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Finance & Funding Support

Finance & Funding Support

Below is a list of funding and support programs particularly relevant to clean technology development and adoption, and for firms operating in the green economy. This list is always evolving, and we encourage you to contact NEIA staff to find out more and to get help figuring out what mechanism could help address your need or support your initiatve. Have we missed a listing? Please let us know.

Available Funding Programs

Project Financing (Repayable)

  • Business Development Program (BDP)
    Atlantic Canada Opportunities Agency (ACOA)
    ACOA is federally mandated to support the development and adoption of clean technology. Its BDP programming can be used to: start-up; expand and modernize; develop and commercialize products or services; or improve competitiveness. Loans are interest-free, and can cover up to 75% of eligible costs up to a maximum of $500,000.
  • Business Investment Program
    Department of Department of Tourism, Culture, Industry and Innovation (TCII)
    Provides term loans and equity investments to small and medium-sized enterprises (SMEs) in strategic growth sectors as identified by TCII. The fund is also available to businesses which have export potential and require assistance to enter or expand in external markets. Funds are provided to complement funding from conventional sources, where a need has been demonstrated, and are also intended to increase the capital base of businesses allowing them to leverage new private-sector investments. Repayable term loans to a maximum amount of $500,000 per government fiscal year at the department’s base rate of three per cent.
  • Atlantic Innovation Fund (AIF)
    Atlantic Canada Opportunities Agency (ACOA)
    ACOA is federally mandated to support the development and adoption of clean technology. Its AIF programming encourages partnerships among firms, universities, colleges and other research institutions to develop and commercialize new or improved products and services – with a focus on innovation. The fund can cover up to 75% of eligible costs, and is applicable for projects in the $500k – $3 million range.
  • Clean Technology Initiative
    Community Business Development Corporations (CBDCs)
    The CBDCs offer financing to new and existing entrepreneurs (located in an area serviced by a CBDC) for the purpose of advancing the adoption, adaptation and/or commercialization of clean technology. Loans can be up to $150,000 (more in some circumstances) over 1-10 years. The Clean Technology Advisory Services component allows SMEs and social enterprises to hire professional outside expertise to assist them in identifying opportunities and/or challenges related to clean technologies, financing up to $5,000 or at 90% of costs
  • Business Development Bank of Canada
    Making available both new equity and debt financing to help promising clean technology firms grow and invest in assets, inventory, talent and market expansion.
  • International Business Financing
    Export Development Canada (EDC)
    EDC is federally mandated to support clean technology firms. EDC can provide growth and working capital financing (e.g. direct loans, bank loans for early-stage projects and loan guarantees, bonding and foreign exchange guarantees, project financing, etc) and risk protection (e.g. credit insurance, political risk insurance, market knowledge and global contacts, economic and market information, trade connections, etc).
  • Electric Vehicle and Alternative Fuel Infrastructure Deployment Initiative
    Natural Resources Canada (NRCan)
    Offers repayable contributions to support the construction of an electric vehicle (EV) fast charging, coast-to-coast, network. The funding also supports natural gas infrastructure along key freight corridors and hydrogen infrastructure in metropolitan centres. The program can fund up to 50% of a project up to a total of $50k.

Grants and Contributions

  • Low Carbon Economy Challenge
    Environment and Climate Change Canada
    Providing over $500 million to projects that directly reduce GHG emissions while supporting clean growth in sectors including (but not limited to) building energy efficiency and fuel switching; industrial; forestry; agriculture; waste; transportation; and/or electricity and/or energy production. Projects can be funded up to 50% and be no less than $1 million and no more than $50 million in size.
  • Agricultural Clean Technology Program
    Agriculture and Agri-Food Canada
    A $25-million, three-year investment (2018 – 2021) available to provinces for cost-shared project that aim to support the research, development and adoption of clean technologies through investments in, and promotion of precision agriculture and agri-based bioproducts.
  • SD Tech Fund
    Sustainable Development Technology Canada (SDTC)
    The SD Tech Fund supports projects that are pre-commercial and have the potential to demonstrate significant and quantifiable environmental and economic benefits in one or more of the following areas: climate change, clean air, clean water, and/or clean soil.The fund can cover up to 33% of eligible costs, with an average contribution of $2-4 million, dispersed over max. 5 year period. Private sector financing must comprise at least 25% of all eligible costs, with public/government funding not exceeding 75%.
  • Strategic Innovation Fund
    Innovation, Science and Economic Development Canada (ISED)
    The Strategic Innovation Fund allocates repayable and non-repayable contributions to firms of all sizes across all of Canada’s industrial and technology sectors. The program has a budget of $1.26 billion over five years. Applicants may submit applications for funding in one of four project streams: R&D and commercialization; firm expansion and growth; investment attraction and reinvestment; and collaborative technology development and demonstration.
  • Fisheries and Aquaculture Clean Technology Adoption Program
    Fisheries and Oceans Canada (DFO)
    Provides up to $20 million over four years to help Canada’s fisheries and aquaculture industries incorporate existing clean technologies into their day-to-day operations. Potential projects could include; helping fish harvesters convert their vessels to clean alternative fuels, and reducing energy use on aquaculture sites.
  • Business Efficiency Program
    TakeCharge!
    This program can help firms identify and pay for energy efficiency improvements within their facilities. Get up to $50,000 in rebates after investing in energy efficient upgrades in heating and cooling, refrigeration, lighting and controls, and more. Rebates are also available for reducing electricity demand, and individually available for a wide variety of energy efficiency products.
  • Energy Efficiency for Industry Financial Assistance
    Natural Resources Canada (NRCan)
    Financial assistance is available for up to 50% of eligible project costs to maximum of $40,000 to implement energy management projects, including CAN/CSA-ISO 50001 Energy Management Systems Standard pilots, and for two types of energy studies: Process Integration and Computational Fluid Dynamics. Eligible projects may include, but are not limited to, the following: development and dissemination of tools and information related to energy efficiency; development, organization and delivery of training; assessments, evaluations and benchmarking studies; and development of technical guides and reports, implementation roadmaps and best practices studies.
  • Business Development Support Program
    Department of Department of Tourism, Culture, Industry and Innovation (TCII)
    Assists Newfoundland and Labrador SMEs with opportunities to increase their productivity and improve their competitiveness. The program supports SMEs who demonstrate a desire to develop and grow by improving the operations of the business, investing in its people, and focusing on trade opportunities. TCII assistance will be targeted towards businesses in strategic sectors that normally focus on export markets and/or improve import substitution. Funding is available for productivity improvements, knowledge development, market development and/or professional technical advice. Non-repayable contribution(s) to a maximum amount of $100,000 per government fiscal year. The contribution level will be up to 50 per cent of eligible costs, with the business identifying their access to the remaining funding to complete the project(s).
  • Clean Energy for Rural and Remote Communities: Capacity Building Stream
    This program supports skill-building initiatives to reduce dependency on diesel in rural and remote communities. Proposals may cover one or more streams, including: curriculum and technical training; network development or support; youth and energy; women and energy; community energy planning or resource assessments; etc.
  • Clean Energy for Rural and Remote Communities: BioHeat, Demonstration & Deployment Program Streams
    This program is seeking proposals to reduce the reliance of rural and remote communities on diesel fuel for heat and power. The project must fit into one of the following streams: BioHeat to reduce fossil fuel use through the installation, retrofit or investigation into the feasibility of biomass heating or combined heat and power systems for community and/or industrial applications; Innovative demonstrations to reduce diesel use through the validation of novel renewable energy, energy efficiency, energy storage, and smart-grid technologies and applications; or deployment of renewable energy technologies for electricity including hydro, wind, solar, geothermal, and bioenergy. Heat may also be produced, but the primary purpose of the project must be electricity production.
  • Build in Canada Innovation Program (BCIP)
    BCIP facilitates the sale or testing of innovative products / services to the Government of Canada. It helps innovators: land a first major reference sale; sell their innovation, but keep the intellectual property; get their innovation tested in a real-life setting; and gain feedback to help get products to market faster. The program pays up to $500,000 for non-military innovations and targets innovations in 10 priority areas including many within the clean technology space.
  • Solid Waste Management Innovation Fund (SWMIF)
    Multi-Materials Stewardship Board (MMSB)
    The SWMIF provides financial support to innovators who are advancing sustainable waste management by finding creative ways to turn trash into treasure. It is a non‐repayable contribution covering up to 80% ($15k max) of the eligible costs of projects that support the implementation of the Provincial Waste Management Strategy in Newfoundland and Labrador: reduce the amount of waste created in the first place; reuse materials and products rather than discard them; recycle or reprocess waste into another useable form; recover some useful benefit from waste; and/or dispose of waste material that has no further economic or environmental benefit.
  • Waste Management Applied Research Fund
    The Harris Centre / Multi-Materials Stewardship Board (MMSB)
    This fund provides up to $15,000 per project per year to investigate waste management issues in NL. It is open to all faculty, staff, post-doctoral fellows and graduate students at Memorial University. The objectives of the fund are: to stimulate research in solid waste management issues; to incorporate community needs in research projects; to provide research evidence for public policy makers; to assist community groups in their local decision-making; to build a network of interested partners representing a diversity of sectors; and/or to make a difference in the lives of Newfoundland and Labrador people.
  • InnovateNL
    Department of Tourism, Culture, Industry and Innovation
    On July 20, the Government of Newfoundland and Labrador took the next step in its approach to fostering greater innovation and accelerating business growth with the creation of InnovateNL. InnovateNL, through the Department of Tourism, Culture, Industry and Innovation, is a single-window for the delivery of provincial innovation programs and services to clients in a seamless and more efficient manner. Currently InnovateNL offers the programming formerly provided through the Research and Development Corpoation (RDC), including non-commercial and commercial programs. More information coming.

Natural Environment

  • Atlantic Ecosystems Initiative
    Environment and Climate Change Canada
    This fund aims to improve the health, productivity and long-term sustainability of the ecosystems in Atlantic Canada. Projects must address water quality, climate change impacts, and/or habitat and biodiversity. Projects can obtain up to $250k for a maximum duration of 3 years.30% of project costs must be obtained from sources other than Government of Canada. Project activities cannot be limited to one single province and priority will be given to projects that take place in the coastal zone.
  • National Wetland Conservation Fund
    Environment and Climate Change Canada
    Funding is available to: restore degraded or lost wetlands on working and settled landscapes to achieve a net gain in wetland habitat area; enhance the ecological functions of existing degraded wetlands; scientifically assess and monitor wetland functions and ecological goods and services in order to further the above objectives to restore and/or enhance wetlands; and encourage the stewardship of Canada’s wetlands by industry and the stewardship and enjoyment of wetlands by the Canadian public. Typical funding ranges from $50,000 to $250,000, and must be matched 1:1 with non-federal sources.
  • Coastal Restoration Fund (CRF)
    Fisheries and Oceans Canada (DFO)
    This fund provides $75 million over 5 years to support projects that address threats to marine habitats and species located on Canada’s coasts and support the: establishment of coastal restoration plans; identification of restoration priorities; and/or implementation of coastal restoration projects. CRF will give preference to projects that: are multiyear (up to five years); include Indigenous partnersengage a broad number of partners; address federal or regional coastal restoration priorities; and are between $200,000 to $1,000,000 per year.
  • Habitat Stewardship Program (HSP)
    Environment and Climate Change Canada
    Funds for projects that conserve and protect species at risk and their habitats and help to preserve biodiversity as a whole. The Species at Risk (SAR) stream focuses on projects addressing the recovery of species at risk listed on Schedule 1 of the Species at Risk Act (SARA). The Prevention Stream focuses on projects addressing other species, beyond those listed on SARA to prevent them from becoming a conservation concern.Typical funding ranges from $10,000 to $100,000, and must be matched 1:1 with non-federal sources.

Communities

  • EcoAction Community Funding Program
    Environment and Climate Change Canada
    Funds to encourage Canadians to take action to address clean air, clean water, climate change and nature issues, and to build the capacity of communities to sustain these activities into the future. Projects must have measurable, positive environmental results and promote community participation. Projects can be local, regional, or national in scale amd can access up to $100k (matched equally with non-Federal sources) for a duration of 36 months.
  • Municipalities for Climate Innovation
    Federation of Canadian Municipalities
    Provides funding, training and resources to help municipalities adapt to the impacts of climate change and reduce greenhouse gas (GHG) emissions. The type of initiatives the program supports include: the assessment of the vulnerability to flooding of buildings in a neighbourhood; ways to reduce GHG emissions from waste collection trucks by optimizing routes and reducing the frequency of garbage and recycling pick-up; plans to encourage residents to use less polluting forms of transportation by encouraging cycling, walking and transit; the impact of a municipal policy change, such as a no-idling policy; etc. The fund provides grants of up to $175,000 to develop plans and studies, or up to $1 million for municipalities to implement climate change initiatives. Funding is available for up to 80 per cent of costs, including supplement salaries for new or existing municipal staff to implement projects.
  • Green Municipal Fund
    Federation of Canadian Municipalities
    This fund provides funding and knowledge services to support sustainable community development. Projects must focuses on one of the following areas: sustainable neighbourhood and brownfields action plans; energy efficiency and recovery; transportation and fuel efficiency; water quality and conservation; waste management and diversion; or brownfields. The fund finances: feasibility studies at 50% up to a max of $175,000; pilot projects at 50% up to a maximum of $350,000; or capital projects up to 80% with a maximum contribution of $5 million (15% grant, remainder a low-interest loan).
  • Smart Cities Challenge
    Infrastructure Canada
    This challenge encourages cities to adopt new and innovative approaches to city-building. A smart city uses technology and data to improve livability and opportunities for the city and its people. The fund will be disbursed in three separate rounds, each including one large prize of $50 million; two prizes of $10 million for mid-sized communities; one prize of $5 million for a small community; and one prize of $5 million available for an Indigenous community.
  • Innovative Communities Fund (ICF)
    Atlantic Canada Opportunities Agency (ACOA)
    The ICF focusses on investments leading to long-term employment and economic capacity building in rural communities, and urban initiatives that stimulate the competitiveness and vitality of rural communities. The fund helps capitalize on opportunities and strengths in communities, e.g.: developing competitive, productive, strategic industry sectors; strengthening community infrastructure in rural communities; and investing in in projects that enhance communities’ capacity to overcome economic development challenges and take advantage of their strengths, assets and opportunities presented.
  • Community Waste Diversion Fund
    Multi-Materials Stewardship Board
    This fund provides financial support to communities across NL that are finding new ways to reduce, reuse or recycle more waste. Municipalities and Local Service Districts may apply for a maximum $10,000 non-repayable contribution for initiatives that foster solid waste diversion.

Wage Subsidies

  • Wage Funding for Junior Professionals
    ECO Canada
    Funds employers who work in science, technology, engineering, mathematics (STEM) or natural resources for new full-time environmental jobs. The program will fund up to 50% of an intern’s salary (to a maximum of $15,000). Positions must be full-time, permanent and employee must be 30 years of age or younger, a Canadian citizen, permanent resident or have refugee status, and educated with a minimum 2-year diploma.
  • Career-Launcher Clean Tech Internships
    Colleges and Institutes Canada
    Funds for employers to hire an intern in a position related to the use or development of clean tech (or within a clean tech employer) in a science, technology, engineering or mathematics (STEM) field, including positions that are intended to help addressing climate change or environmental challenges. The program will fund up to 70% of the intern’s salary (to a maximum of $15,000) and be 6-12 months in duration. Employees must be 30 years of age or younger, be a Canadian citizen, permanent resident or have refugee status, and be a post-secondary graduate.
  • Clean Leadership Program
    Clean Foundation
    Funds to help recent graduates acquire work experience in STEM (science, technology, engineering, or mathematics) positions with an environmental focus. The program funds up to 50% of an intern’s salary (to a maximum of $15,000) and be 6-12 months in duration. Employees must be 30 years of age or younger, be a Canadian citizen, permanent resident or have refugee status, and be a recent graduate of a post-secondary program.
  • Career Connect
    Mitacs
    Funds for projects that aim to protect the environment, create positive environmental outcomes, or address an environmental or climate change-related challenge through science, technology, engineering or math (STEM) fields. Placements must be for 6-months and valued at $20,000 to $25,000 (subsidized at 50%). Employees must be between 15 and 30 years old, be a post-secondary graduate, and be legally entitled to work in Canada.
  • Science Horizons Youth Internship Program
    BioTalent Canada
    Funds for STEM internships in green manufacturing, carbon and climate change mitigation, energy efficiency and green building, green services, renewable/green energy, solar and wind technology, resource conservation, watershed and water resource management, environmental protection, waste management, alternative/sustainable transportation, sustainable planning/urban design, green retail, and eco-tourism. The program funds up to 50% of an intern’s salary (to a maximum of $15,000) and be 6-12 months in duration.
  • Youth-Green
    NRC-IRAP
    Up to $10,000 grants for 3-6 month placements for youth aged 15-30 years in positions aligning with green economy sectors or industries or that provide environmental benefit.

Other Supports

  • The Clean Growth Hub
    Government of Canada
    Whether you’re in the early stages of research, conducting technology demonstration or growing your business and exporting, the Clean Growth Hub can point you to the support that fits your needs.
  • Tax Savings for Industry
    Government of Canada
    Businesses that invest in clean energy projects, such as solar energy, wind energy and energy from waste, are eligible for business income tax incentives (accelerated capital cost allowance for certain capital costs of systems).

Expired Funding Opportunities

Limited-time programming that has come and gone since 2017:

Current Featured Funding Opportunities

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