Country guide
Startup credits in Canada
A startup registered in Canada can apply to 1328 programs we track: 933 credit programs and 395 accelerators. 130 more are restricted to other countries, and they are named below.
Canada is well served by the global credit programs and unusually well served by domestic ones, and that second half is what catches founders out. The national programs carry their own ownership and residency tests, and those are stricter than anything a cloud provider asks.
So there are two lists to keep straight. What is open to any registered corporation, which covers most of the cloud and AI catalog, and what is open only to a Canadian-owned corporation, which is where NextAI and much of the public funding sits. NextAI states it plainly: the venture must be a Canadian company owned in majority by Canadian citizens and permanent residents.
The counts below come from live catalog data. On the programme side, Creative Destruction Lab charges no fees and takes no equity, and the DMZ in Toronto counts more than a million dollars of tech credits inside its 18-month incubation, which is the clearest local proof that the accelerator question and the credits question are one question.
What your entity needs to be
Incorporation here is either federal, under the CBCA, or provincial, and for credit programs the two are interchangeable: both produce the registered corporation and business number that application forms want. The choice matters for domestic funding instead, where Canadian ownership and residency tests appear, as they do at NextAI. Incorporating in Delaware for credits alone buys a cross-border filing obligation you keep every year in exchange for a one-time benefit, and it can put the Canadian-ownership programs out of reach, so treat that move as a fundraising decision rather than a credits one.
Open to Canadian startups
The largest programs with no country restriction blocking you.
- NKFIH Startup Factory Programme$5,000,000,000
National Research, Development and Innovation Office, Hungary
- Fonds de Soutien à l’Innovation$3,000,000,000
DER/FJ, Senegal
- CSI and Startup Flagship Program$1,200,000,000
Ministry of Industry, Commerce & Employment, Bhutan
- Skolkovo Foundation Grants$850,000,000
Skolkovo Foundation
- KCB-EIB SME/Youth/Women Facility$230,000,000
KCB Bank + European Investment Bank
- SME Subsidised Loan Facility$200,000,000
Government of Papua New Guinea, via Bank South Pacific
Closed to Canadian startups, and why
These set a country allowlist that does not include Canada. We list them so you do not spend an evening on an application that cannot succeed.
- Torch Program
Open to China.
- Bourse French Tech
Open to France.
- British Business Bank Start Up Loans
Open to United Kingdom.
- NAB Startup Loans
Open to Australia.
- Bank of Industry SME/Startup Loans
Open to Nigeria.
- R&D Tax Incentive (New Zealand)
Open to New Zealand.
Accelerators based in Canada
Questions founders here ask
Looking for accelerators instead?
Credits and accelerator programs are judged on different rules, so they have their own list.
Startup accelerators in Canada