Grant advance

funding

Accelerate past grant project milestones

Through Fundsquire Grant Advance funding, companies that are leveraging government grant programs can access their future, eligible grant capital several months in advance. Also known as grant-based funding, this strategy allows businesses to complete grant milestones, retain equity, and maintain project timelines. 

With this funding solution, our goal is to empower entrepreneurs and accelerate their growth through straightforward, quick, frictionless, and personalized non-dilutive funding solutions. 

What is Grant Advance?

As part of Canada’s growth plan, there is close to $101 billion over three years in proposed investments. Fundsquire Grant Advance funding is a simple way to use your future grant payments to fuel your current milestones today.

Unique to this type of funding, Fundsquire does not require revenue or proof of profit to support the loan, as repayments are made through the grant itself.

Most national & provincial government grants are eligible.

The business would have to have already been approved for the grant and has documentation from the grant body.

With a minimum loan size of $40k, we can provide access to up to 90% of the next milestone, today.

Get access to capital is as little as 5 days of getting started with Fundsquire.

Repayment made to Fundsquire using the grant payment from the grant body.

No personal or director guarantees, with founder-friendly and safe terms.

Key Benefits of Fundsquire Grant Advance

Why access early funding
Strengthen position ahead of the next round of grant funding by showing access to increased capital
Access funding for the next milestone before the current one has been completed
Shorten the time between delivering the milestones and waiting for the grant payment
No monthly repayments – just a single one once the company receives the grant payment
Non-dilutive capital means the business does not need to lose valuable equity or assets

Popular National and Provincial Level Grants

The Canadian governments provides several grants to businesses. Here’s a look at some of the popular.

National

Scientific Research and Experimental Development Tax Credit Program (SR&ED)

Strategic Innovation Fund (SIF)

CanExport Program

Canada Job Grant (CJG)

CME Technology Assessment Program (TAP)

Innovative Solutions Canada

Industrial Research Assistance Program (IRAP)

 

Provincial

Alberta: Alberta Innovates R&D Associates Program

BC: Coast Funds

Manitoba: First Peoples Economic Growth

New Brunswick: Enabling Agricultural Research and Innovation

Nova Scotia: Innovation Rebate Program

Ontario: SmartStart Seed Fund

Prince Edward Island: Product and Market Development Program

Quebec: SME in Action

Saskatchewan: Product2Market

Northwest Territories: Business Development Project Fund

Nunavut: Small Business Support Program

Yukon: Economic Development Fund

 

Learn about other top grant programs in Canada, how they work and who can apply, here.