Strategic Improvement Assistance

📋 Eligible Entities - Small and medium-sized businesses (SMBs) - Private for-profit companies - Sole proprietors and self-employed individuals - Partnerships - Agricultural businesses - Manufacturing and service sector enterprises - Businesses operating in Canada Note: Non-profits and government entities are typically excluded unless specifically stated in program guidelines ### 💰 Funding Details - Maximum Grant Amount: $20,000 per applicant - Cost Coverage: Up to 40% of eligible project costs - Implied Minimum Project Cost: $50,000 (to maximize the 40% contribution) - Matching Requirement: Applicant must cover minimum 60% of project costs - Repayability: Grant funding (non-repayable) - Number of Projects: Up to 2 projects per applicant ### 🛠️ Approved Expenses - Productivity improvement initiatives - Process optimization and efficiency upgrades - Technology adoption and digitalization - Equipment purchases (up to 40% of cost) - Staff training and skill development - Competitive advantage enhancements - Business system improvements - Operational modernization Specific eligible expenses should be confirmed with program administrator ### ⚠️ Conditions & Milestones - Projects must demonstrably increase business productivity, profitability, or competitiveness - Applicant must fund minimum 60% of project costs from own resources - Maximum 2 projects eligible per funding cycle - Funds cannot exceed 40% of any single project's total cost - Grant is non-repayable upon successful completion - Projects must align with stated business improvement objectives - Documentation of project outcomes and metrics required - Compliance with program terms and eligible expense guidelines mandatory