Most of the noise around Canada's AI for All strategy focuses on grants. But for a lot of small businesses, the more practical door is BDC LIFT — the Business Development Bank of Canada's program that combines financing with hands-on advisory to get AI into your operations. Here's what it is and when it beats chasing a grant.

What BDC LIFT actually is

LIFT is a $500 million program from BDC, Canada's bank for entrepreneurs, created under the AI for All strategy to help small and mid-sized businesses adopt AI. It has two parts that matter:

• Advisory. BDC pairs you with an industry advisor who helps you find where AI actually fits your business — not a generic workshop, a look at your operations.
• Financing. Once the project is scoped, BDC finances the installation so you're not fronting the full cost out of cash flow.

Grant vs. financing: which makes sense?

A grant (like FedNor's Regional AI Initiative) is money you largely don't pay back — the best deal when your project fits the criteria and the timing. But grants have eligibility rules, application windows, and caps. BDC LIFT financing is the right route when:

• Your project is bigger than a micro-grant covers.
• You need to move now and can't wait for a grant intake window.
• You want an advisor to help define the project before you commit.
• A grant stream simply doesn't fit your situation.

Many businesses use both: a grant to offset part of the cost, financing to cover the rest. They're not mutually exclusive.

How to access it

1. Know your problem first. Walk in with the business pain you're solving — missed calls, slow follow-up, manual quoting, no after-hours coverage — not "we want AI."
2. Engage the advisory side. Use the BDC advisor to pressure-test where AI delivers the most return in your operation.
3. Scope the install and the numbers so the financing maps to a defined, costed project.
4. Pair it with an implementation partner who can actually build and run the system once it's funded.

Funding is the easy part — implementation is where it pays off

A financed AI project only returns if it's built well and actually adopted by your team. That's the gap Frayze fills: we build the lead-capture, missed-call text-back, follow-up, and voice-AI systems that turn an "AI project" into more booked jobs and recovered revenue.

For the full funding landscape — grants and financing together — read our guide to Canada's AI strategy for small business. When you're ready to scope a project worth financing, book a free AI funding strategy call.