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Business Investment Fund – Business Development Support Program

Amount:$100,000 Type of Program:Grants Description:The Business Development Support Program assists Newfoundland and Labrador SMEs with opportunities to increase their productivity and improve their competitiveness. Funding is available for productivity improvements, knowledge development, market development and/or professional technical advice.Comments on Funding:Funding is in the form of a non-repayable contribution(s) to a maximum amount of $100,000 per…

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Tourism Market Readiness Subsidy Program

Amount:$2,500 Type of Program:Subsidy Description:The Market Readiness Subsidy Program assists tourism stakeholders in enhancing the quality and market readiness of their tourism services, businesses and products. There are three eligible programs:1Best Practice Missions supports missions to other destinations designed to expose operators to successful development and marketing models. Primarily offered by Tourism Atlantic;2Gros Morne Institute…

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Fisheries Loan Guarantee Program

Amount:$3,000,000 Type of Program:Loan Guarantee Description:The Fisheries Loan Guarantee Program supports the development of the province’s independent fish harvesting industry by providing a government guarantee on loans through local chartered banks for the construction or purchase of marine vessels and/or to purchase new engines and fishing equipment for the improvement, rebuilding or alteration of existing…

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Innovation and Business Development Fund (IBDF)

Amount:No Fixed Amount Type of Program:Grants Description:The Innovation and Business Development Fund is focused on investments to grow and diversify Newfoundland and Labrador’s oil and gas supply and service capabilities. The fund provides funding to commercial and non-commercial applicants for business development, emerging technologies and industry diversification. The fund supports The Way Forward on Oil…

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Junior Exploration Assistance Program

Amount:$225,000.00 Type of Program:Grants Description:The Junior Exploration Assistance (JEA) Program aims to grow the mineral inventory of the Province through the discovery of new mineral districts, occurrences, prospects, and deposits. The JEA Program also aims to advance mineral discoveries through the stages of defining National Instrument (NI) 43-101 compliant mineral resources, and to enhance Newfoundland…