments on Funding: Funding
Equity Loan
Amount: $100,000 Type of Program: Loans Description: CBDC NORTIP offers financial assistance to commercial entities wanting to start or expand a small business. CBDC NORTIP’s equity loans have a maximum limit of up to $100,000. Comments on Funding: Funding takes the form of equity loan of up to $100,000 or 10% of the cost of
Fail Tale Cup
Amount: $1,000 Type of Program: Competition Description: The Fail Tale Cup is a fund to support student entrepreneurs at Memorial University who have tested a business idea and failed. Comments on Funding: Funding is an award of $1,000. When It Ends: Ongoing Deadline: Next deadlines to be determined Eligibility: Applicants must be: students of the
Futurpreneur Start-Up Program and Loan
Amount: $45,000 Type of Program: In-Kind Support, Loan Description: For eligible entrepreneurs seeking additional financing to start their business, Metro Business Opportunities can facilitate a loan through their partner Futurpreneur. By starting out with MBO, its team can leverage an approved Impact loan into additional financing for your business. Futurpreneur fuels the entrepreneurial passions of
Ignite Fund
Amount: $2,000 Type of Program: Competition Description: The Ignite Fund invests in Memorial University students interested in advancing the growth of an innovative business idea. Comments on Funding: Funding is $2,000. When It Ends: Ongoing Deadline: Next deadlines to be determined Eligibility: The applicants must: be Memorial students or the team must be mainly comprised
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
James R. Pearcey Award for Entrepreneurship
Amount: $10,000 Type of Program: Competition Description: The James R. Pearcey Award for Entrepreneurship celebrates entrepreneurial spirit. Comments on Funding: Funding is an award of $10,000. When It Ends: Ongoing Deadline: Next deadlines to be determined Eligibility: The applicant must: be an undergraduate student in the Faculty of Business Administration in any academic year; be
Kick$tart
Amount: $10,000 Type of Program: Loans Description: Kick$tart is meant to foster future generations of entrepreneurs in Newfoundland and Labrador by providing low-interest business loans for youth. Comments on Funding: Funding is a loan of up to $10,000. When It Ends: Ongoing Deadline: Rolling deadline Eligibility: Applicants must be: business owners aged 35 and under;
KICK$TART & Drive
Amount: $15,000.00 Type of Program: Loan Description: KICK$TART & Drive Programs provide low-interest loans to entrepreneurs under the age of 35 in Newfoundland and Labrador who haven’t been able to get funding from other sources. Comments on Funding: Funding is a low-interest loan of up to $5,000 under the Kick$tart Program and a low-interest loan
Loan Guarantee
Amount: No Fixed Amount Type of Program: Loan Guarantee Description: CBDC NORTIP offers financial assistance to organizations wanting to start or expand a small business. Comments on Funding: Funding takes the form of loan guarantees, with the following criteria: The Corporation will only guarantee a chartered bank’s authorized line of credit, or overdraft protection to
Mel Woodward Cup
Amount: $25,000 Type of Program: Competition Description: The Mel Woodward Cup is a startup competition organized by the Memorial Centre for Entrepreneurship (MCE) and generously supported by members of the business community. The primary objective of this competition is to help accelerate the most innovative and high-potential student-led startups at Memorial University. Comments on Funding:
Mifflin Entrepreneurship Award
Amount: No Fixed Amount Type of Program: Grants Description: The Mifflin Entrepreneurship Award was designed to encourage and support entrepreneurship among students at Memorial University by providing seed funding at the early stages of business development. Comments on Funding: Funding will take the form of seed funding. When It Ends: Ongoing Deadline: Rolling deadline Eligibility:
Peter and Janet Gardiner Award for Small Business and Entrepreneurship
Amount: No Fixed Amount Type of Program: Competition Description: Peter and Janet Gardiner Award for Small Business and Entrepreneurship award will recognize student creativity, innovation and entrepreneurship as evidenced by a student’s genuine interest in small business and entrepreneurship through the establishment or the intention to establish a new venture. Comments on Funding: Funding will
Scaled Tax Program
Amount: No Fixed Amount Type of Program: Tax Credit Description: The Scaled Taxation Program provides new businesses with financial incentives to establish roots in Mount Pearl. Comments on Funding: Funding will be in the form of a 4-year scaled tax break based on the assessed business tax value of the proposed company. The city will
Self-Employment Assistance – Individuals
Amount: No Fixed Amount Type of Program: Grants Description: Self-Employment Assistance is an employment program that provides financial and entrepreneurial assistance to eligible individuals to help them create jobs for themselves by starting a business. The maximum duration of an agreement with a participant is 52 weeks, and 78 weeks for persons with a disability.
Spark Fund
Amount: $500 Type of Program: Grant, In-Kind Support Description: The Spark Fund is a fund for first-time student entrepreneurs at Memorial University. Comments on Funding: Funding is up to $500 to test the potential of the applicant’s idea. When It Ends: 7-May-23 Deadline: Rolling deadline Eligibility: The applicant must: be enrolled at Memorial University (in
Support
Amount: $5,000 Type of Program: Loan Description: The Support program provides assistance in the form of financing and skills development opportunities to registered non-profits in the cities of St. John’s and Mount Pearl to start or grow a Social Enterprise. By operating a Social Enterprise, an organization can generate funds for their programs, support their
Youth Ventures Program
Amount: N/A Type of Program: Entrepreneurship Program Description: The Youth Ventures Program is a sixteen (16) week Summer program designed to promote entrepreneurial awareness in the young people of Newfoundland and Labrador. The Program typically operates from May to August each year and it teaches young people about entrepreneurship and helps them to establish their
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