Small Business Financing Programs in Ontario
Ontario offers a range of business financing programs to support small businesses in their growth and development. These programs are designed to help businesses access the capital they need to invest in new projects, expand their operations, or adopt new technologies. With the right funding, businesses can strengthen their financial position and achieve long-term success. This guide provides a comprehensive overview of the various funding options, grants, and loans available for small businesses in Ontario.

ISDE — Advanced technologies for open-source intelligence due diligence
- Maximum amount : 1,500,000 $
- Information and cultural industries
- Professional, scientific and technical services
- Educational services
- Public administration

REGI — Business Scale-up and Productivity (BSP) - Northern Ontario
- Maximum amount : 500,000 $
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services

Eastern Ontario Development Fund (EODF) — Business project loans
- From $500,000 to $500,000
- Up to 15% of project cost
- Manufacturing

Regional Development Program — Advanced Manufacturing and Innovation Competitiveness (AMIC)
- From $500,000 to $1,500,000
- Up to 15% of project cost
- Manufacturing

Starter Company Plus
- Maximum amount : 5,000 $
- Up to 25% of project cost
- Manufacturing
- Retail trade
- Information and cultural industries
- Professional, scientific and technical services

Tourism Growth Program in Northern Ontario
- Maximum amount : 250,000 $
- Up to 15% of project cost
- Accommodation and food services

FedDev Ontario — Economic Development Initiative (Southern Ontario) — Not-For-Profit
- No Condition
- Manufacturing
- Information and cultural industries
- Educational services
- Health care and social assistance

Regional Homebuilding Innovation Initiative (RHII) for Northern Ontario
- Maximum amount : 500,000 $
- Up to 50% of project cost
- All industries

Regional Artificial Intelligence Initiative (RAII) for Northern Ontario
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Health care and social assistance

OCI — Digital Modernization and Adoption Plan program (DMAP)
- From $15,000 to $15,000
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Digital Main Street – Digital Transformation Grant Program
- No Condition
- Retail trade

Retail Modernization Project Grant (RMPG)
- Maximum amount : 5,000 $
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration

Southwestern Ontario Development Fund — Community economic development projects
- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- All industries

Regional Tariff Response Initiative (RTRI) — Northern Ontario
- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing

Regional Tariff Response Initiative (RTRI) — Southern Ontario
- From $125,000 to $1,000,000
- Up to 75% of project cost
- Manufacturing
- Wholesale trade
- Retail trade
- Transportation and warehousing

OTF — Community Building Fund - Operating Stream
- From $10,000 to $250,000
- Up to 80% of project cost
- Arts, entertainment and recreation

Food Safety and Growth Initiative
- Maximum amount : 75,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade
- Transportation and warehousing

Canada-Ontario Job Grant (COJG)
- Maximum amount : 10,000 $
- All industries

INVEST North Program — Innovation Stream
- Maximum amount : 2,000,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

WinterTech Development
- Maximum amount : 500,000 $
- Up to 33% of project cost
- Transportation and warehousing

OVIN — Electric Vehicle (EV) — Stream 1
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Utilities
- Manufacturing
- Transportation and warehousing

Enabling Accessibility Fund — Small projects
- Maximum amount : 125,000 $
- Up to 25% of project cost
- Construction
- Retail trade
- Transportation and warehousing
- Information and cultural industries

Peak Perks
- Maximum amount : 75 $
- Utilities
- Other services (except public administration)
- Public administration

FedDev Ontario — Funding for organizations that help businesses grow
- From $125,000 to $10,000,000
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

Small Business Program
- Maximum amount : 3,000 $
- All industries
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Summer Company
- Maximum amount : 3,000 $
- All industries

Northern Ontario Development Program — Community Economic Development
- Up to 33% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Manufacturing

Tourism Development Fund (TDF)
- Maximum amount : 25,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

Racialized and Indigenous Supports for Entrepreneurs (RAISE)
- Maximum amount : 10,000 $
- Retail trade
- Accommodation and food services

Ontario Junior Exploration Program
- Maximum amount : 200,000 $
- Up to 50% of project cost
- Mining, quarrying, and oil and gas extraction

Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations
- Minimum amount : 125,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

Agri-Food Supply Chain Infrastructure Investment Stream
- Maximum amount : 150,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade
- Retail trade

NADF Financing
- Maximum amount : 500,000 $
- All industries

Southwestern Ontario Development Fund (SWODF) — Business Project Grants
- From $500,000 to $1,500,000
- Up to 15% of project cost
- Manufacturing

Ontario Labour Market Partnerships (OLMP)
- No Condition
- All industries

Life Sciences Scale-Up Fund (LSSUF)
- Maximum amount : 2,500,000 $
- Up to 33% of project cost
- Health care and social assistance

OTF — Family Innovations Scale Grant
- Maximum amount : 150,000 $
- Health care and social assistance

thriveFORWARD
- Maximum amount : 100,000 $
- Up to 50% of project cost
- All industries

Innovation Guelph — Rhyze Up! Program
- From $200,000 to $10,000
- All industries

Community Enhancement Program — Enhance Your Community Stream
- Maximum amount : 2,000,000 $
- Up to 50% of project cost
- All industries

OTF — Family Innovations Test Grant
- Maximum amount : 100,000 $
- Up to 10% of project cost
- Health care and social assistance

CME’s Technology Investment Program
- Maximum amount : 50,000 $
- Up to 50% of project cost
- Manufacturing

OMIF — Music Industry Initiatives
- From $10,000 to $300,000
- Up to 50% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

Small Distillery Program
- Maximum amount : 220,000 $
- Agriculture, forestry, fishing and hunting
- Manufacturing

Launch Lab — Entrepreneurs In Residence (EIR)
- No Condition
- Professional, scientific and technical services

INOVAIT Pilot Fund
- From $100,000 to $150,000
- Up to 3333% of project cost
- Professional, scientific and technical services
- Health care and social assistance

NGen — Feasibility Studies
- From $100,000 to $500,000
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services
- Educational services

EV ChargeON Program
- Maximum amount : 1,000,000 $
- Up to 75% of project cost
- Utilities
- Transportation and warehousing
- Public administration

Business Incubation & Commercialization Grant Program
- Maximum amount : 100,000 $
- Up to 20% of project cost
- All industries

Indigenous Economic Development Fund — Business and Community Fund
- No Condition
- All industries
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Digital Main Street – Digital Service Squad Grant (DSS)
- No Condition
- Retail trade

Skills Development Fund (SDF) — Training Stream
- No Condition
- Construction
- Manufacturing

OVIN — C/AV and Smart Mobility — Stream 1
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Transportation and warehousing

Critical Minerals Innovation Fund
- Maximum amount : 500,000 $
- Up to 50% of project cost
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

Skills Development Fund (SDF) — Capital Stream — GROW Pathway
- Up to 49% of project cost
- Construction
- Manufacturing
- Health care and social assistance

Ontario Automotive Modernization Program (O-AMP)
- Maximum amount : 150,000 $
- Up to 50% of project cost
- Manufacturing

INVEST North Program — Investment — Launch Stream
- Maximum amount : 200,000 $
- Up to 50% of project cost
- Construction
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

NGen — Pilot Projects
- From $50,000 to $200,000
- Up to 50% of project cost
- Manufacturing
- Professional, scientific and technical services

OVIN — R&D Partnership Fund – Advanced Charging and Vehicle-to-Grid (V2G) Stream
- Maximum amount : 1,000,000 $
- Up to 33% of project cost
- Manufacturing
- Transportation and warehousing
- Information and cultural industries
- Professional, scientific and technical services

Canada United Small Business Relief Fund
- Maximum amount : 5,000 $
- Agriculture, forestry, fishing and hunting
- Retail trade
- Other services (except public administration)
- Public administration

Eastern Ontario Development Fund (EODF) — Community economic development projects
- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- All industries

Entrepreneurship and Innovation Fund — Small Businesses or Entrepreneurs Developing Agri-tech and Cleantech Solutions
- Maximum amount : 10,000 $
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Professional, scientific and technical services

Small Cidery Program
- Maximum amount : 220,000 $
- Agriculture, forestry, fishing and hunting
- Manufacturing

- Minimum amount : 10,000 $
- Arts, entertainment and recreation

Ontario Dairy Processing Modernization Initiative
- Maximum amount : 200,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

Food Security and Supply Chain Fund
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing

Ontario Transit Investment Fund (OTIF)
- Up to 50% of project cost
- Transportation and warehousing

Ontario Creates-CMF — IDM Futures Forward Program
- Maximum amount : 20,000 $
- Up to 75% of project cost
- Information and cultural industries

INVEST North Program — Innovation – Industrial Research Chair
- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Professional, scientific and technical services
- Educational services

Neighbourhood Planting Program
- Maximum amount : 500 $
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)

BioCreate Program
- From $100,000 to $150,000
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Professional, scientific and technical services
- Health care and social assistance

Experience Ontario 2025
- Maximum amount : 125,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation
- Accommodation and food services

Intellectual Property Ontario
- Up to 80% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Professional, scientific and technical services

Toronto Retail Accelerator Program
- Maximum amount : 10,000 $
- Retail trade

C/AV and Smart Mobility — Stream 2
- Maximum amount : 1,000,000 $
- Up to 66% of project cost
- Transportation and warehousing

OAC — Artists in Communities and Schools Projects
- Maximum amount : 20,000 $
- Educational services
- Arts, entertainment and recreation

FedDev — Regional Artificial Intelligence Initiative – Adoption Pillar 2 – Businesses
- Maximum amount : 5,000,000 $
- Up to 50% of project cost
- Manufacturing
- Transportation and warehousing
- Finance and insurance
- Health care and social assistance

Toronto — Capacity Buyback Program
- No Condition
- Manufacturing
- Wholesale trade
- Retail trade
- Educational services

i.d.e.a. Fund
- No Condition
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

OAC — Literary Organizations Projects
- Maximum amount : 12,000 $
- Information and cultural industries
- Arts, entertainment and recreation

ventureLAB — Accelerate AI
- No Condition
- Information and cultural industries
- Professional, scientific and technical services

Toronto Circular Food Innovators Fund
- From $5,000 to $35,000
- Up to 75% of project cost
- Accommodation and food services

Grow Ontario Market Initiative
- Maximum amount : 60,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Wholesale trade

General Business Loans
- Maximum amount : 1,150,000 $
- Up to 90% of project cost
- All industries

Tourism Growth Program in southern Ontario
- Maximum amount : 250,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

OCI — Innovating Digital Health Solutions (IDHS)
- Maximum amount : 500,000 $
- Up to 50% of project cost
- Information and cultural industries
- Health care and social assistance

INVEST North Program — Investment – Locate Stream
- Maximum amount : 5,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

OCI — ENCQOR 5G Technology Development (SME) Program
- Up to 100% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

OCI — Technology Demonstration Program (TDP)
- Maximum amount : 150,000 $
- Up to 50% of project cost
- Manufacturing
- Retail trade
- Information and cultural industries
- Professional, scientific and technical services

Smart Agriculture Living Lab Call for Proposal
- Maximum amount : 100,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Trade Mission Support Program
- Maximum amount : 10,000 $
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Transportation and warehousing
- Information and cultural industries

Toronto Main Street Innovation Fund
- From $25,000 to $100,000
- All industries

Spark Mentorships & Grants - Northwest Ontario
- From $3,000 to $3,000
- All industries

Durham Community Foundation Community Grants
- No Condition
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)

OCI — Ready 4 Market (R4M)
- From $500,000 to $250,000
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance

Carrot Cache Fund
- From $500 to $5,000
- Agriculture, forestry, fishing and hunting

OTF — Capital Grant
- From $10,000 to $200,000
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration