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Northeast Avalon · Newfoundland and Labrador

St. John's

St. John's is Newfoundland and Labrador's capital and the centre of its offshore energy, ocean technology and software industries. A small ecosystem built around Memorial University, Genesis and techNL has produced several nationally significant tech companies.

21 resources · Checked September 2026

Programs marked Provincial apply anywhere in Newfoundland and Labrador. See Canada-wide programs →

Grants & funding 8

Interest-free, unsecured repayable funding for business start-up, expansion and modernization, plus contributions for training and marketing.

For SMEs, co-operatives and nonprofits that support business growth

Mitacs

Federal

National organization co-funding university research internships placed inside companies for R&D projects.

For Companies running R&D projects with a university partner

National ocean cluster that co-funds industry-led projects commercializing made-in-Canada ocean technology.

For Companies with collaborative ocean-technology projects

Provincial non-repayable contributions of up to 50% of eligible costs for commercialization, productivity, innovation and export projects.

For Growth-focused Newfoundland and Labrador businesses and co-operatives

Provincial term loans for SMEs in strategic growth sectors, priced at the Bank of Canada rate plus 0.5%.

For NL SMEs with under 100 employees and under $10 million in sales

Provincial fund investing in the growth of Newfoundland and Labrador's energy supply and service capabilities.

For Energy supply and service companies and industry organizations

Accelerators & incubators 5

National ocean-innovation program offering the Ocean Idea Challenge, Ocean Startup Challenge and Lab2Market Oceans, with Genesis as a partner.

For Early-stage ocean founders and researchers commercializing technology

Genesis

Non-profit

Memorial University-linked incubator running Startups 101, Explore, Evolve, AI Garage and a Startup Visa stream since 1997.

For Early-stage technology founders in Newfoundland and Labrador

Memorial University's entrepreneurship hub, with startup coaches, entrepreneurs in residence and the Ignite Fund and Mel Woodward Cup.

For Memorial University students from all faculties

Health-technology connector offering equity-free expert consultations and non-dilutive Embryo Grants to founders.

For MedTech, digital health, biotech and health AI founders in NL

Objectives-based mentorship program for seed-stage science ventures, with Memorial University's Research Innovation Office as an Atlantic partner.

For Seed-stage science and technology ventures in Atlantic Canada

Investors 2

St. John's venture fund managing Venture Newfoundland and Labrador, writing $250K to $500K pre-seed and seed cheques.

For Pre-seed and seed startups based in Newfoundland and Labrador

St. John's private equity firm running a venture fund, an aerospace fund and a Newfoundland and Labrador fund.

For Atlantic Canadian technology and aerospace companies seeking growth capital

Government services 2

One-window provincial service guiding entrepreneurs through permits, licences, regulations and funding options.

For Anyone starting or licensing a business in Newfoundland and Labrador

Municipal front door at 348 Water Street helping entrepreneurs navigate city regulations, permits and economic data.

For New and growing businesses within the City of St. John's

Industry & trade 3

techNL

Non-profit

Industry association for the province's tech sector, running member programs, an AI Skills Launchpad, a job board and Innovation Week.

For Tech companies, startups and tech workers in Newfoundland and Labrador

Oceans Advance

Non-profit

Ocean technology cluster organization connecting NL companies, researchers and public agencies working in the blue economy.

For Ocean technology companies and research organizations

The city's chamber of commerce, providing advocacy, member events, business networking and a member directory.

For Businesses and business people in the St. John's area

Workspace & labs 1

Downtown innovation hub on Water Street with coworking desks, private offices and boardrooms, from $75 a week.

For Freelancers, founders, small teams and community organizations