Women Entrepreneurship
Fund (WEF)
Secure up to $100,000 in funding to scale your business. A complete breakdown of the Ecosystem Fund and Loan Fund eligibility.
How does the WEF Application Process work?
Growth & Scale Focus
The Woman Entrepreneurship Fund (WEF) is specifically designed to help women-owned businesses scale up to international markets. It is not for starting a business, but for expanding an existing one.
Assessment
Determine if your growth project aligns with ISED priorities (innovation, export, job creation).
Develop Proposal
Prepare your business plan, financial statements (2 years), and growth projections.
Submit & Review
Applications are reviewed on a rolling basis or during specific intake windows. Processing takes 4-6 months.
Who is eligible for the Women Entrepreneurship Fund?
Eligibility is strict. This fund is for established businesses with revenue.
- 51% Women Ownership: Must be women-owned AND women-led.
- For-Profit: Non-profits are generally not eligible for this specific stream.
- Incorporated: Must be a Canadian incorporated entity.
- Revenue Generating: Must show 2 years of financial history.
What costs are covered by the grant?
The WEF covers costs directly related to the expansion project. It does not cover general operating expenses.
Market Access & Export
Trade show travel, international marketing, localization of products.
Technology Upgrades
Software implementation, automation equipment, digital transformation.
Scale-Up Costs
Factory expansion, new production lines, facility improvements.
Common Questions About WEF
1. Is the grant taxable?
Yes. In Canada, almost all government grants for business are considered taxable income. You must report it in the tax year you receive it. Plan ahead so you aren't surprised by the tax bill.
2. Can I stack this with a BDC loan?
Yes! Financing a project often involves a "Capital Stack": 20% your cash, 30% grant (WEF), and 50% loan (BDC). This is a very standard and effective way to fund large expansions.
3. What if I get denied?
Don't give up. Ask for a debrief. Often, applications are rejected because they didn't clearly align with the "Priority Areas" (like export or clean tech). You can fix this and re-apply or apply to a Regional Development Agency instead.
4. Does it cover my own salary?
No. The Women Entrepreneurship Fund is strictly for project costs (equipment, marketing, renovations). It is not for paying the founder's existing salary.
5. Is there an age limit?
No. Whether you are 18 or 80, if you own and control the business, you are eligible. There are separate "Youth" programs for those under 29, but WEF is open to all ages.
6. How helps me write the grant?
You can hire a grant writer, but many successful applicants write it themselves. The key is to be specific: "We will buy Machine X to increase production by 20%," rather than "We want to grow."
Frequently Asked Questions
Is the funding repayable?
No. The Women Entrepreneurship Fund issues non-repayable contributions (grants). However, you must meet the performance objectives outlined in your contribution agreement.
What if I am a sole proprietor?
Typically, the WEF requires businesses to be incorporated given the scale of funding ($100k). Sole proprietors should look into the Women Entrepreneurship Loan Fund instead.
Can I use it for salary?
Generally, no. It does not cover existing salaries. However, it may cover incremental labour costs directly tied to the new project (e.g., hiring a new export manager).
Common Questions About WEF
1. Is the grant taxable?
Yes. In Canada, almost all government grants for business are considered taxable income. You must report it in the tax year you receive it. Plan ahead so you aren't surprised by the tax bill.
2. Can I stack this with a BDC loan?
Yes! Financing a project often involves a "Capital Stack": 20% your cash, 30% grant (WEF), and 50% loan (BDC). This is a very standard and effective way to fund large expansions.
3. What if I get denied?
Don't give up. Ask for a debrief. Often, applications are rejected because they didn't clearly align with the "Priority Areas" (like export or clean tech). You can fix this and re-apply or apply to a Regional Development Agency instead.
4. Does it cover my own salary?
No. The Women Entrepreneurship Fund is strictly for project costs (equipment, marketing, renovations). It is not for paying the founder's existing salary.
5. Is there an age limit?
No. Whether you are 18 or 80, if you own and control the business, you are eligible. There are separate "Youth" programs for those under 29, but WEF is open to all ages.
6. How helps me write the grant?
You can hire a grant writer, but many successful applicants write it themselves. The key is to be specific: "We will buy Machine X to increase production by 20%," rather than "We want to grow."
Official WEF Resources
Direct link to Innovation, Science and Economic Development Canada (ISED).
Visit ISED WebsiteGet a professional review of your eligibility before applying.
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