Business grants and funding in Newfoundland and Labrador
Programs specific to Newfoundland and Labrador, then federal programs open to Canadian businesses.
Newfoundland and Labrador programs
Regional Artificial Intelligence Initiative in Atlantic Canada
Atlantic small and medium businesses can submit an expression of interest for repayable funding to adopt or deploy AI.
Business Development Program
Atlantic entrepreneurs can get interest-free funding to start, modernize or grow a business.
Scientific Research and Experimental Development Tax Credit
Individuals, corporations and partners doing qualifying research in the province can claim a refundable credit.
Business Investment Program
Small and medium enterprises in strategic sectors can apply for a repayable provincial term loan.
Job Accelerator and Growth Program
Companies creating many well-paid new jobs can earn a non-repayable annual payroll rebate for three years.
Federal programs
Scientific Research and Experimental Development (SR&ED) tax incentives
Businesses doing eligible research and development in Canada can earn an investment tax credit, claimed with their income tax return.
NRC Industrial Research Assistance Program (IRAP) financial support
Technology-driven small and medium businesses can get project funding and advisor support to research, develop and commercialize products and services.
Canada Small Business Financing Program
Small businesses and start-ups can borrow through their own financial institution under a federally registered loan program.
BDC Small Business Loan
Established, profitable Canadian businesses can apply online for a term loan from the federal development bank.
Futurpreneur Startup Program
Young founders who are citizens or permanent residents can get startup loan financing to launch a new business.
Women Entrepreneurship Loan Fund
Women entrepreneurs can borrow from delivery organizations to start or grow a business.
Innovative Solutions Canada
Small businesses can compete on government-set challenges to build prototypes, or have the government buy an innovation to test it in real settings.
Student Work Placement Program
Employers can get a wage subsidy for offering work placements to post-secondary students.