Changes are another win for businesses as they build resiliency on their journey towards recovery
The substantive grant was initially only available to businesses that sold inventoried items. It’s been expanded to include businesses that provide services. The grant will help cover up to 75% of costs for a range of expenses.
The expanded program will:
- Provide up to $7,500 to businesses to help build or expand an e-commerce site to access a global marketplace.
- Businesses in the hard-hit tourism sector, like tour operators or hotels, and businesses in the service industry, such as massage therapists, personal trainers or hair stylists, can now access the grant to build or improve their online booking systems.
- As part of the eligibility enhancements, 30% of the grant funds will now be reserved for Black, Indigenous and people of colour-owned (BIPOC) businesses. This is expanded from the original 25% of grant funds that were reserved for Indigenous and rural businesses.
Small and medium-sized businesses can apply online and review eligibility criteria here: www.launchonline.ca
Program application intake is open until September 30, 2021 or until the funds have been fully subscribed.
How the program works
Step 1: Develop a grant proposal that explains how you plan to use the funds. Businesses need to show a cost estimate that includes how much funding you need and how the money will be spent.
Step 2: Complete the online application demonstrating that you meet the eligibility criteria and submit your online shop proposal.
Step 3: Applicants will be contacted within three weeks with the outcome of their application.
Get more information and apply here: www.launchonline.ca