A grant is a form of finance provided by either government or private organisations for a specific purpose. A grant is different from any other form of finance in that you don’t have to pay it back or give away a share of your business. The eligibility criteria vary greatly.

There are thousands of business grants available in Canada at both national and regional level. They are often sector-specific or tied to a particular product or outcome.

As a general rule, you don’t have to pay back grant money, but you might have to meet a matched funding requirement (typically 25-50%).