Regional Economic Growth through Innovation

Growing a business in Atlantic Canada often means balancing ambition with the realities of scaling, productivity, and access to new markets. The Regional Economic Growth through Innovation (REGI) program is designed to help businesses and support organizations overcome those hurdles by backing projects that strengthen competitiveness and long-term growth across New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island. Delivered by the Atlantic Canada Opportunities Agency, REGI focuses on creating the right conditions for innovative ideas to move from potential to performance.

For businesses, REGI’s Business Scale-up and Productivity stream supports efforts like expanding operations, adopting advanced technologies, improving efficiency, and developing new products or markets. Funding levels vary based on the scope of the project, but support can be substantial and is structured to make growth investments more achievable, with flexible terms depending on the type of initiative. This makes the program especially relevant for companies aiming to compete nationally or internationally without overextending their finances.

REGI also invests in Regional Innovation Ecosystems, providing non-repayable support to non-profit organizations such as incubators, accelerators, industry groups, and post-secondary institutions that help entrepreneurs and high-growth firms succeed. By strengthening these networks, the program helps build a more inclusive and resilient regional economy. For businesses and organizations exploring whether REGI aligns with their growth plans, digging into the program details can clarify how this support might fit their next move.