Advanced Manufacturing Investment Strategy (AMIS)

• Repayable loan covering up to 30% of total eligible project costs, up to a maximum of $10 million per project.
• Loan is interest-free and principal payment-free for up to five years, contingent on meeting agreed job and investment targets.
• After five years, repayments are made at the province’s cost of borrowing plus an additional 1%.

• The applicant must be a manufacturing company located in Ontario.
• The project must create and/or retain at least 50 jobs, or invest at least $10 million over a 5-year period.
• The company must be engaged in advanced manufacturing activities such as industrial R&D, design, prototyping, engineering, development of new or advanced products or materials, advanced manufacturing processes, robotics, software development, waste reduction, or energy conservation.

Who is eligible?

• Manufacturing companies located in Ontario
• Companies from all manufacturing sectors in Ontario

Eligible expenses

• Research and development expenses.
• Purchase of equipment and machinery.
• Materials required for project implementation.
• Construction or facility improvements.
• Training costs related to the project.
• Overhead expenses.
• One-time labour costs.

Eligible geographic areas

• Ontario

• Respect for the job creation or maintenance targets and investment agreed upon between the company and the province.
• Approval of the project according to the guidelines of the AMIS evaluation committee.
• Joint decision by the Ministries of Finance and Economic Development based on the program criteria.

• The loan is interest-free and principal payment-free for up to five years, contingent on meeting agreed job and investment targets.
• Projects benefiting from the SR&ED program remain eligible for AMIS, with no impact on SR&ED eligibility or returns.
• Loan terms are negotiated individually for each recipient company.
• The decision process for most applications is completed within approximately 45 calendar days, though complex applications may require additional time.