What Is a Grant?

A grant is a financial award provided by government agencies, corporations, or other organizations to support businesses or projects. Unlike loans, grants typically do not need to be repaid, making them especially valuable for small businesses. They help fund startups, expansions, or specific business needs without adding debt. For small businesses, grants can provide essential capital to cover operational costs, marketing, or product development, allowing entrepreneurs to focus on growth and innovation while reducing financial strain.

Different Ontario Grants Available

1. Mastercard x Pier Five Small Business Fund 2024
   • Eligibility: Women-owned small businesses.
   • Due: November 3, 2024.
   • Requirements: Complete an application, meet eligibility criteria, provide business details.
   • Amount: $10,000 to 10 businesses, plus mentorship and resources.
   • Source
2. Small Business Fund 2024 (Pier Five)
   • Eligibility: Canadian small business owners (startups, independent contractors, or existing small businesses).
   • Due Date: Rolling application; submissions open throughout 2024.
   • Submission Requirements: Online application, business details, financials.
   • Grant Amount: $5,000.
   • More Info
3. Ontario Small Business Grant Guide
   • Eligibility: Small businesses operating in Ontario.
   • Due Date: Varies by program.
   • Submission Requirements: Business registration, plan, financial records (depending on specific grant).
   • Grant Amount: Varies; detailed guide available.
   • More Info
4. Starter Company Plus (Hello Darwin)
   • Eligibility: Ontario entrepreneurs 18+, not in full-time work/school, starting or growing a business.
   • Due Date: Varies by region.
   • Submission Requirements: Application, business plan, financial documents, attendance at training sessions.
   • Grant Amount: Up to $5,000.
   • More Info
   1. Starter Company PLUS Program (Mississauga)
   • Eligibility: 18+ Ontario residents starting, expanding, or buying a business in Mississauga.
   • Due: Check for next intake dates, as 2023 intake is closed.
   • Requirements: Attend mandatory info sessions, commit 35+ hours weekly, complete training, provide 25% grant contribution.
   • Amount: Up to $5,000.
   • Source

Exploring different grants available for your Ontario small business helps you identify opportunities for financial support. By comparing factors like eligibility, submission requirements, deadlines, and funding amounts, you can choose the grant that best aligns with your business goals and needs. Grants can be a valuable resource to propel your business forward without taking on debt.