Business financing

Business funding programs

Programs listed here are not administered by Strathcona County. All third-party links are provided for information only.

All businesses incur costs, whether it is purchasing property, paying overhead or employees. Financing is a vital component in your business planning. 

The most common approach is to obtain a business loan from a bank or lending institution. Grants and funding programs may also be available from the government and not-for-profit organizations.

Federal programs

  • Alberta Entrepreneurs with Disabilities Program
    The Entrepreneurs with Disabilities Program (EDP) provides access to business services across Western Canada.
  • Build in Canada Innovation Program
    The BCIP helps companies bridge the pre-commercialization gap by procuring and testing late stage innovative goods and services within the federal government before taking them to market. 
  • Business Development Bank of Canada (BDC)
    The Business Development Bank of Canada helps to support small and medium-sized enterprises (SMEs) through financing, consulting and venture capital programs.
    Start-up Financing
  • Canada Business Network 
    Canada Business Network provides resources for starting, planning, financing, managing and growing your business, including financing opportunities.
  • Canadian Small Business Financing Program
    Businesses may be eligible for up to $500,000 loans for land and buildings, equipment, or renovations.
  • Canadian Industry Program for Energy Conservation
    Offers customized workshops, to help organizations increase their energy efficiency and reduce costs.
  • Career Focus
    Providing financial assistance to employers who offer career-related work experience to young people between the ages of 15 and 30. 
  • Department of Foreign Affairs, Trade and Development Canada (DFAIT)
    DFAIT provides Canada's foreign policy, trade, development programs and services for Canadian businesses and travellers. Funding programs are available in specified areas. 
  • Difference Capital
    A publicly-listed finance company that provides equity and capital for technology, media and healthcare startups.
  • Extreme Startups
    A Canadian venture capital group that offers up to $200,000 to five companies per year.
  • Mitacs Accelerate
    Learn how your business could receive specialized expertise by recruiting a graduate student or postdoctoral fellow to research your technology project for 4 or more months.
  • Mitacs Elevate
    You could get the help of a PhD fellow to work on your research projects for up to two years through this cost-shared program.
  • Natural Sciences and Engineering Research Council of Canada
    They focus on projects that could increase research and training in targeted areas that could strongly influence Canada’s economy, society and/or environment within the next 10 years.
  • National Angel Capital Organization
    NACO is a community of angel investors which connects entrepreneurs with financing opportunities.  
  • NRC Industrial Research Assistance Program
     Providing financial support to qualified small and medium-sized enterprises in Canada to help them undertake technology innovation.
  • Networks of Centres of Excellence
    Offers financial contributions toward projects or research in innovation, through a range of multi-stage competitions.
  • Industry Canada
    Industry Canada works to improve Canada's conditions for investment, performance and economic competitiveness. Resources and education materials are available for financing.
  • RHO Ventures
    A private venture capital firm that provides seed funding for startups, particularly those in innovative technology sectors.
  • Scientific Research and Experimental Development Tax Incentive Program
    Provides tax refunds or credits towards expenses related to R&D. 
  • Youth Employment Programs
    You could receive a financial contribution towards the salary of a post-secondary graduate to help you research, develop and commercialize new technologies, or to hire a youth to work on a green project.

Provincial programs

  • Accelerate Fund
    An early stage angel investor for Alberta technology companies.
  • Alberta Financial Services Corporation (AFSC)
    A provincial crown corporation that provides risk management and lending programs for agri-business as well as commercial businesses. 
  • Alberta Agriculture and Forestry
    Provides programs and services to support agriculture, agri-business and food processing.
  • Alberta Innovates
    The research and innovation system that supports excellence in science. Alberta Innovates provides funding for bio, health, energy, environmental and technological research and development.
  • Alberta Jobs Plan
    Supports a $75 million Capital Investment Tax Credit (CITC) to encourage investment and job creation. Your corporation could be eligible for a 10% non-refundable tax credit of up to $5 million for costs including the purchase of machinery, equipment and buildings. 
  • Alberta Tourism, Parks and Recreation
    Provides funding programs and grants for initiatives in sports, tourism and recreation programs.
  • Alberta Works
    Alberta Works provides programs and services to support employers and workers, including partnership programs.
  • Growing Forward 2
    A federal-provincial-territorial initiative that supports agriculture, agri-food or agri-products industries. Funding opportunities are available.
  • Innotech Alberta
    Helps technical industries find solutions, develop products and move technologies to market by building on Alberta’s established advantages, facilitating access to key partners, and investing in research to support priorities.
  • Petrochemical Diversification Program
    Encourages companies to invest in the development of new petrochemical facilities by providing up to $500 million in incentives through royalty credits.
  • Sustainable Development Technology Canada
    Provides funding for Canadian clean-tech projects and coaching. Opportunities include the SD Tech Fund for projects that address climate change, air quality, clean water and clean soil. 
  • Travel Alberta
    The mission of the Cooperative Marketing Investment Program is to increase the marketing capacity of our industry partners.
  • Venture Capital Association of Canada
    A hub for venture capital, angel investors, private equity and other programs.

Local, regional, venture capital groups and other not-for-profit programs

  • A100
    An industry association that provides funding, networking and education programs for startups in the technology industry.
  • ATB BoostR
    A crowdsourcing and social networking website for local start-ups.
  • ATB LendR
    A crowdsourcing website for Alberta businesses.
  • Alberta Women Entrepreneurs
    Alberta Women Entrepreneurs is a not-for-profit organization dedicated to women in business. The organization provide lending, education and other programs.
  • C100
    Provides funding, education and networking programs for technology startups
  • Futurpreneur Canada
    A not-for-profit organization provides support for young entrepreneurs, including funding programs.
  • Community Futures (Elk Island Region)
    A community-driven, not-for-profit organization that helps small businesses start, expand, franchise or sell a business.
  • Rural Alberta Development Fund
    A not-for-profit organization that works with rural Albertan communities to kick-start local projects. 
  • Venture Capitalists
    Resources from the Government of Alberta regarding venture capitalists.
  • VA Angels
    VA Angels is an investor only membership group committed to building Western Canadian industry through early stage angel investing.
  • EVOK Innovations
    Evok Innovations is a clean tech fund that accelerates the development and commercialization of solutions to the most pressing environmental and economic challenges facing the oil and gas sector

Banks located in Sherwood Park

Last updated: Monday, December 09, 2019
Page ID: 44021