+1 (888) 880-1898

Small Business Grants Alberta

Small business support in Alberta through grants emerge as a lifeline, particularly for startups and existing small enterprises. However, only a few startup grants exist. The reason? Typically risk-averse, governments are hesitant to allocate funds to start-ups, primarily due to the stark reality that a significant number of new businesses face challenges sustaining beyond the initial years. This cautious stance stems from a considerable proportion of businesses struggling to survive past their nascent stages.

Adding to the complexity, the majority of available Alberta business loans and grants are earmarked for businesses that have already navigated these initial turbulent waters – established entities with proven track records. This leaves emerging entrepreneurs and new ventures in a quandary, often feeling overlooked in the financial support landscape.

Despite these hurdles, hope is not lost for budding entrepreneurs and startups in Alberta. Contrary to popular belief, there are indeed government grants for small business specifically designed to support start-ups and aid them in overcoming the initial challenges of business establishment. 

Let us delve into these opportunities, showcasing the available Alberta small business grants that cater to start-ups and businesses with growth potential.

 

Alberta Grants for Small Business

In Alberta, a diverse array of business grant types beckons both established entrepreneurs and small business owners. This segment covers an extensive range of funding options, from new Alberta business grants to government grants for startups, tailored to bolster the province’s vibrant business landscape. Here’s a closer look at some specific small business Alberta grants and programs:

 

  • Alberta Export Expansion Program (AEEP)
    Purpose: This business funding for startups is aimed at supporting small and medium-sized enterprises (SMEs), municipalities, and others in promoting Alberta exports.
    Funding Value: With grants ranging from $1,000 to $25,000 per year, this Alberta small business program considers approved activities and eligible expenses.
    Eligibility: Includes having a minimum of one full-time employee in Alberta, being a recognized legal entity, and having a permanent establishment in the province. These requirements differ across for-profit and non-profit organizations.

 

  • Self-Employment Program
    Purpose:
    As a small business government support, this program provides formal business training, business plan development, and one-to-one business counseling for Albertans starting a new business.
    Eligibility: Targets unemployed and under-employed adults in Alberta who are permanent residents or Canadian citizens.

 

  • Métis Entrepreneurs’ Assistance Program (MEAP)
    Purpose: Offers equity assistance for the start-up or expansion of small businesses for Métis individuals.
    Funding Value: Up to 30% of project costs, with a maximum of $99,999. Total project costs must exceed $20,000.
    Eligibility: Applicants must be Alberta residents with at least 6 months of industry experience and a project generating a minimum annual income of $20,000.

 

  • Status Entrepreneur Assistance Program (SEAP)
    Purpose: Provides equity assistance for starting or expanding small businesses for Status individuals.
    Funding Value: Offers up to 30% of project costs, capped at $99,999, with total project costs including greater than $20,000 of depreciable capital assets.
    Eligibility: Includes being an Alberta resident, having industry experience, and project costs exceeding $20,000 with depreciable capital assets.

 

Other Resources for Small Businesses in Alberta

Aside from Canadian grants for small business and support programs, Alberta is home to a diverse array of service providers dedicated to supporting small businesses across the province. 

 

These organizations offer a wide range of services, including start-up support, advice and coaching, financing, training, and market expansion assistance. Here’s a brief overview of some key service providers:

  • Alberta Innovates: This organization focuses on accelerating entrepreneurship and technology-based innovation across Alberta. It offers programs, funding, business support, and research facilities.
  • ATB Financial: Known for providing coaching and advice through its Entrepreneurial Centres, ATB Financial also offers traditional and non-traditional lending options for businesses.
  • Alberta Women Entrepreneurs (AWE): AWE specializes in supporting women entrepreneurs with tools, workshops, resources, and loans. Notable programs include PeerSpark, a business accelerator program, and NextStep, a business plan learning series for Indigenous women.
  • Business Development Bank of Canada: This bank assists small and medium-sized businesses with financing, advisory services, and capital. They focus on various aspects of business, including buying a business, buying a franchise, and succession planning.
  • Business Link Alberta: This provider offers customized business advice and support for entrepreneurs. Services include one-on-one support, market research, access to experts, training, networking opportunities, and specialized support for Indigenous and immigrant entrepreneurs.
  • Community Futures: With 27 locations across Alberta, Community Futures provides small business support, including loans specifically designed for small businesses.
  • Conseil de développement économique de l’Alberta (CDEA): CDEA supports Francophone entrepreneurs with services ranging from business model development to financial planning and networking activities.
  • Futurpreneur: Targeted at entrepreneurs aged 18 to 39, Futurpreneur offers mentorship and loans to help young business owners.
  • Export Development Canada (EDC): EDC, a Crown corporation, supports Canadian companies of all sizes in their international endeavors. They provide exporters with tools for trading, financial solutions, insurance, connections, and more.

 

Conclusion

Alberta’s diverse range of grant options caters to an array of startup needs and aspirations. These opportunities extend from government-backed grants to private-sector funding, covering a broad spectrum of business types and industries.

For business owners in Alberta, it’s essential to conduct thorough research to identify the grants that align best with your business goals. Delving into the specifics of each grant, including eligibility criteria, application deadlines, and other pertinent details, is a key step in answering one of your questions, “How do I get funding for my business?”. 

Once you have a clear understanding of the suitable grants, you can engage with our BSBCON grant writing experts for specialized assistance. As you prepare to propel your business to new heights, our team at BSBCON is ready to guide you through the myriad of small business grants available in Alberta. 

Our expertise and tailored support can be instrumental in navigating the grant application process, helping you secure the funding you need to thrive and grow. For personalized assistance and to explore the grant opportunities that best fit your business, we invite you to contact us today.

Let's Get Started

Small business support in Alberta through grants emerge as a lifeline, particularly for startups and existing small enterprises. However, only a few startup grants exist. The reason? Typically risk-averse, governments are hesitant to allocate funds to start-ups, primarily due to the stark reality that a significant number of new businesses face challenges sustaining beyond the initial years. This cautious stance stems from a considerable proportion of businesses struggling to survive past their nascent stages.

 

Adding to the complexity, the majority of available Alberta business loans and grants are earmarked for businesses that have already navigated these initial turbulent waters – established entities with proven track records. This leaves emerging entrepreneurs and new ventures in a quandary, often feeling overlooked in the financial support landscape.

 

Despite these hurdles, hope is not lost for budding entrepreneurs and startups in Alberta. Contrary to popular belief, there are indeed government grants for small business specifically designed to support start-ups and aid them in overcoming the initial challenges of business establishment. 

 

Let us delve into these opportunities, showcasing the available Alberta small business grants that cater to start-ups and businesses with growth potential.

 

Alberta Grants for Small Business

In Alberta, a diverse array of business grant types beckons both established entrepreneurs and small business owners. This segment covers an extensive range of funding options, from new Alberta business grants to government grants for startups, tailored to bolster the province’s vibrant business landscape. Here’s a closer look at some specific small business Alberta grants and programs:

  • Alberta Export Expansion Program (AEEP)
    Purpose: This business funding for startups is aimed at supporting small and medium-sized enterprises (SMEs), municipalities, and others in promoting Alberta exports.
    Funding Value: With grants ranging from $1,000 to $25,000 per year, this Alberta small business program considers approved activities and eligible expenses.
    Eligibility: Includes having a minimum of one full-time employee in Alberta, being a recognized legal entity, and having a permanent establishment in the province. These requirements differ across for-profit and non-profit organizations.

 

  • Self-Employment Program
    Purpose:
    As a small business government support, this program provides formal business training, business plan development, and one-to-one business counseling for Albertans starting a new business.
    Eligibility: Targets unemployed and under-employed adults in Alberta who are permanent residents or Canadian citizens.

 

  • Métis Entrepreneurs’ Assistance Program (MEAP)
    Purpose: Offers equity assistance for the start-up or expansion of small businesses for Métis individuals.
    Funding Value: Up to 30% of project costs, with a maximum of $99,999. Total project costs must exceed $20,000.
    Eligibility: Applicants must be Alberta residents with at least 6 months of industry experience and a project generating a minimum annual income of $20,000.

 

  • Status Entrepreneur Assistance Program (SEAP)
    Purpose: Provides equity assistance for starting or expanding small businesses for Status individuals.
    Funding Value: Offers up to 30% of project costs, capped at $99,999, with total project costs including greater than $20,000 of depreciable capital assets.
    Eligibility: Includes being an Alberta resident, having industry experience, and project costs exceeding $20,000 with depreciable capital assets.

 

Other Resources for Small Businesses in Alberta

Aside from Canadian grants for small business and support programs, Alberta is home to a diverse array of service providers dedicated to supporting small businesses across the province. 

These organizations offer a wide range of services, including start-up support, advice and coaching, financing, training, and market expansion assistance. Here’s a brief overview of some key service providers:

  • Alberta Innovates: This organization focuses on accelerating entrepreneurship and technology-based innovation across Alberta. It offers programs, funding, business support, and research facilities.
  • ATB Financial: Known for providing coaching and advice through its Entrepreneurial Centres, ATB Financial also offers traditional and non-traditional lending options for businesse
  • Alberta Women Entrepreneurs (AWE): AWE specializes in supporting women entrepreneurs with tools, workshops, resources, and loans. Notable programs include PeerSpark, a business accelerator program, and NextStep, a business plan learning series for Indigenous women.
  • Business Development Bank of Canada: This bank assists small and medium-sized businesses with financing, advisory services, and capital. They focus on various aspects of business, including buying a business, buying a franchise, and succession planning.
  • Business Link Alberta: This provider offers customized business advice and support for entrepreneurs. Services include one-on-one support, market research, access to experts, training, networking opportunities, and specialized support for Indigenous and immigrant entrepreneurs.
  • Community Futures: With 27 locations across Alberta, Community Futures provides small business support, including loans specifically designed for small businesses.
  • Conseil de développement économique de l’Alberta (CDEA): CDEA supports Francophone entrepreneurs with services ranging from business model development to financial planning and networking activities.
  • Futurpreneur: Targeted at entrepreneurs aged 18 to 39, Futurpreneur offers mentorship and loans to help young business owners.
  • Export Development Canada (EDC): EDC, a Crown corporation, supports Canadian companies of all sizes in their international endeavors. They provide exporters with tools for trading, financial solutions, insurance, connections, and more.

 

Conclusion

Alberta’s diverse range of grant options caters to an array of startup needs and aspirations. These opportunities extend from government-backed grants to private-sector funding, covering a broad spectrum of business types and industries.

For business owners in Alberta, it’s essential to conduct thorough research to identify the grants that align best with your business goals. Delving into the specifics of each grant, including eligibility criteria, application deadlines, and other pertinent details, is a key step in answering one of your questions, “How do I get funding for my business?”. 

Once you have a clear understanding of the suitable grants, you can engage with our BSBCON grant writing experts for specialized assistance. As you prepare to propel your business to new heights, our team at BSBCON is ready to guide you through the myriad of small business grants available in Alberta. 

Our expertise and tailored support can be instrumental in navigating the grant application process, helping you secure the funding you need to thrive and grow. For personalized assistance and to explore the grant opportunities that best fit your business, we invite you to contact us today.

Let's Get Started

Are you ready to get started with Bsbcon?

Get in touch with us or visit our office