If you're a business owner in Canada, you may be wondering what kind of funding options are available to you. But hey, here's a little secret that many entrepreneurs tend to overlook—grants! Yep, you heard it right. Grants are like hidden gems of funding because they don't need to be repaid. They can be the missing puzzle piece, or scrabble letter, in helping you sustainably grow your business while keeping more capital in your pocket.
Skimming for the golden nuggets of advice?
Navigating the grant funding landscape can sometimes feel like wandering through a maze. It's enough to make your head spin! That's where experts like Stephanie Kriezman at Granted Consulting come in clutch. They can guide you through the grant-seeking process and help you conquer those funding hurdles. Keep in mind, when you're engaging with professionals to help you, a fee may apply, and the returns are worth it. Alternatively, you are always welcome to navigate government websites and submit applications for grants on your own: it's the classic trade-off of time or money.
Now, you might be wondering, "Am I even eligible for grants?" Well, my friend, the answer depends on the specific grant program. Generally, your organization should have been up and running for at least two years. It's also essential to have a clear understanding of your purpose, how you plan to use the funding, and the ability to write killer proposals and report on outcomes.
Granted Consulting breaks it down in their webinar featuring information on cleantech grants.
At Sustainable Product Sales (SPS), we believe in breaking down barriers and making our services as accessible as possible. That's why we got certified as Digital Maturity Specialists. Not only that, we offer discounted services to folks identifying as BIPOC, women and if you're just starting out and share our mission, we've got you covered too. Visit our grant-funded services page or get in touch with us for a free consultation; we will work to remove financial barriers preventing you from accessing our services.
Now, let's talk about what you can actually get grants for. Brace yourself—there's a whole world of possibilities! Whether you're a startup, clean tech innovator, non-profit organization, or even an artistic soul, grant funding can be your ticket to success. As Digital Specialists, we have an ace up our sleeves—the Canadian Digital Adoption Program (CDAP). This grant is specifically tailored for a digital assessment of your business. By connecting our clients with CDAP funding, we can provide an astonishing 90% discount on 75% of our core service offering that helps our clients get clear on where they are at and what to do next to achieve their revenue goals.
The assessment process takes around three to six weeks. And trust me, the outcomes are worth the wait. You'll receive a prioritized business improvement roadmap including digital solutions designed to boost your revenue, enhance efficiency, reduce operational costs, and manage risks as your business grows.
Think of investing the time, upfront cost and energy into grants or grant-funded services like adding a monetary building block to your growth strategy.
At SPS, we always consider the sustainability perspective - it's what makes us different compared to other business consultants and it's the way of the future for all businesses. We dig deep into how your operations are currently functioning and make tailored recommendations to help you become more efficient, generate more revenue, improve stakeholder communication, and unlock sustainability opportunities. And hey, here's an extra perk—once your assessment is complete, you automatically qualify for an interest-free loan of up to $100k and a hiring subsidy to implement the recommendations that came out of the assessment.
Want to know where your business stands and if our grant-funded services can help you? Take this quiz and we will let you know how you're doing in the four key areas of business improvement: capabilities, digital maturity, technology and sustainability.
What about non-digital-focused grants? As a quick win, one of the first ones you should keep your eye on as a Canadian business is a hiring grant. Get in touch with the folks at Granted Consulting to learn more.
Here are a few other places to look to get started with grants:
Use our contact form to let us know what your experience has been like with grants or if you're ready to take advantage of the CDAP program! We are here to help.
Remember, grants aren't just a myth—they're your ticket to sustainable growth!