Business Scale-up and Productivity in British Columbia - Who can apply

2. Who can apply

Applicants

You may be eligible to apply for the Business Scale-up and Productivity (BSP) program if your business:

• is high-growth and incorporated in Canada
• is scaling and producing innovative goods, services or technologies
• has been operating in Canada for at least two years
• operates staffed facilities in B.C.
• has secured at least 50% of project funding from non-government sources

Projects

Projects can have a maximum duration of three years. The strongest projects will:

• support growth through one or more BSP program objectives
• clearly align with at least one priority area
• achieve significant economic outcomes
• clearly define the market size and show business potential
• demonstrate financial capacity to execute the project and repay funding
• demonstrate management capability to carry out the project
• demonstrate technology readiness and a well-defined IP strategy (technology commercialization projects)
• clearly explain how productivity or efficiency savings will enable the company to grow and expand (productivity improvement projects)
• have a comprehensive and well-written business plan

Expected results

We prioritize projects that have a viable plan to produce strong economic outcomes. Applicants must quantify, substantiate and later report on:

• how many highly qualified personnel (HQP) jobs you created in Canada
• how many non-HQP jobs you created in Canada
• your revenue growth
• your export sales growth
• your business sales growth resulting from commercialization (where applicable)

Inclusivity

We aim to improve the economic participation of Indigenous people, women and youth. We encourage you to report on efforts to support inclusivity in line with the Government of Canada’s Inclusive Innovation Agenda.