Graduate To Opportunity - GTO Grow and GTO Innovate
GTO Grow is for Nova Scotia employers looking to hire a recent graduate into a new, permanent, full-time position that pays at least $37,500 a year. GTO Innovate is for Nova Scotia businesses looking to hire a recent masters or PhD graduate for an innovation-focused job that pays at least $60,000 a year. Eligible employers receive 30% of the first year’s salary and 15% of the second year’s salary
Grant Deadline
Deadline not available
Funding Amount
$120,000
Type of Grant
Hiring
Sectors
All Sectors
Demographics
Black, Women, LGBTQ2+, Indigenous, Visible minority, Person with Disabilities
Incorporation
For Profit, Non Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
opportunity, graduates, hiring, Nova Scotia, Help Grow
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
GTO Grow is available to Nova Scotia businesses of fewer than 100 full-time employees, start-up companies incorporated within two years of the application date, social enterprises, not-for-profit organizations, and registered charities.
GTO Innovate is available for Nova Scotia businesses with fewer than 200 full-time employees.
Determining Employee Count:
Include the total number of employees working at all locations of your organization or related organizations (regardless of the legal structure of each) in your application.
• If your organization is part of an amalgamated group of businesses, the finances are consolidated with a parent organization for reporting or tax purposes, or otherwise closely linked, the total employee count of all entities must be included in your application. The T4 Summary or summaries you submit must show this total number.
• Franchises are only eligible for GTO if they are headquartered in Nova Scotia and have an eligible employee count across all locations. Independently owned operations franchised from companies headquartered outside Nova Scotia are not eligible.
• Federal, provincial, and municipal governments and their agencies, health authorities, post-secondary institutions, and school boards are not eligible for this program.
The position you fill using GTO funding must be new to your organization. That is to say that the new employee must increase your organization’s total employee count. You cannot use GTO to replace staff or fill existing vacancies.
The new graduate must be an employee of your organization with a guaranteed minimum annual salary of at least $37,500 for GTO Grow and $ 60,000 for GTO Innovate (before vacation pay and any other benefits). This amount cannot be contingent on work performed or commissions earned. Contract or fee-for-service positions are not eligible for GTO.
GTO cannot be combined with other government wage funding, i.e. “stacking” of funding is not permitted. You may receive government funds for related projects, as long as the salary or wage for the GTO-funded position is not a line-item of that funding.
The subsidy will be calculated on the actual salary offered to the graduate, up to a maximum of $60,000 a year for GTO Grow and $70,000 for GTO Innovate. You are welcome to pay more than these amounts, but additional amounts will not be included in the subsidy.
Employers from all sectors are eligible to apply for GTO Grow as long as they hire graduates for jobs related to their field of study.
Graduates hired through GTO Innovate must spend at least 50% of their time on activities such as:
• applied research
• product and service development
• market analysis for new complex products or activity
• improvement of product quality, customer services and business efficiencies
• process development or improvement
• technical feasibility studies and pilots for product launches or market entry
As a part of application for GTO Innovate, you will need to submit a breakdown of the time your new employee will spend on the tasks listed above.
Grant Application website
https://novascotia.ca/programs/graduate-to-opportunity/
Contact
Contact info:
https://novascotia.ca/programs/graduate-to-opportunity/