15 Employment-Related Funding Opportunities for Tech Employers in Greater Victoria
Last updated: November 26, 2020
Know of a wage subsidy, grant, or other funding opportunities that aren’t on this list? Found some info that is out of date? Need some help navigating these resources? Contact eolynyk@viatec.ca
COVID-19 Special Funding
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What: 40% maximum base subsidy rate, with max 25% top-up for businesses experiencing significant COVID-related revenue decline for Period 10, for other periods, use the calculator (up to 75% for some periods). Where to apply: Government of Canada Application When: Retroactive to March 15. Details and requirements: Government of Canada Who can apply Can it be stacked with other funding? CEWS can not be stacked with the NRC-IRAP Innovation Assistance Program.
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Canada Emergency Business Account (CEBA) |
What: Interest-free loans of up to $40,000 to small businesses and not-for-profits. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000). Where to apply: Apply through your financial institution. When: Apply up until Dec 31, 2020. Details and requirements: As of October 26, 2020, eligible Canadian businesses currently operating through a personal bank account will be able to apply for CEBA. Can it be stacked with other funding? Participation in one of these programs will adjust which non-deferrable expenses can be reported:
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What: The temporary changes to the Work-Sharing (WS) program lets successful applicants have employees work an agreed-upon reduced number of hours to share the available workload while allowing them to continue to collect employment insurance (EI). Typically, this is a partnership/agreement between the employer, employees and government where the group of employees reduce their hours the same amount (10%- 60%) and the employer pays for the hours work and government tops some up with EI. Where to apply: Government of Canada Application When: Effective until March 14, 2021. Details and requirements: Can it be stacked with other funding? Stackable with EI.
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Regional Relief and Recovery Fund |
What: $40,000+ loan, with streams for rural businesses, women-owned or women-led businesses, other small-medium sized businesses. Where to apply: Through your local Community Future’s Office. When: Ongoing, but subject to fund availability. Details and requirements: Government of Canada Eligibility Assistant Can it be stacked with other funding? The RRRF is for businesses who haven’t been able to claim other COVID-19 programs. Can not be stacked with CEBA.
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For Hiring Co-Ops/Students
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Student Work Placement Program (SWPP) |
What: In response to COVID, SWPP coverage is increased to 75% of wages up to a maximum of $7,500. When: Rolling applications, internships starting in September, January, May.* *BioTalent is currently only accepting applications for placements starting before March 2021. Details, requirements, and where to apply: SWPP has multiple delivery partners, with different available funding for the program. We suggest you target as many are relevant to your business:
Can it be stacked with other funding? In short, it depends.
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What: Up to $5,000 towards a co-op student’s salary, up to 4 co-op students or terms (Max $20,000). Where to apply: When: The waitlist is currently closed, and new applications aren’t being processed until April 2021 at the earliest. Check the Innovate BC details link to see if the waitlist is opened. Details and requirements: Can it be stacked with other funding? Can be stacked with SWPP funding from: Canadian Council for Aviation & Aerospace, BioTalent, Eco Canada, Electricity HR, ICTC - WIL, Venture for Canada and Technation.
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For Hiring Post-Secondary Graduates/Other Labour
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Digital Skills for Youth (DS4Y) |
What: 100% of salary and benefits up to $17K, plus up to $4K for training and $5K for special capital expenditures (eg. assistive technologies) with approval. Where to apply: When: Subsidy will only be paid out until March 31st, 2021, and internships must be at least 4 months in duration. Currently accepting waitlist submissions only. Details and requirements: Can it be stacked with other funding? Yes, provided the organization doesn’t receive in excess of 100% of the intern’s salary. Can not be stacked with EI.
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NRC IRAP Innovation Assistance Program |
What: Up to 80% subsidy for employees, 50% for consultants, and 65% of overhead costs for technological innovation projects. Where to apply: Call 1-877-994-4727 When: Ongoing, although funding pool decreases throughout the government fiscal year (fiscal year end is March). Details and requirements: Can it be stacked with other funding? Yes.
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NRC IRAP Youth Employment Program |
What: Up to 75% to hire a post-secondary graduate ages 15-30, up to $30K. Up to two candidates. Must be an incorporated business with less than 500 employees. Where to apply: Call 1-877-994-4727 When: Ongoing, although funding pool decreases throughout the government fiscal year (fiscal year end is March). Details and requirements: NRC IRAP Youth Employment Program About Page Can it be stacked with other funding? Yes.
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What: $7,500 (50%) of a graduate’s salary for a 4-month research term with your company. Expedited approval process for COVID-19 research projects, for COVID-19 projects, funding is $15,000 (75%). Where to apply: When: Ongoing, minimum 4-month projects. Details and requirements: Additional COVID Funding Announcement Can it be stacked with other funding? Yes. Partner organizations are welcome to contribute additional funding but Mitacs will not provide any additional funding outside of the standard award. This additional partner funding should be included in the application budget and the anticipated use of funds (e.g. stipend/salary top-up, specialized equipment).
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What: $2,800 hiring incentive to hire eligible youth 17 to 29 years of age, as well as a $1,000 training fund for the newly hired youth. Youth must not be a full-time student. Where to apply: When: Ongoing. Positions must be at least 3 months long, preference given to positions over 6 months long. Details and requirements: Get Youth Working Program Details Get Youth Working Youth Eligibility Requirements Can it be stacked with other funding? The Youth can not be participating in another provincially or federally funded labour market program (excluding WorkBC).
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What: Up to $10,000 a year to BC-based companies to hire non-co-op post-secondary students. Where to apply: When: Terms start in May and September. Waitlist currently closed. Check the details link to see when the waitlist reopens. Details and requirements: Can it be stacked with other funding? Yes, as long as the total doesn’t exceed the student’s salary.
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What: Up to $30,000 for salary and training expenses for an intern (student or graduate). Where to apply: When: Ongoing. Details and requirements: Career Launcher Employer Details Can it be stacked with other funding? Unclear.
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Clean Leadership Professional Internship Program |
What: 50% wage subsidy up to $15,000 to hire graduates in the environmental sector. Where to apply: When: Closed for 2021/2022 Season. Waitlist is still open. Details and requirements: Career Launcher Employer Details Can it be stacked with other funding? Unclear.
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BC Employer Training Grant Program |
What: Reimbursements of 60-100% for eligible training costs to upskill employees. Where to apply: Skills Training Grants Application System When: Ongoing. Details and requirements: Career Launcher Employer Details Can it be stacked with other funding? Applicants may not receive funding from another government program that duplicates the costs requested through the ETG. For the streams where employers are required to contribute funds, employers may seek funding from other sources to cover their contribution.
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