Annual Report 2018-2019 (Invest Nova Scotia)

Summary

• The Export Growth Program approved $2,978,385 in funding across 431 applications.p.24
• The Small Business Development Program approved $935,345 in funding across 80 applications.p.24
• The Productivity and Innovation Voucher Program approved $1,120,000 in funding across 60 applications.p.25
• The Innovation Rebate Program provides a 25% rebate of eligible project costs for investments ranging between $2,000,000 and $15,000,000.p.25
• 27 NSBI clients identified as new exporters, against a goal of 15.p.9
• In 2018-2019, NSBI approved 60 PIVP applications, resulting in 28 new linkages between industry and academic institutions.p.4

Key insights

1. The Export Growth Program contributes up to 50% of eligible costs to a maximum of $15,000.p.24
2. NSBI disbursed 404 EGP applications in 2018-2019 for a total of $1,738,431.p.24
3. ICT was the largest sector in approved Export Growth Program applications, with 115.p.24
4. NSBI disbursed 75 SBDP applications in 2018-2019 for a total of $791,187.p.24
5. The voucher program provides vouchers up to $15,000 for new projects and up to $25,000 to build on work already done.p.25
6. Agropur Cooperative received the largest approved Innovation Rebate Program commitment for 2018-2019, at $1,843,776.p.25