Regional Economic Growth through Innovation in British Columbia
Regional Economic Growth through Innovation (REGI) is a national program delivered by regional development agencies (RDAs) across Canada to fuel economic growth through innovation and create more well-paying jobs for Canadians. It comprises 2 program streams, which, along with tailored programming in each region, will foster the right environment to start and grow businesses and create the conditions for the development of strong, dynamic and inclusive regional innovation ecosystems across the country.
Business Scale-up and Productivity
Funding offered under this stream supports high-growth businesses that are scaling up and producing innovative goods, services or technologies. It offers interest-free, repayable funding to incorporated businesses.
Regional Innovation Ecosystems
Are you a British Columbian not-for-profit organization looking for funding to increase the innovation capacity of the region?
Funding offered under this stream helps create, grow and nurture inclusive regional ecosystems that support business needs and foster an entrepreneurial environment conducive to innovation, growth and competitiveness. It also fosters the entrepreneurial environment necessary for more innovative regional economies and increases the competitiveness of small and medium-sized enterprises (SMEs), women entrepreneurs and underrepresented groups.
While REGI focuses on these program streams, Pacific Economic Development Canada (PacifiCan) will continue to support businesses and communities through existing programming to foster economic development opportunities and diversification in British Columbia.
Canada's RDAs are one of Canada's four flagship platforms supporting the government's Innovation and Skills Plan, along with the Industrial Research Assistance Program, the Strategic Innovation Fund and the Canadian Trade Commissioner Service.