Supports for Small Business Incubators

Last month, City Council enhanced the long-standing Business Incubation and Commercialization (BIC) Grant Program, which provides financial support to incubators and entrepreneurship organizations that foster the growth of up-and-coming businesses.

Eligible non-profit incubators may apply for operating grants of up $100,000, as well as programming and events grants of up to $30,000. Funding for new incubators may also be available separate from the above streams.

Applications for funding through the BIC Grant Program are open now on the City of Toronto's website.