BDC Advisory Services — Operational Efficiency ### 📋 Eligible Entities - Small to medium-sized enterprises (SMEs) across all sectors - Canadian-controlled private corporations - Sole proprietors and partnerships - Businesses with demonstrated operational challenges or growth ambitions - Companies seeking to improve profitability and efficiency - Established businesses with operational history (typically 2+ years in operation) ### 💰 Funding Details - Grant Structure: Non-repayable advisory services (not a cash grant) - Format: In-kind funding through BDC expert consulting time - Cost Coverage: BDC subsidizes a portion of advisory service fees; business pays remaining portion - Typical Investment: Businesses often contribute 30-50% of service costs - No Debt Obligation: This is advisory support, not a loan requiring repayment - Budget Range: Projects typically valued between $5,000–$50,000+ depending on scope ### 🛠️ Approved Expenses - Operational process assessments and diagnostics - Supply chain optimization and lean management strategies - Cost reduction and waste elimination initiatives - Financial management and cash flow improvement - Digital transformation and technology adoption planning - Organizational structure and workflow redesign - Human resources and team productivity optimization - Quality management and performance metrics implementation - Strategic planning and business model refinement - Virtual and on-site coaching sessions with BDC advisors - Development of operational improvement action plans ### ⚠️ Conditions & Milestones - Commitment Required: Business must actively participate in workshops, coaching sessions, and implement recommendations - Timeline: Typically 3–6 months, depending on project complexity - Deliverables: Structured action plan with measurable operational improvements and KPIs - Documentation: Tracking of improvements and outcomes throughout engagement - Application Process: Initial consultation with BDC to assess fit and define scope - Performance Expectations: Business must demonstrate engagement and progress toward identified operational goals - Confidentiality: All advisory findings remain confidential between BDC and the business - Follow-up Support: Limited ongoing support may be available post-engagement