Business Scale-up and Productivity (BSP) in British Columbia

Overview

The Business Scale-up and Productivity (BSP) program invests in high-growth businesses in B.C. that are scaling and developing innovative goods, services or technologies. It focuses on both established and emerging sectors to enhance B.C.'s leadership in priority areas.

Program objectives

The Business Scale-up and Productivity program supports and accelerates growth through the following activities:

• Business scale-up: increase capacity for product development or expansion, adopting best management practices, processes and systems and business opportunity development
• Technology commercialization: late-stage product development to grow and diversify markets, and technology demonstration (Technology Readiness Levels 7-9)
• Productivity improvement: acquiring, adapting or adopting new technologies and processes, process re-engineering and improving manufacturing capacity
• Market diversification: increase capacity to grow through expansion of international and inter-provincial trade, enter non-U.S. new markets, and enhance domestic supply chains and logistics

Projects are expected to generate strong economic results including:

• creating high-quality jobs in Canada
• increasing revenue and export sales
• growing business sales from commercialization (where applicable)

Applicants must clearly demonstrate how they will achieve these results and funding recipients will be required to report on their progress.

The BSP program is highly competitive and not all applicants will receive funding.

Priorities

PacifiCan’s goal is to build enduring prosperity for British Columbians and Canadians. To do this, we are focusing on three priorities:

• Invest in B.C.’s Strengths: Anchor long-term economic development by investing in innovative businesses with opportunities to scale
• Supply Canada: Connect businesses and communities to opportunities arising from generational investments in major projects, strategic sectors and domestic trade
• Grow Exports: Leverage B.C.’s position in the Pacific to help businesses diversify markets and increase exports

Preference may be given to projects that advance these priorities and focus on one or more of the following areas of B.C. strength:

• Oceans and Agriculture Products and Technologies: drawing on innovative technologies to sustainably harness marine and agricultural resources
• Digital, AI, and Quantum Technologies: developing and applying advanced computing, data, and software technologies to create solutions
• Advanced Materials and Manufacturing: using innovative technologies to enhance products and processes, e.g. mass timber construction, nanofabrication, composites
• Clean Technologies: creating products or services that reduce environmental impacts
• Critical Minerals, Energy, Trade and Logistics: improving efficiency in energy and mining, and moving resources and goods that power economies and global supply chains
• Life Sciences and Biomanufacturing: advancing pharmaceuticals, medical devices and digital health solutions
• Shipbuilding and Aerospace: design, construction, and maintenance of marine vessels and aircraft