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…
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….
Amount:No Fixed Amount Type of Program:Loan Description:The Information Technology Financing Assistance provides term financing for purchasing capital assets and operating capital for the business’s accounts receivable and inventory. The assistance can take the form of:1intermediate term loans for purchasing capital assets,2operating lines of credit for purchasing inventory (based mainly on purchase orders and/or signed contracts/agreements)…
Amount:$25,000 Type of Program:Grants Description:Capital Acquisition Assistance supports Prince Edward Island businesses investing in technology, equipment, and infrastructure needed to grow their business and increase capacity and competitiveness.Comments on Funding:The program provides up to 25 per cent of the eligible costs to a maximum of $25,000 assistance. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:The applicant must: be…
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Enriched Investment Tax Credit adds to the existing PEI Investment Tax Credit of 10%. It is applied to certain capital investments by manufacturing and processing companies. An enriched tax rebate for an additional 25% tax credit will be available for manufacturing and processing companies that invest in…
