Atlantic Canada Opportunities Agency (ACOA)

The Atlantic Canada Opportunities Agency (ACOA) works to create opportunities for economic growth in Atlantic Canada by helping businesses become more competitive, innovative and productive, by working with diverse communities to develop and diversify local economies, and by championing the strengths of Atlantic Canada.

Atlantic Innovation Fund

Since its launch in 2001, the Atlantic Innovation Fund (AIF) has been helping Atlantic Canadians compete in the global economy through the development and commercialization of new ideas, technologies, products and services.

Business Development Program

The Business Development Program (BDP) is designed to help one set up, expand or modernize a business. Focusing on small and medium-sized enterprises, the BDP provides access to capital in the form of interest-free, unsecured, repayable contributions. Not-for-profit organizations that provide support to the business community may also qualify for non-repayable assistance.

Atlantic Shipbuilding Action Plan

The Atlantic Shipbuilding Action Plan (ASAP) is designed to help Atlantic Canadian businesses ready themselves to take advantage of opportunities related to the Government of Canada’s renewal of the country’s naval and coast guard fleets.

These procurements, which are being carried out under the Government of Canada’s National Shipbuilding Procurement Strategy, represent a historic opportunity for job creation and growth in Atlantic Canada. Through this Action Plan, ACOA will work closely with all four Atlantic provinces, Atlantic businesses and industry associations, prime contractors, economic development organizations, and educational and research institutes to help businesses in the region understand the process and address areas such as innovation capacity, certification and workforce skills so that they are prepared to capitalize on these and other future opportunities.