Can government grants for small business needs help pay for new product development?

Government grants for small business may indeed help with new product development in many cases, if an eligible small business owner can illustrate why such an investment would make sense to the government. There are grants that can help get patents for new inventions, and those that offer funds to people or small businesses to use while they are developing a new product that they will sell. Each of these funding options has its own prerequisite terms. So, you will need to check these before deciding on a grant that you can use. You also may want to consider the provincial and local tier grant offers as well as the national ones to be certain you consider all of your options.

How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With over 1,500 funding programs and $612,676,848 in available funding, you should not wait. Register as a member today!

You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.