Business Scale-up and Productivity (BSP) Stream- Northern Ontario

Overview of the Business Scale-up and Productivity (BSP) Stream- Northern Ontario program:

The Business Scale-up and Productivity (BSP) Stream aims to accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become competitive in both domestic and global markets. Through this program, FedNor seeks to: Assist Northern Ontario firms to scale up and expand. Support technology demonstration and the commercialization of new technologies. Encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity. Increase businesses' capacity to grow through market diversification and entry into domestic and global markets.

Benefits of the Business Scale-up and Productivity (BSP) Stream- Northern Ontario program:

• FedNor may cover the following costs:
  • Project-specific cost of labour (e.g., wages and benefits) and of material used;
  • Capital costs: purchase of machinery, equipment and infrastructure;
  • Operating costs that are incremental, measurable and directly related to the project;
  • Consultancy fees (e.g. professional, advisory and technical services);
  • Advisory expenses (e.g., planning, business information, counselling advisory services; coaching, mentoring or networking events; workshops or conference fees; fees associated with participation in business training through a business service organization);
  • Costs related to intellectual property;
  • Preproduction (e.g., technological development and commercial demonstrations);
  • Commercialization costs;
  • Costs related to expanding or maintaining markets;
  • Subcontracting costs;
  • Production and distribution of promotional material and management tools;
  • Anticipated cost of maintaining the useful life of an asset for a reasonable period; and,
  • Production of management tools.

Eligibility criteria of the Business Scale-up and Productivity (BSP) Stream- Northern Ontario program:

• I. Eligible Applicants
• Businesses: including an individual operating a business, partnerships, social enterprises, incorporated companies, corporations or co-operatives, or an Indigenous (First Nation/Metis/Inuit) Settlement owned businesses, and all other types of enterprises.
• Not-for-profit organizations: that provide services to businesses to support different stages of development to accelerate growth, enhance and assist scale-up (productivity enhancement, technology adoption, demonstration, etc.) or market expansion (e.g., sector based business-groups or associations, regional export promotion organizations, etc.).