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The top 10 Ontario government grants for small businesses

Government grants can be a great way for small businesses to get the financial assistance they need to grow and succeed. There are a number of different government grants available in Ontario, and each one has its own set of requirements and guidelines.

To be eligible for a government grant, you must first meet the eligibility criteria. 

This includes things like having a certain number of employees, being located in a certain area, or meeting certain revenue or asset thresholds.

Once you meet the eligibility criteria, you then need to submit an application. This can be a daunting task, but if you follow the tips below you increase your chances of success.

Tips for successful grant applications

When applying for a government grant, it is important to remember that the competition is fierce. Only a small percentage of applicants are successful in obtaining funding, so you need to make sure you put your best foot forward. Here are some tips for successful grant applications:

1. Make sure you meet all the eligibility criteria. This includes things like having a certain number of employees, being located in a certain area, or meeting certain revenue or asset thresholds.

2. Clearly outline what you plan to use the grant money for and how it will help your business grow.

3. Have a solid business plan and financial projections ready to submit with your application.

4. Be prepared to answer questions about your business and why you need the grant money.

5. Follow up with any required documentation promptly.

6. Keep your application concise and well-organized.

7. Check the website of the granting agency for more tips on how to apply for funding.

If you are successful in obtaining a government grant, make sure you use it wisely to help your business grow. And remember, always read the terms and conditions carefully before accepting any money from the government!

Top 10 government grants for small businesses in Ontario:

1. The Small Business Innovation Fund

2. The Northern Ontario Heritage Fund Corporation

3. The Investing in Business Growth and Productivity Program

4. The Southwestern Ontario Development Fund

5. The Eastern Ontario Development Fund

6. The Northern Industrial Electricity Incentive

7. The Business Growth Initiative

8. The Rural Economic Development Program

9. The Northern Ontario Prosperity Initiative

10. The Investing in Commercialization Partnerships Program

To see all government funding options in Ontario that your small business may be eligible for, be sure to use the Funding Database.

Government grants can be a great way for small businesses to get the financial assistance they need to grow and succeed. There are a number of different government grants available in Ontario, and each one has its own set of requirements and guidelines.

To be eligible for a government grant, you must first meet the eligibility criteria. This includes things like having a certain number of employees, being located in a certain area, or meeting certain revenue or asset thresholds.

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