Fundingportal Frequently Asked Questions

  1. What are Government Grants and Contributions?
  2. How much funding is awarded in Canada each year through business incentive programs?
  3. Are there government grants and contributions available for my business?
  4. Do grants and contributions need to be repaid?
  5. Are there other types of government funding for my company, in addition to grants and contributions? 
  6. What types of funding are included in Fundsearch?
  7. What kind of success rate can my company expect?
  8. How much funding can I expect to get?
  9. How long does it take to get this funding?
  10. Are grants repayable?
  11. What are tax credits?  
  12. What are wage subsidies and job creation funding?
  13. Can I identify Equity Investors using Fundsearch?  
  14. What is Fundingportal?

15. What are the best programs or funding sources for my company or organization?

16. Where can I learn more about Grants and Incentives or other Funding for my company or organization?

17. Where can I learn more about SaaS and software systems, such as IMS and  GMS (Incentive or Grants Management systems) , for my company or organization?

  1. 1.    What are government grants and contributions? 

Government grants and contributions (Gs and Cs) are awards of funding to businesses to support micro and macroeconomic policies, assisting individual companies to grow, and stimulating select industrial sectors to achieve economic development objectives. This taxpayer-funded spending is an important instrument for governments to stimulate economic development and achieve industrial policy objectives.
It is common in developed countries around the world.

  • How much funding is awarded in Canada each year through business incentive programs?

Our data measures awards of grants and incentives by federal, provincial and municipal levels in Canada, and in other countries. Governments in Canada invest about $26 billion -$30 billion in annual funding in the form of Gs and Cs, which includes about $3 billion through the Scientific Research and Experimental Development (SR&ED) tax credit.

The federal government accounts for about half of this sum. The larger provinces invest about $2-$6 billion each. 

  • 3.    Are there government grants and contributions available for my business?

There is only one way to find out. Search. Some programs such as Industrial Research Assistance Program (IRAP) have helpful staff who pick up the phone and provide qualifying information. But not many of the programs have these resources.

            Use our Fundsearch tool, which is much like using common search tools such as Realtor.ca or hotels.com, to identify the best programs for your company or project in seconds. Otherwise, set aside at least five days to find them, searching multiple government websites, department by department, program by program instead.

  • 4.    Do grants and contributions need to be repaid?

Repayable funding is generally referred to as a loan. Grants do not need to be repaid. Under some programs, a contribution may need to be repaid, although this is the exception. Grants and contributions are generally not repayable provided they are used to achieve the stated objectives of the program and the business objectives specified in the funding agreement.  Breach of the funding agreement can trigger repayment obligations.

  • 5.    Are there other types of government funding for my company, in addition to Gs and Cs? 

Yes.  In Canada, there is a wide array of government financing, funding programs, and solutions for which your business may be eligible. While the private sector uses debt or equity to lend to or invest in companies, governments use grants (non-repayable contributions), tax credits for certain eligible investments including research and development (R&D), repayable contributions, low or no-interest loans, loan guarantees, wage subsidies, and job creation funding.

            Use Fundsearch to identify the best government incentives for your company, organization, or project—in seconds.

  • 6.    What types of funding are included in Fundsearch?

Fundsearch includes 6,000 funding sources for Canada alone—about 4,500 federal, provincial and municipal public sector programs and 1,500 sources of private sector funding, including angel investors, accredited investors and business growth funds. Enter your funding objectives and get matched to the top twenty sources in seconds.

  • 7.    What kind of success rate can my company expect?

Applying successfully to government incentive programs is a skill – much like writing court documents, contracts or tax returns. Many companies have poor rates of success on their own. Subscribe to one of our subscription services to get access to expert services for writing your grants, tax credits, business plans or bids. Our success rate is 94%!

  • 8.    How much funding can I expect to get?

Generally, governments will fund about one third of your investment—sometimes as much as 75%.
For example, if you are planning to spend $15 million on launching a new product, R&D, commercialization, plant and equipment, hiring and other investments, you can expect to get about
$5- $10 million. If you are planning to invest $100,000, expect to receive about $30,000 – $50,000.

            Watch the ticker to view the flow of funding or subscribe to one of our subscription services to get custom data and predictive intelligence on how much your application will attract.

  • 9.    How long does it take to get this funding?

Governments are often seen to be slower than the private sector, but incentives is an area where governments are often able to process an application much faster than applying for bank financing or pitching private investors. We write your applications in fifteen days; then the average turnaround time by governments is about sixty days.

  1. 10. Are grants repayable?

No, a grant is not repayable—it is technically a gift. It is not a debt. There are some government programs that offer low or no-interest loans and any such repayment obligation is highlighted in your Fundsearch results.

  1. 11. What are tax credits? 

Tax credits provide you with a credit for amounts expended on certain eligible investments, such as R&D. Most incentives in Canada are grants, which have the advantage of being up-front money to fund a project in advance. SR&ED is an example of a tax credit program.

  1. 12. What are wage subsidies and job creation funding?

Eligible applicants may qualify to have part of their employees’ salaries paid to support job creation, economic development and other economic objectives, such as employing postgraduates.  

  1. Can I identify equity investors using Fundsearch? 

Yes. The Fundsearch private sector database includes 1,500 sources of private sector funding, including angel investors, accredited investors and business growth funds. Enter your funding objectives and get matched to the top twenty sources in seconds.

  1. 14.  What is Fundingportal?

Fundingportal is an award-winning software and services firm. It owns and operates fundingportal.com, an online platform for industry to source and apply for funding from more than 10,000 government grants and incentives programs in Canada, the US, and the UK.

            Fundingportal also provisions applicants, advisors, and industry experts, including lawyers, accountants and industry executives with white label or branded SaaS software and tools. Choose Fundsuite IMS, or any one of our innovative data sets or tools.

15. What are the best programs or funding sources for my company or organization?

Great question! We require information about your organization and project to answer this accurately. Please use Fundsearch https://ca.fundingportal.com/subscribe#fundsearch to enter your data. It will search through thousands of programs in seconds and identify the Top 20 programs and funding sources for your company or organization.

16. Where can I learn more about Grants and Incentives or other Funding for my company or organization?

Watch our video

read our FAQs [add link],

visit Grants 101 https://fundingportal.com/grants101/

call us at 1.855.850.FUND (3863), or Book a Consultation https://ca.fundingportal.com/demo

17. Where can I learn more about SaaS and software systems, such as IMS and  GMS (Incentive or Grants Management systems) , for my company or organization?

Work with us to find, apply for and leverage funding by: 

  • Purchase your Subscription Package to find the right funding opportunities for your organization immediately, and stay informed on new funds through our curated alerts system. 
  • Continue subscribing to Fundnews 
  • Order a custom Fundingsources Report today to identify the top funds for your projects and predict your funding outcomes. Then, work with our grant writers to submit a winning application.

    To get started: 
  • Book a free consultation with our experts, 
  • Call us at 1-855-850-FUND (3863), or 

Email us [email protected].

Fundingportal

Fundingportal

Fundingportal leverages innovation to help businesses, nonprofits, and municipalities like yours to get grants and funding.

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