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Finance & Funding Support

Finance & Funding Support

There are a variety of public and private funding opportunities available in Newfoundland & Labrador to assist firms providing clean technology products and services in their pursuit of growth, and to support the activities and projects of businesses working within the green economy.

Below you will find the latest opportunities, as well as a list of known supports. If you need help figuring out which support is most appropriate to meet your firm’s needs, contact us.

Have we missed something? Contact us and let us know.

Current Funding Opportunities

Available Funding Programs

Provincial Government Programs

  • Business Investment Fund
    Supporting commercialization with respect to applied research opportunities, investment in business infrastructure, market, product and workforce development – components critical to improving overall competitiveness, productivity, innovation and ensuring strong, sustainable regions.
  • Economic Diversification and Growth Enterprises (EDGE)
    Providing incentives to encourage significant new business investment in the province to help diversify the economy and stimulate new private sector job creation, particularly in rural areas.
  • Canada – Newfoundland and Labrador Job Grant
    Provides financial assistance to private and non-profit employers to offset the costs of providing training to new or current employees. Employers can access up to $10,000 in government support per trainee.

Federal Government Programs

  • Business Development Program – BDP (ACOA)
    Designed to help you set up, expand or modernize your business. Focusing on small and medium-sized enterprises, the BDP provides access to capital in the form of interest-free, unsecured, repayable contributions.
  • Atlantic Innovation Fund – AIF (ACOA)
    For businesses, universities, colleges or research institutions looking to further develop an innovative product so it can be marketed; develop or apply improved technology for your business, or;
    bring a research idea from the lab to the marketplace.
  • Canada-Atlantic Provinces Agreement on International Business Development – IBDA (ACOA)
    Strives to increase international business activities in Atlantic Canada by funding projects designed to help small and medium-sized companies explore, enter and succeed in international markets.
  • Build in Canada Innovation Program – BCIP (PWSGC)
    Helping kickstart businesses and get their innovative products and services from the lab to the marketplace.
  • Green Infrastructure Fund
    This program specifically targets projects that will improve the quality of the environment and lead to a more sustainable economy over the long term – provided on a cost-shared basis to provinces, territories, local or regional governments, public sector bodies, and other eligible non-profit organizations and private sector companies, either alone or in partnership with a province, territory or a government body.
  • Digital Technology Adoption Pilot Program – DTAPP (NRC)
    Increasing the productivity growth of small- and medium-sized enterprises (SMEs) in Canada across all sectors through the adoption of digital technologies.
  • Networks of Centres of Excellence of Canada Competitions
    Scheduled as funding becomes available, and are tailored to respond to Canada’s current research and innovation needs, in keeping with the mandate of each program.

Research Development Corporation (RDC) Programs

  • R&D Vouchers
    Facilitating business access to local, national and international scientific/technical equipment, expertise and research facilities.
  • R&D Proof of Concept
    Increasing technical capacity and reduces the financial risk of performing research and development (R&D) activities through to proof of concept.
  • Petroleum R&D Accelerator
    Strengthening Newfoundland and Labrador’s capacity as a research and development (R&D) performer in support of petroleum exploration, development and operations.
  • GeoEXPLORE (2011-13)
    Enhancing geoscience research and development (R&D) capacity, collaboration and industry innovation in support of mineral and petroleum exploration and development in Newfoundland and Labrador.
  • ArcticTECH (2012-14)
    Enhancing research and development (R&D) capacity, collaboration and industry innovation in support of Arctic technology development.

International Business / Exporting Programs

Innovation Supports / Funding

Other Programs

  • Canada Business Grants & Financing Database
    A comprehensive and searchable database of known grants and financing options for entrepreneurs.
  • Natural Sciences and Engineering Research Council of Canada (NSERC) Partnership Programs
    Research Partnerships Programs foster collaborations between university researchers, colleges and other sectors (including government and industry) in order to develop new knowledge and expertise, and transfer it to Canadian-based organizations.
  • CBDC General Business Loan
    Designed to assist entrepreneurs to obtain financing for their business, when traditional avenues of financing are not available. It can be used for key events in the business life cycle such as business creation, purchase, and business succession planning.
  • CBDC Innovation Loan
    Used to finance any costs of the purchase of equipment, software, processes, licenses, and other items that are clearly identifiable as “new” technology that will enhance the business.
  • Solid Waste Management Innovation Fund
    Providing financial support for green innovators who are finding creative ways to make waste reduction products and services useful in Newfoundland and Labrador.
  • Sustainable Development Technology Canada Tech Fund (SDTC)
    Supporting clean-technology projects through the critical stages — without taking an equity stake, without requiring ownership of intellectual property or any repayment of funds.
  • Pelorus Venture Capital Limited
    A Venture Capital Fund manager focused on Atlantic Canada, currently managing Venture Newfoundland and Labrador LP that invests in seed stage companies.
  • BRIC Advisory
    A leading arranger of development bank loans for private sector, middle market borrowers in emerging markets, including energy, agribusiness, infrastructure, sustainable tourism, and manufacturing and industrial.
  • Killick Capital
    An Atlantic Canadian Private Equity firm, dedicated to partnering with Atlantic Canadian businesses and Global Aerospace businesses. Killick’s focus is to identify and fund investments with the potential for substantial growth, long-term value creation and capital appreciation.
  • EcoAction Community Funding Program
    Encourages action focused projects that will protect, rehabilitate or enhance the natural environment, and build the capacity of communities to sustain these activities into the future. The Program supports projects that address the following four themes: clean air, clean water, climate change, and nature.
  • The Funding Portal
    The Funding Portal Inc. is a Canadian private venture corporation that provides an expert funding service for business, executives, chief financial officers, entrepreneurs, venture capitalists, non-profits and universities to search and access Canada’s $24-billion government funding and private financing marketplace.
  • Walmart – Evergreen Green Grants
    Funding community-based initiatives across Canada.
  • Project Orange Thumb Grant
    Your organization could receive $5,000 in cash and garden tools to help you reach your goals of neighborhood beautification through a community gardening initiative.

Employment & Research Programs / Incentives

  • Career Focus (Service Canada)
    Provides funding for employers and organizations to create career-related work experiences for post-secondary graduates, at the local, regional, and national levels. The program aims to help post-secondary graduates gain advanced employability skills and facilitate their transition into the labour market.
  • Workplace Skills Enhancement Program
    Helps businesses in strategic sectors train employees to improve productivity and/or global competitiveness.
  • JobsNL Wage Subsidy Program (Gov NL)
    Designed to bring employers and employees together by providing funding to employers to create employment opportunities. The program supports employer/employee connections that promote sustainable long-term employment or seasonal employment.
  • Career Start
    A WAGE SUBSIDY program designed to assist post-secondary graduates (15 to 30 years of age), transition from post-secondary education into high-demand career occupations. Employers receive financial incentives to offset training costs, and are encouraged to consider hiring inexperienced youth to fill vacant positions.
  • Industrial Undergraduate Student Research Awards (IUSRA)
    Small and medium-sized companies in Atlantic Canada that hire undergraduate science and engineering students for a 12- to 16-week research project may be reimbursed up to $6,500 per student (up to $4,500 from NSERC and $2,000 from NRC-IRAP).
  • Labour Market Partnerships (Gov NL)
    Provides funding to support employers, employer or employee associations, community groups and communities in developing and implementing labour market strategies and activities for dealing with labour force adjustments and meeting human resource requirements. Labour Market Partnerships may be used to provide assistance for employed persons who are facing loss of employment.
  • Mitacs-Accelerate Internship
    During a Mitacs-Accelerate internship, a highly-skilled graduate student or post-doctoral fellow spends approximately half of his or her time onsite with the company – collecting data, interacting with staff and gaining a thorough understanding of the research challenge; the balance of the intern’s time is spent at the university, developing innovative approaches to solve the challenge.
  • Industrial R&D Fellowships (RDC)
    Enabling businesses to enhance their research and development (R&D) capacity by providing financial support to recent doctoral (PhD) graduates in science and engineering to pursue R&D careers in the private sector.
  • Graduate Transition to Employment Program (GTEP)
    GTEP is an incentive for employers in Newfoundland and Labrador to hire Memorial University graduates. The GTEP provides $12,500 of the starting salary of an approved position for a period of 52 weeks. As well, a $500 stipend is available for the graduate for professional development or training.
  • ECO Canada Internships and Wage Subsidies
    This internship program provides environmental employers with a wage-subsidy of up to $12,000 to connect new graduates with environment industry employment.
  • Conservation Corps NL Internship Program
    Providing local environmental and cultural heritage conservation placements each season.
  • High Demand Youth Internship Program (YMCA)
    Giving professionals the chance to help a young person build skills, develop confidence and benefit from the guidance and support of a mentor.
  • AXIS Career Services – Internship Placement Program
    The Internship Placement Program (IPP) provides an opportunity for employers to sponsor job-ready newcomers in a 12 week paid placement. Designed to accelerate labour market attachment, internships give clients an opportunity to showcase their skills and abilities, and obtain professional Canadian experience in a monitored work environment.
  • Apprenticeship Job Creation Tax Credit – AJCTC (CRA)
    A non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices. If your business hires an “eligible apprentice”, you qualify to claim the credit.

What is clean technology? What does it mean for Newfoundland and Labrador?


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