Unlock Up to $100,000 in Funding for Clean Growth with the Sustainable Growth and Adoption Program (SGAP)
As businesses increasingly face the pressure to go green, there’s no better time to adopt clean technologies and sustainable practices than now. If you’re a food- or agri-tech company based in southern Ontario, the Sustainable Growth and Adoption Program (SGAP) offers a fantastic opportunity to secure non-repayable funding of up to $100,000 to help modernize your operations while reducing your environmental footprint.
What is the SGAP and Why Should You Care?
SGAP is designed to support businesses in the food- and agri-tech sectors that are ready to take the next step toward sustainability. With the increasing demand for businesses to integrate eco-friendly technologies, SGAP provides crucial financial backing for projects that focus on adopting clean technologies, implementing sustainability enhancements, and modernizing operations.
The program’s main goal is to de-risk the adoption of clean technology and promote green growth. By investing in sustainability, you not only future-proof your business but also open doors to innovation and efficiency that can lead to long-term profitability.
What Can You Get?
SGAP provides non-repayable funding between $40,000 and $100,000 per project. This financial assistance can be applied to projects that integrate clean technologies into your business operations or to assess and implement sustainability enhancements.
Eligible project costs covered under SGAP include:
- Equipment acquisition for clean tech integration.
- Advisory services for sustainability assessments.
- Employee labour costs related to the project.
The best part? SGAP is designed to ease the burden on your bottom line, requiring that your business contribute 60% of the project costs, with a maximum allowable project cost of $150,000.
Who is Eligible for SGAP?
To qualify for SGAP, your business must meet the following criteria:
- Be a for-profit private sector business or a not-for-profit corporation operating in the food- and agri-tech sectors.
- Generate a minimum of $200,000 in annual revenues (unless you're a not-for-profit).
- Be incorporated and located in southern Ontario.
- Be ready to adopt proven clean technologies or engage in sustainability enhancement projects with an eligible project partner.
Eligible Sustainability Project Partners are organizations that offer proven clean technology solutions or consultation services aimed at reducing your business’s carbon footprint. These partners must provide a detailed Statement of Work (SOW) outlining the impact of their technology or services on your operations.
Key Dates to Keep in Mind
Mark your calendars!
- September 11, 2024 – Application intake opens.
- October 30, 2024 (11:59 pm ET) – Application deadline.
- February 2025 – Funding decisions announced.
There’s no time to waste if you’re planning to apply, so be sure to have your project details in order before the deadline.
How GrantMatch Can Help You Secure SGAP Funding
At GrantMatch, we understand that navigating government funding programs can be complex. That’s why we specialize in guiding businesses like yours through the process. From determining your eligibility to crafting a winning application, our team of experts will work closely with you to align your project with SGAP requirements.
GrantMatch has a proven track record of helping companies secure the funding they need to grow sustainably. Whether you’re looking to adopt new technologies, enhance your processes, or modernize your operations, we can ensure your application stands out and meets all necessary criteria.
Ready to take the next step? Contact us today to learn how we can help you secure up to $100,000 in non-repayable funding through SGAP and unlock the potential of clean growth for your business.