BDC Newcomer Entrepreneur ### 📋 Eligible Entities - Immigrant entrepreneurs who have arrived in Canada within the past 3 years - Individual business owners (sole proprietors) - Those planning to start a new business venture - Must be a Canadian resident - Must demonstrate commitment to establishing and operating a business in Canada ### 💰 Funding Details - Maximum funding: Up to $50,000 per applicant - Type: Grant (non-repayable) - Matching requirements: None specified; this is a direct grant - Additional support: Expert business advice and mentoring included as part of the program - No repayment obligation ### 🛠️ Approved Expenses - Business startup costs - Equipment and tools necessary for operations - Initial inventory or stock - Professional services (accounting, legal setup) - Business licensing and registration fees - Workspace setup or lease deposits - Marketing and branding for business launch - Business training or skills development - Working capital for initial operations ### ⚠️ Conditions & Milestones - Eligibility window: Must have arrived in Canada within the last 3 years (strictly enforced) - Business stage: Must be starting a new business (not purchasing existing business) - Residency status: Must be a permanent resident or hold valid work authorization - Repayment condition: Grant funds are non-repayable; however, business performance expectations apply - Mentorship requirement: Access to BDC expert advisors and business guidance is mandatory - Reporting: May require progress updates on business milestones and fund usage - Timeline: Application processing and approval subject to BDC review timelines