New Business Grants for Innovation
Companies spend billions of dollars every year on research and development and many of these initiatives would be eligible for free government grants. Grants and tax credits can be used to offset the necessary costs of conducting research, expanding business and collaborating with strategic partners.
Once we learn about your business and projects, we will compile all of the eligible grants and take care of the full application process from start to finish.
We mainly work with companies with these characteristics:
- Have a unique product or service in Canada
- A product that is built from scratch and not on a pre-existing platform
- Have a product or service prototype that is ready to commercialize within a year
- Working with partners overseas who have a technology that you’d like to add to your product or service
Types of New Business
Grants for Innovative Companies
For many companies in Canada, new business grants are often being created to support commercialization in targeted sectors including:
Clean and sustainable technology
Natural resources and energy
Health and life sciences
Information and communications technology
To create more international opportunities and expand into new markets, it’s essential to have global partnerships with key players. There are often new business grants that promote Canadian companies’ global innovation efforts through collaborative international research and development.
Companies that are awarded these grants can use the funding to pay for eligible expenses including international travel, accomodation and legal fees to formalize the partnership agreements. If companies are executing innovative projects in Canada, new business grants at all levels of government also offset the costs of pre-commercialization research and development.
New Business Grants Specialists
As an innovative company in Canada, new business grants can be hard to keep up with and existing programs often change their criteria. Our team is always up to date with important funding changes and new grants. You never have to worry about missing another opportunity to get up to hundreds of thousands of dollars in free money.
We proactively prepare for new business grants that are announced in advance so the applications can be submitted as soon as the funding is available. Our clients appreciate getting their time back to focus on running their business by leveraging the expertise of our grant specialists.
If your company is receiving funding from multiple sources in Canada, new business grants may have some limits on how the money is used. We will verify all of the details before we start “grant stacking” so you don’t have to spend hours trying to make sense of all of the details.
Who We Serve
At Granted, we work with innovation companies that are seeking new business grants for innovation projects and meet the following criteria:
At least 5 full-time employees
Annual revenues of $500,000+
Established and registered with the city and province for at least 2 years
Planning to hire or train their full-time employees
Expanding their products/services outside of Canada
Connect With Us
We are happy to answer any questions you have and a team member at Granted will connect with you within 2 business days.
Please fill out the form below and we can assess your organization’s eligibility for new business grants for innovative companies.