The Step Forward Entrepreneurs Program (SFEP) provides for-profit innovative companies with non-repayable funding to support projects that promote business growth and market expansion and are critical for the development and commercialization of new innovations.
**Please note, the SFEP now encompasses the prior iRAPID and Triple-P programs.
The SFEP supports projects in three categories:
- Market Growth & Expansion
- Product Development
- Productivity Enhancement
The SFEP will support 50% of eligible costs, before tax, at one of three funding levels:
- Level 1: $5,000 grant for a minimum project spend before tax of $10,000
- Level 2: $7,500 grant for a minimum project spend before tax of $15,000
- Level 3: $10,000 grant for a minimum project spend before tax of $20,000
The SFEP is a competitive program with limited funding available. Unfortunately, not all applicants can be funded. Applications are collected throughout a specified intake period and will be reviewed by an external selection committee.
Companies are eligible for one SFEP grant over the duration of the program (2024-2027). All project costs must be with a third-party contractor/vendor.
