Business Development Program

Launching a new venture or taking an existing business to the next stage often requires capital that’s hard to secure through traditional financing alone. For entrepreneurs across Atlantic Canada, the Business Development Program offers a practical way to move forward with growth plans, modernization projects, or even a brand-new idea. Delivered by the Atlantic Canada Opportunities Agency, this program is designed to strengthen businesses in New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island across a wide range of industries.

The Business Development Program supports both start-ups and established companies, helping cover a meaningful share of project costs related to expansion, productivity improvements, market development, and operational upgrades. Depending on the project, funding can represent a significant portion of the investment needed, making it easier to move ahead with initiatives such as training staff, improving efficiency, enhancing product quality, or reaching new customers. Support may come in different forms, including interest-free contributions, and is structured to encourage long-term business sustainability and competitiveness in the region.

Beyond for-profit businesses, the program also extends support to non-profit organizations that play a role in strengthening Atlantic Canada’s business ecosystem. For entrepreneurs and organizations with growth ambitions and a solid plan, learning how this program works in practice is often the first step toward unlocking meaningful financial support and guidance for their next phase of development.