6 New Business Start-Up Ideas for 2016

2016 is a great year to start a new business. Here are a few small business ideas that may inspire you to get started on your new path:

Commercial Cleaning

Janitorial businesses offer a great way to work off peak hours. Commercial cleaning is done at night, so It is a perfect compliment to other daytime activities. It also pays well, and has low start-up costs making it ideal for a business owner with a strong work ethic and desire to succeed.

Accounting, Bookkeepping & Payroll services

Accounting is complicated for the inexperienced. Many small business owners would prefer to have a professional handle these tasks. Every business in Canada needs accounting services. A business with a big business to business market, repeat clients, and high prices makes for a perfect small business opportunity for someone interested in establishing an accounting business.

Construction Equipment Rental

With Canada’s booming housing market and all the new constructions start-ups, there is an increased demand for equipment. Many small contractors and construction businesses can’t justify the expense of owning and maintaining the various equipment they need on a case by case basis. With interest rates at record lows, there is the opportunity to lease or finance equipment at discounted prices, and rent that equipment to the small businesses that need it. Once the equipment is paid for it can become a real long term cash generator for the rental owner.

HVAC Installation and Maintenance

Global warming is a generally accepted fact. The reality is that Hot or Cold, Canadians will always need HVAC equipment. As our summers get hotter, and winters more unpredictable, there are more opportunities for businesses in the heating and cooling installation and maintenance business. HVAC equipment needs professional installation, ongoing maintenance and eventual replacement, and as such is a great way to establish long term customer relationships and residual income.

Food truck

Food Trucks are the new hot trend in food service. They offer many advantages over opening a traditional restaurant, including lower start-up costs and overhead. In addition ot lower overhead, Food trucks are able to move around to different places, where demand is highest. A food truck doesn’t need to offer as large a selection as a restaurant, so operators can really concentrate on what they are best at.

Apps for Children

There is always a demand for innovation in education. With the increasing popularity of mobile devices, and the app-stores they offer, small business owners can leverage a great app idea into a hit. The children’s education category offers a unique opportunity to make software that qualifies as educational and offers a great opportunity to maximize return on investment.

Canadian Grants Business Center helps small business owners in Canada to find and apply to government funding programs to start or expand a business. Find Funding now at: http://canadiangrantsloans.com/funding-finder/

New Funding for 2 Cape Breton Microbreweries

Two Cape Breton microbreweries have landed $436,000 in federal money.

Mark Eyking, MP for Sydney-Victoria, announced that the federal government, will be investing in support of construction, development and expansion projects.

Big Spruce Brewing is receiving a repayable investment of $350,000 to support the construction of an additional 1,500 square metres of building space at their facilities located in Nyanza, Cape Breton.
This project will also assist with the purchase of new incremental processing equipment and the installation of an innovative product containment system. The brewery focuses on organic ales with ingredients sourced locally.

Breton Brewing Co. is receiving a repayable investment of $86,000 to support the installation of two new fermenting tanks and a canning line for packaging at their microbrewery in Sydney. This equipment will assist Breton Brewing in keeping up with consumer demand and allow finished products to be sold more easily to second-party vendors. Breton Brewing previously received federal funding, for the establishment of its microbrewery.

The craft beer industry in the province saw sales grow by 25.1 per cent this past year, spurred by 23 local microbreweries.

The Canadian Grant Business Center is the leading R&D Company for business funding in Canada. To see what funding is available to your new business, please contact us.

Toll-Free 1-888-231-0075

Canadian Small Business Grants Help Small Businesses

According to Statistics Canada, roughly half of employed citizens in Canada work for small to medium sized businesses. When new companies are launched each year, it is no doubt a great importance for Canadian job prospects. These new companies are key to driving economic development and demand special attention from government organizations to continue to add jobs, develop local communities and grow not only the local economy, but the national economy as well.

In open economies, the local, provincial and national governments for a country are key to playing a pivotal role in removing any obstacles to starting and operating a brand new business. According to international data, Canada is the second easiest country to start a business out of 189 countries surveyed. On the other end of the spectrum, Canada is ranked 14th in business competitiveness, among 144 countries reviewed by the World Economic Forum.

Like many first world nations, Canada, offers small and medium sized business a large selection of government funded grants and loans in order to aide them maintain growth and prepare for further funding if needed. This approach is not universally accepted, and has been scrutinized on many occasions.

Why should small and medium size business be cautious when trying to obtain government funding?

Research has shown that the world over, government struggle with the severity of restrictions they place on startups trying to obtain R&D funding. Usually these restrictions are put in place to block overseas income of government-funded research and development activities. Governments are trying to keep projects funded within the country, but by doing so, may scare off foreign investment. Small and medium sized businesses who receive government funding have a lower likelihood in obtaining foreign investment.

Why should small and medium sized business obtain government funding?

Local and national Canadian governments plan to renew Canada’s reputation as an innovation hub. In order to accomplish this, they will have to match what other countries are doing with balancing local and foreign investment and increasing current local and national funding programs.

Canada contains an environment with resources available to create the perfect storm for companies to setup shop, complete with large opportunism to secure government grants and loans at all levels of government.

Hundreds of start ups have grown out of incubators to become industry leaders. Innovation has grown from unusual Canadian regions like Northumberland Ontario to the usual places like Waterloo. In addition, not-for-profit organizations are lauching all over Canada to increase entrepreneurship in young people. Students all over Canada are enjoying working for start ups today, and you can search at the cores of these business and find a government grant that funded its growth.
The Canadian Grant Business Center is the leading R&D Company for business funding in Canada. To see what funding is available to your new business, please contact us.

Toll-Free 1-888-231-0075

BDC Announces $500 Million in expanded funding for SMEs in Western Canada

Calgary, November 17, 2015 

The Business Development Bank of Canada (BDC) announced today that it has earmarked $500 million in additional financing for Canadian SMEs impacted by the decline in oil prices. It will also provide advisory solutions to help companies adjust their business operations to weather the impact of the current economic downturn.

Summary of the announcement:

  • The half a billion in funding represents an significant increase of 40% compared to the bank’s normal lending to businesses in the oil and gas sector.
  • BDC will be working to process applications faster during this time of increased business need.
  • BDC’s strategy is intended to help promising companies with projects aimed at diversifying their business, increasing their operational and environmental efficiency, improving financial management, as well as purchasing new technology and equipment.
  • BDC is the only bank dedicated exclusively to entrepreneurs, and mandated to do so by the Canadian Government. It offers loans, investments and advisory services. BDC’s purpose is to support Canadian entrepreneurship with a focus on small and medium-sized businesses.

To find out more about accessing BDC funding and other government programs for business, please contact the Canadian Grants Business Center at:

Canadian Toll Free 1-888-231-0075 Or Visit: http://canadiangrantsloans.com/contact-us/

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Canadian Grants Business Center: City of White Horse announces Government Grants

November 23rd, 2015 White Horse, NWT

More than $ 60,000 will be making its way to a number of organizations. Whitehorse is preparing for a large number of programs and events between now and next June according to Canadian Grants Business Center.

At the city council meeting Monday, members approved $ 36,100 in grants this fall with $ 25,200 in cash and $ 52,222 in services for festivals and special events set for the first half of the next year.

The biggest subsidies drop will go to the Yukon Arts Society for its recreational and educational arts program; Arts Underground. It will receive the full $ 12,000, the society asked for.

At the other end of the scale, receiving smaller grants of up to $ 1 920, is Playschool Association with a large portion of the funding to go towards supplies and field trips.

Other groups who will receive funding are:

  • Performance Group fiddleheads to $ 2,500 for young music lessons, workshops and performances;
  • Nakai Theatre Ensemble to $ 4,500 for 24 hours playwriting competition and cabaret;
  • Arctic Edge Skating Club $ 5,180 for its Yukon Championships
  • Yukon Learning Disabilities Association $ 10,000 for its Raven camp.

Participating in the Monday meeting of managers by conference call, Con. Rob Fendrick thanked the group to implement the recommendations for grants, noting the work “is not an easy task.”

Con. Jocelyn Curteanu then confirmed with staff that the next deadline for all types of recreation grants will be March 15, 2016.

The current recreation grant drop provides funding for ongoing programs around the city, festivals and special events also get supplies, cash and services for large events.

New applicants will receive cash and services with the biggest beneficiary being the Yukon Sourdough Rendezvous Society for its annual winter festival set for February 19 to 28.

It will receive $ 8,700 in financial aid as well as assistance worth more than $ 37,000.

The smallest grant of the festival – a total of $ 950 in cash without assistance – will go to the collective D60 for its art event Nuit Blanche Whitehorse scheduled for June 18-19

Also receiving funding for festivals and special events are:

 

  • Chinese Canadian Association of Yukon to $ 1,000 in cash and no help services for its Chinese 2016 New Year Party for February 6;
  • Yukon Literacy Coalition, to $ 1,000 in cash and services valued at $ 330, for its event Family Literacy Day scheduled for January 24;
  • Anti-Poverty Coalition Yukon, $ 1,600 in cash without assistance services for its event Whitehorse Connects set May 26;
  • Educational Theatre Society, $ 1,850 in cash and services valued at $ 4,490, for burning away the winter blues festivities planned for March 19;
  • Gwaandak Theatre Society, $ 2,100 to $ 3,200 in cash and services for the Magnetic North Theatre Festival from June 10-18;
  • Yukon Film Society, $ 3,000 in cash and no services for its Film Festival Light Available from February 7 to 14; and
  • Yukon Quest International Association Canada, $ 5,000 in cash and $ 7,000 in services, for the portion of Whitehorse’s annual racing dog sled running from Fairbanks to Whitehorse. The race will begin February 6th in Fairbanks.

MAG ONE Recieves Government funding approval

Vancouver, British Columbia (November 10, 2015) –

MAG ONE Products’ application for a grant from the Canadian Government’s Industrial Research Assistance Program (IRAP) has been approved. The National Research Council’s program is Canada’s premier innovation assistance program for small and medium-sized enterprises and is regarded world-wide as one of the best programs of its kind. As each IRAP application is reviewed by a specialist in the specific commercial sector to which a grant application relates, a grant approval is a strong endorsement of a company’s technology.

Dr. James G. Blencoe, CTO and co-chairman, said: We are looking forward to working closely with IRAP to ensure that profitable, large-scale Canadian manufacturing of magnesium is initiated at the earliest possible time.”

MAG ONE’s game-changing, thermal magnesium (Mg) processing technology is targeted to produce 99.9% pure magnesium ingots at a cost that is at least 25% lower than current global magnesium production technologies. This cost reduction is partly due to MAG ONE’s modular expansion strategy, which ensures that capital expenditures for plant construction will be much lower than they are for competing electrolytic magnesium manufacturing facilities.

MAG ONE has recently gained access to 30 million tonnes of magnesium ore at a price of $1.50 per tonne. This ore, which is sitting on the surface in Quebec, Canada, contains approximately 23% magnesium, and is sufficient for 70 years of production of magnesium metal at the target capacity of 100,000 tonnes annually.

There are many exciting new developing markets for the metal, particularly in the automotive industry where magnesium could reduce the weight per vehicle by 15% or an average of 500 lbs.

Aerospace manufacturer receives funding from The Canadian Government

The (ACOA) Atlantic Canada Opportunity Agency is supporting Aerospace manufacturer Bradeans Tool & Die LTD. with a technology investment of around 64 thousand dollars in funding from ACOA.

Amherst, NS, January 21st, 2015

The business development program is to add an enterprise resource planning system, this system will track quality control data and assist the management in making timely informed decisions. Adding this system will eliminate duplicate data entry and improve overall operational efficiency. Bradeans co-owners are saying that they need to do this for the ability to grow the business, eliminate all the paperwork and allow employees to actually track what the costs will be for each job allow users to track delivery times. Efficiency will be improved dramatically.

The company builds built-to specifications products including drop hammer dies, stretched form blocks and injection moulds. By continuing and improving it’s infrastructure and processes the company has been able to meet the demanding requirements of the aerospace industry. One of the biggest improvement was to add a five-axis vertical milling center with a robotic arm. This machine produces highly complex parts with intricate shapes that will enable Bradeans to create new types of components with great efficiency. ACOA has provided 223 thousand dollars in repayable contributions to this project to that was valued well over 1 million dollars, the company itself will invest the rest of the money.

Innovation is very critical to support existing industries in Canada and to develop new ones, that’s why the Canadian Government is to committed to encourage technology adoption that will increase the productivity, growth and competitiveness of the business. Bradeans has become a local success by focusing on quality and precision. The Canadian government is proud to stand behind them as they continue to grow. The government says to continue to maximize our Atlantic region’s economic success we need smart thinking companies like Bradeans who know where the greatest business growth comes from by pursuing international markets. The success in this competitive manufacturing sector is the company’s ability to fund and implement the best technlogical advancements available.

Bradeans focus, always has been to bring this technology together with a highly motivated and skilled group of employees. This insures that they offer their current and future customers receive the quality and value they deserve. The company owners praise their employees for Bradeans success and will be adding 11 new employees to the team. The owners also said that this dedication has led to partnerships with aerospace leaders such as IMP, BOEING, SPIRIT AEROSYSTEMS, BOMBARDIER, BELL HELICOPTER, CESSNA, and SIKORSKY.

The Canadian government says that Bradeans has come along way since being established in 2002. Today it has become one of the industry leaders in Nova Scotia. The company specializied mainly in five-axis machining of tools and parts for the aircraft manufacturing sector.

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Government Business Loan for Seafood Processing Facility

Governments of Canada and New Brunswick Invest in Knocean Foods Ltd.

Scoudouc, NB, August 13th 2014

Knocean Foods Ltd., a value-added food processing company, announced news today of a combined investment from the Government of Canada and the Province of New Brunswick for equipment purchases for their newly built seafood processing facility, which will result in export sales and the creation of up to 25 new new jobs for the region.

The project involved the construction of a 23,000 square foot processing facility in the Scoudouc Industrial Park and the purchase of production equipment.

The facility is also expected to increase demand for locally sourced seafood especially lobster.

The Government of Canada and New Brunswick both invested $500,000 in the form of repayable loans in this project. New Brunswick also provided a $225,000 payroll rebate over 6 years for the creation and maintenance of 25 positions.

New Brunswick’s fish and seafood sector is a vital component of the province’s social and economic fabric. More than 7,000 New Brunswickers are employed in the province’s fish and seafood industry, which was responsible for an average of 21.3 percent of Canada’s fish and seafood exports to the world between 2010 and 2012.

One in five Canadian jobs is linked to exports, and the Government of Canada recognizes the important role that opening new markets plays in Canada’s long-term prosperity. That is why it has prioritized initiatives such as the Canada-European Union Comprehensive Economic and Trade Agreement and the Canada-Korea Free Trade Agreement – so that leading exporters can continue to grow and fuel the region’s prosperity for many years to come.

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Government Grant for Clean Energy Manufacturing

CLEAN ENERGY FIRM RECIEVES FUNDING FROM THE GOVERNMENT OF CANADA TO PRODUCE BIO-BASED LUBRICANTS AND FUELS

Kingston, ON, July 15th 2014

Altranex Corporation has entered into a Contribution Agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Canada’s premier innovation assistance program for small- and medium-sized enterprises (SMEs). The funding under the agreement will share the cost for Altranex to scale-up the production of Altranex’s Altra-HF™ shipping fuel and other products. The financial support is up to $200,000.

“The NRC-IRAP program has recognized the innovative approach that Altranex has taken to making the shipping and lubricants industries more sustainable.” said Chad Joshi, CEO of Altranex. “This funding moves the company along the path towards the production of commercial quantities of product.”

“In our first year with NRC-IRAP support we were able to attract a multinational oil company as a co-investor at a faster pace than our plan. Advisory services provided by the NRC-IRAP Industrial Technology Advisor assigned to the file on other government funding programs and her connections to other companies and contacts in the Cleantech sector have been valuable.”

Altranex Corp. is a Kingston, Ontario-based bio-chemicals company that develops and markets bio-lubricants and commercial transportation fuels.

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Government Small Business Loan for Music Manufacturer

Funding for Nova Scotia Based Music Company

Sydney, NS – June 6th, 2014

Billdidit Inc. of Sydney, NS a company that designs and produces innovative products for the music industry, has received a $500,000 repayable contribution from the Government of Canada to help build a facility for the production of hardware and accessories for drummers.

Background:

Billdidit has extensive experience in product development, commercialization, manufacturing management and technical support. The company primarily develops and sells drum and percussion related equipment.

The company’s products are used by amateur, recording and touring percussionists from around the world who perform with well-known artists of many musical genres.

They have developed products for domestic and international partners. They currently have four product patents and nine patents pending.

The new facility will focus on producing low to mid-volume products for Billdidit and Sabian Cymbals. It is expected to create 20 jobs immediately with the potential to add additional jobs as the facility ramps up production.

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