Toronto’s business community has rebounded out of the COVID-19 pandemic. And the municipal government is once again calling on its stable of incubators and accelerators to help build on this tremendous momentum.

This May 27 marks the application deadline for the City of Toronto’s Business Incubation and Commercialization (BIC) Grant Program, which provides finances to non-profit organizations supporting the city’s entrepreneurs, small businesses and startups. The main goal of the program is simple: foster greater entrepreneurship across Toronto to boost the economy, create jobs and develop new ideas, as well as train citizens in efficient and sustainable practices.

Another goal of the BIC Grant Program is to further diversity in entrepreneurship, and to help groups that were disproportionately affected by the coronavirus emergency — most specifically, Toronto’s Indigenous and Black communities.

Grant approvals will be announced the week of June 6, while funds will be released June 7 to 24.

Interested organizations can learn more about the BIC Grant Program and its two funding streams on the City of Toronto website. Applications can be submitted here.

Looking for support to build your business? Find connections with funders, mentors and advisors here.