ACOA — Business Development Program — Support for entrepreneurs

For entrepreneurs in Atlantic Canada who are looking to launch a new venture or push an existing business into its next phase, access to flexible capital can make all the difference. The ACOA Business Development Program – Support for entrepreneurs is designed to reduce the financial pressure of growth by offering interest-free, repayable funding that helps cover a meaningful share of project costs. Whether you are starting out or expanding operations, this program can help turn a solid business plan into action.

Delivered by the Atlantic Canada Opportunities Agency, the program supports a wide range of growth-focused activities. Businesses may receive funding that covers up to half of the costs associated with launching or expanding, while certain business improvement projects can be supported at an even higher share of eligible expenses. This includes initiatives like staff training, productivity and efficiency improvements, market development, quality and environmental management systems, and other investments that strengthen competitiveness. Funding is unsecured and interest-free, making it more accessible than traditional financing for many small and medium-sized businesses.

Non-profit organizations that support business growth across Atlantic Canada may also find this program relevant, particularly if their projects help SMEs build skills, adopt new technologies, or improve productivity. Applications are generally ongoing, and funding amounts vary based on the scope and impact of each project. For business owners considering expansion or launch plans, learning more about how this program applies to your situation is a smart next step.