Applications for the Starter Company Plus General Business Grant Program are now closed.


For entrepreneurs looking to start a business in Toronto there are over 60 business incubators and accelerators providing support for a range of sectors from digital media and healthcare to food processing and retail. Business support programs are offered across the country and are tailored to specific industries, demographics or special economic purposes.

Below you can find various financing options for small businesses in Toronto. Additional business grants, incentives and rebates are offered by the City of Toronto. For additional funding information, a tailored list of government financing programs for your business can be generated using Innovation Canada’s interactive tool. Or visit the Government of Canada website with information about business grants, loans, tax credits, wage subsidies and other government financing.

Angel Investors Ontario – Angel investing goes beyond providing funds to start-up businesses. Unlike venture capitalists, angels are involved in the start-up businesses that they invest in to ensure higher returns.

Angel groups in Ontario:


Program Name Program Description
Canada Council for the Arts Canada Council for the Arts grants programs help Canadian artists and arts organizations.
Government of Canada  Government of Canada – Canadian Heritage offers a variety of funding opportunities including Canada Book Fund, Canada Music Fund, Canada Media Fund, Canada Periodical Fund and many more. An alphabetical list of funding programs can be found on the website.
Ontario Arts Council Ontario Arts Council provides granting programs in different categories such as Art Education, Crafts, Dance, Literature, Media Arts, Music, Theatre, Visual Arts and more.
Ontario Media Development Corporation The Ontario Media Development Corporation, commonly known as Ontario creates, focuses on encouraging strategic business partnerships among the converging cultural media industries, including film and television production, book and magazine publishing, sound recording and interactive digital media. I
Socan Foundation Socan Foundation provides funding for Canadian music creators.
Toronto Arts Council Toronto Arts Council (TAC) provides grants to artists and arts organizations.

This is a method of raising capital in small amounts from a large group of people using the Internet and social media. Individuals are asked to make micro investments or donations to causes and ventures they believe in. For more information about crowdfunding, please visit the following websites:


Program Name Program Description
Black Entrepreneurship Loan Program Provides loans up to $250,000 to Black business owners and entrepreneurs. Loans can be used for capital investments, working capital, short-term receivable financing.
DMZ Black Innovation Program Provides $250,000 over five years, or $50,000 annually, to support tech entrepreneurs.


The City has committed more than $1.2 million towards cultural and economic investments to confront anti-Black racism. To learn more, visit Confronting Anti-Black Racism.


Program Name Program Description
Waubetek Business Development Corporation Waubetek Business Development Corporation delivers business financing and economic support services to Aboriginal entrepreneurs and First Nation communities.
Nishnawbe Aski Development Fund Nishnawbe Aski Development Fund (NADF) offers a variety of services to support Aboriginal business and economic development, including financing, business support, community planning, and workshops and bookkeeping training.
Indian Agricultural Program of Ontario Indian Agricultural Program of Ontario (IAPO) offers small business financing to support First Nations entrepreneurs and businesses. Funding is offered for equipment, business start-up and expansion, commercial real estate financing.
Indigenous Arts & Culture Partnerships Fund Individuals, groups, collectives or organizations can apply for funding up to $10,000 or $30,000 for Indigenous-led arts and culture projects.
Government of Canada’s Indigenous Businesses Initiative Short-term, interest-free loans and non-repayable contributions.


Program Name Program Description
Ontario Apprenticeship Programs The Province of Ontario assists employers with financial incentives to train apprentices.
Apprenticeship Training Tax Credit Apprenticeship Training Tax Credit is a refundable tax credit available to employers or sponsors who hire and train apprentices in certain skilled trades.


Program Name Program Description
Agrilnnovate Program The program is designed for businesses, cooperatives and Indigenous groups in agriculture, providing grants or loans for research and development of a new agricultural product or technology.
AgriScience Program The program is designed for businesses, cooperatives, Indigenous groups and not-for-profit organizations, providing funding and support for pre-commercial science activities and cutting-edge research.
MaRS Investment Accelerator Fund Investment Accelerator Fund for life sciences, cleantech, ICT or digital media enterprises, is a seed fund program, provided by the Province of Ontario, that helps emerging tech companies bring their product and services to market.
Natural Research Council Canada The Industrial Research Assistance Program (IRAP) provides funding to qualified firms and their innovative research and development projects.
NSERC Collaborative Research and Development Grants NSERC Collaborative Research and Development Grants support research projects in natural sciences or engineering by covering part of the project costs.
Ontario Centre of Innovation Ontario Centre of Innovation bring universities, industry and government together to help turn science and technology into successful business endeavors.
Ontario Innovation Tax Credit If you are an owner of an Ontario-based corporation you may be eligible for a 10% tax credit on research and development carried out in Ontario for your business.
Scientific Research and Experimental Development The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. The Canada Revenue Agency, responsible for administering the program, offers tax credits for expenditures such as wages, materials, machinery, equipment, some overhead and SR&ED contracts.



Program Name Program Description
Business Development Bank of Canada Business Development Bank of Canada (BDC) Xpansion Loan helps Canadian companies with up to $100,000 in long-term financing.
Ontario Chamber of Commerce Ontario Exporters Fund assists SME’s increase access to international markets.


Program Name Program Description
Ontario Catapult Microloan Fund for Social Enterprises The Ontario Catapult Microloan Fund for Social Enterprises is about enabling social entrepreneurs and innovators to turn their ideas into reality by supporting promising early-stage ventures with access to capital. This microloan Fund is administrated by the Centre for Social Innovation (CSI).
Soshent Soshent connects social entrepreneurs and innovators to the programs, opportunities and funding they need to accelerate their success and amplify their impact.


Program Name Program Description
Access Community Capital Fund Access Community Capital Fund (ACCF) supports entrepreneurs with viable business plans with financing not available from other sources. The borrower may have no credit history, or may have a poor credit record due to unemployment, illness or unforeseen life events.
Futurpreneur Futurpreneur offers aspiring entrepreneurs between the ages of 18 and 39 access to up to $15,000 in start-up financing and up to $60,000 in additional financing through a partnership with the Business Development Bank of Canada.
Opportunities Fund for Persons with Disabilities Program Opportunities Fund for Persons with Disabilities Program helps people with disabilities prepare for, obtain and maintain employment or self-employment.
Rise Asset Development  Rise Asset Development (Rise) provides loans to entrepreneurs with a history of mental health and /or addiction challenges. Rise operates with the support of the Rotman School of Management and the Centre for Addiction and Mental Health (CAMH).
The Ontario Catapult Microloan Fund for Social Enterprises The Ontario Catapult Microloan Fund for Social Enterprises is about enabling social entrepreneurs and innovators to turn their ideas into reality by supporting promising early stage ventures with access to capital. This microloan fund is administrated by the Centre for Social Innovation (CSI).


The Starter Company Plus Grant supports eligible entrepreneurs looking to build their small businesses. Select entrepreneurs will receive training, mentoring, and advice and will be eligible to apply for a micro-grant of $5,000 to assist with growth and expansion of their business. Applications are being accepted until June 30, 2022.

The grant program includes:

  • Over 20 hours of business training
  • Starter Company Plus Grant of $5,000
  • Up to six months of advisory services

Applicant requirements

  • Be a Canadian citizen or permanent resident
  • Be 18 years of age or older
  • Not be attending school or planning to return to school while enrolled in the program
  • Be devoting a minimum of 35 hours per week to their small business and not employed anywhere else
  • Not be enrolled in any other government-funded employment program
  • Be a resident of Toronto with ability to demonstrate proof of physical address

Business requirements

  • Must be registered at the time of application (Sole Proprietor, Partnership or Corporation) and this documentation must show a Toronto address
  • Must have a commercial business bank account which corresponds with Business Registration documentation
  • Must have majority ownership and the ability to demonstrate proof of ownership and/or shareholder agreement
  • Must be located in the City of Toronto with ability to demonstrate proof of physical address
  • Businesses that require certification and/or license must be current at the time of application
  • Must have been in operation for a minimum of six months and be able to demonstrate financial activity statements for this period.
  • Can provide a 25% investment of the grant amount ($1,250)
  • Must be able to commit to one week of virtual entrepreneurship training

In-eligible businesses

  • Nightclubs, lounges, cabarets, discotheques, music festivals and events or other similar activities
  • Online businesses selling jewelry, apparel or cosmetics
  • REIT’s, retirement homes, and long term care homes
  • Technology apps which are not market-ready
  • Student housing and other residential rental accommodation
  • Childcare centres, including daycares
  • Home care for elderly and/or vulnerable populations
  • Quasi-financial institutions or money service and money transfer businesses (including insurance companies and financial services companies)
  • Cryptocurrency (e.g. Bitcoin) businesses and traders
  • Businesses brokering funds or taking on a fiduciary duty handling funds for clients (including investment, insurance, and real estate brokers who handle funds in trust for clients)
  • Brokers (insurance, real estate, investment, etc.) who are working for an existing firm are not seen to be creating a new business.
  • Businesses and platforms that raise funds for charities
  • Charities and non-profits and social enterprise
  • Franchises
  • Collection agencies
  • Businesses that raise investment capital for other businesses
  • Businesses that include or promote financing from equity crowd funding (share capital)
  • Medical marijuana and cannabis retailers
  • Recording artists and other similar ‘self-promoting’ artists and activities

How to apply

Applications for the Starter Company Plus Grant are now closed.

For more information about the grant, contact

Are you an Ontario student aged 15 to 29 with a business idea? The Summer Company program can help you launch and operate a business this summer. The program provides:

  • Business training and mentorship to help you get your business up and running
  • Opportunity for a grant up to $3,000 to help you launch your business

Review the program overview and detailed guidelines.

Application Process

  1. Check your Eligibility
    The first step is to check your eligibility. To be considered for the Summer Company Program, you must answer a few questions to see if you are eligible to apply to the program.
  2. Make an Application Inquiry
    If you meet the eligibility requirements, the next step is to complete your Application Inquiry. When selecting a Program Provider, select “Enterprise Toronto” (Scarborough, North York or Downtown). We will contact you and send you information, program schedule and document templates to complete your application package, which includes a business plan, start up budget and cash flow forecast.
  3. Submit Your Application
    Next step is to submit your program application, which will need to include your business plan, start up budget and cash flow forecast. Qualified applicants will be contacted for an interview. Selected candidates will be contacted and invited to participate in the program.

Ready to apply? Complete your eligibility checklist to get started.

Applications for the Summer Company program are now closed.