The Business of the Environment.

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Finance & Funding Support

Finance & Funding Support

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.
  • 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
  • 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).

Grants and Contributions

  • 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.
  • 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.
  • 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.

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.

Other Supports

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Expired Funding Opportunities

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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.
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