Business Scale-up and Productivity (BSP) in the Prairie provinces – Canada.ca

The stronger you are, the better Canada is. Let’s build a stronger Prairies economy together!

Here is what we can do to help:

  • We invest in your projects that create a stronger, inclusive economy on the Prairies.
  • We connect you with other key players to create mutually beneficial business relationships.
  • We can help pathfind your project to other sources of funding and expertise to help grow your business and get your products or services to market.

Are you a high growth business* that is scaling up and producing innovative goods, services or technologies? Are you all about inclusivity and building a stronger Canada? Do you need more resources to accelerate your growth goals?

Prairies Economic Development Canada (PrairiesCan) is accepting expression of interests for Business Scale-up and Productivity (BSP) on an ongoing basis. For information on how to apply, please contact 1 of our local offices.

For information on other available business support, please visit our website as well as Innovation Canada.

BSP advances PrairiesCan’s strategic priorities. It supports high-growth* businesses that are seeking to improve productivity, scale-up and commercialize technology. It offers interest-free, repayable funding to incorporated businesses.

*Definition of a “high-growth business”

A high growth business can be defined as any for-profit company that has notable and/or consistent revenue increases year over year. Typically, this means an increase of at least 20% year over year.

Here are examples of a high-growth business:

Example 1:

ABC is an innovative Canadian medical devices firm. ABC is a relatively young company operating in North America and would like to expand its product into new markets like Europe and Asia. ABC has generated significant sales growth (such as 26% year-over-year). ABC has profitable reinvestment opportunities and, rather than paying dividends to shareholders, decides to reinvest earnings back into the firm to capitalize on its investment opportunities in order to maintain this high sales growth.

Example 2:

XYZ is an innovative Canadian digital software developer. XYZ is a young company operating in Canada and the USA but would like to introduce its new software, which is in the late stage of development, in order to grow and diversify existing Canadian and American markets. XYZ has generated significant sales growth (such as 22% year over year). XYZ has recently received a round of investments that will assist with its growth.

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Eligibility

The BSP program is open to incorporated high-growth businesses that have been operating in the Prairie Provinces for a minimum of 2 years. Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees (FTEs).

Businesses must meet the following mandatory criteria:

  • high-growth business that is scaling up and producing innovative goods, services or technologies
  • incorporated in Canada
  • have been in business for at least 2 years in Canada
  • have staffed operating facilities in the Prairie provinces
  • have confirmed, at the time of expression of interest submission, funding from all other sources, including government and non-government
  • non-government funding must represent at least 50% of the proposed project costs
  • be a high-growth business looking to support or accelerate growth through the following activities:
    • Productivity improvement, which includes:
      • acquiring, adapting,and adopting new technologies and processes
      • process re-engineering
      • improving manufacturing capacity
    • Business scale-up, which includes:
      • developing or expanding markets
      • adopting best management practices, processes and systems
      • developing business opportunities
    • Technology commercialization, which includes:
      • growing and diversifying markets through late stage product development
      • technology showcasing and demonstration (Technology Readiness Levels 7-9 as defined by Innovation, Science and Economic Development Canada)
  • maximum project duration of 3 years, focused on 1 or more of the following areas:
    • Advanced manufacturing. This is defined by developing and adopting innovative technologies to:
      • create new products
      • enhance processes
      • establish more efficient and cost-effective ways of working
    • Clean resources. This refers to transitioning from the old resource economy into a new resource economy. It is where innovation drives economic and environmental competitiveness in the energy, mining and forestry sectors. It leverages Canada's natural resources advantage to transition to a low-carbon economy.
    • Clean technology. This refers to any process, product or service that reduces environmental harm in order to:
      • control costs
      • meet new regulations
      • improve global competitiveness
      • reduce harm to climate, water, land and air
    • Digital industries. This includes:
      • information and communication technology (ICT)
      • digital and interactive media
      • content industries
    • Health/bio-sciences. This includes a wide range of companies, such as:
      • pharmaceutical developers and makers
      • medical devices and biomedical innovators
      • digital health solutions producers
      • precision health
      • disruptive technologies, such as:
        • artificial intelligence (AI)
        • big data analytics
        • 3-D printing
        • robotics
        • nanotechnologies
    • Natural resources value-added processing. This includes processing natural resources in the energy, mineral or forestry sectors. This adds value to the raw materials.
    • Value-added agriculture. This is a complex and interdependent sector that includes agriculture, fisheries and aquaculture. It also includes food and beverages processing.

Note that preference will be given to proposals with a demonstrated focus on:

  • Food and ingredients processing includes businesses producing plant-based food and ingredients
  • Zero emission heavy equipment vehicles includes manufacturers of urban and intercity buses, fire trucks, motorhomes, recreational vehicles, trailers, mobile agricultural, construction and mining equipment, and their associated suppliers. Related technologies include battery electric and hydrogen fuel cell drives, electrification of ancillary systems, material light weighting and others.
  • Critical minerals processing includes companies and service providers that process or create value added materials and/or products from critical minerals such as advanced batteries, permanent magnets, solar panels, wind turbines, small modular reactors, defence and security technologies, semiconductors and consumer electronics.