GRANT AND LOANS AVAILABLE FOR INVESTMENTS OVER $10 MILLION.
Ontario’s New Economy Stream initiatives will contribute up to 20% in grants and interest-free subordinate loans to businesses wanting to build innovation capacity, improve productivity, performance and competitiveness, exploit export and trade opportunities and/or create/retain jobs. Project expenses must be $10 million or more. Eligible project-related cost categories include facility modifications, equipment and machinery purchases, materials, one-time labour expenses, research and development, training and new market access. Ineligible cost categories include ongoing production and labour costs, land and buildings, overhead, and business plan preparation. Applicants must be in advanced manufacturing, life science, or information and communication technology, and/or wanting to undertake a project which will draw additional investments key to increasing Ontario’s next generation of talent, innovation and productivity. Additionally, applicants are required and will be evaluated on having a proven record of business success, generally for 3 years or more, as well as having sufficient financing, resources and expertise to undertake the project. While projects that are deemed to have exceptional benefits for Ontario may receive support up to the 20% level, successful applicants will likely be offered grant support at the 5% – 15% level.
Agriculture & Agri-Food, Apparel, Bulletins, Energy, Enterprise Program, Food Processing, IT, Manufacturing, Medical, Technology
FUNDING AVAILABLE TO BRING PRE-COMMERCIALIZED PRODUCTS AND SERVICES TO MARKET
The Build in Canada Innovation Program (BCIP) contributes up to $500,000 towards the procurement, testing and evaluation of innovative goods and services by Canadian government departments and agencies. Read More
Canada-Wide Employment Grant for Apparel and Textile Companies
The Apparel Career Focus program will contribute 50% up to $15,000 towards hiring a post-university or college graduate to work in their field of study. Read More
Agriculture & Agri-Food, Bulletins, Capacity Building, Energy, Food Processing, Growing Forward 2, Manufacturing, Marketing
Ontario’s Growing Forward 2 program will contribute up to 50% to a maximum of $350,000 over 5 years towards innovative processor and producer initiatives that will increase profits, expand markets, and/or manage risk. Support is available for: Read More
Ontario’s Local Food Fund awards 50% grant funding to support projects that increase provincial market “awareness, demand, and access to local (Ontario) foods”. Funding may be provided for researching, creating, piloting, developing or expanding the distribution, supply chains, networks, production, capacity, provincial markets and sales, education and awareness of local foods. Eligible third-party costs include engineering and consulting fees, minor equipment, subcontractor, renovations and retrofit expenditures, as well as promotional, training, and administrative costs. The Fund will also contribute to wages of employees specifically hired to work 100 per cent on project-related activities. Export related projects, expenses incurred prior to funding approval, in-kind contributions, salaries, major capital purchases (e.g. land, building, vehicle), leasing, demolition and exterior costs are not eligible for funding. Submissions will be rated on project innovation, application financial contribution and capability, plus resulting benefits to Ontario’s farmers, economy, employment and agri-food sector. Multi-applicant submissions are preferred and encouraged. Next deadline February 28, 2014.