CME’s Technology Investment Program
ON, Canada
Assists Ontario manufacturers with technology investment grants
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateDecember 31, 2023
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- Federal Economic Development Agency for Southern Ontario (FedDev)
- Canadian Manufacturers & Exporters (CME)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
<p>The Technology Investment Program provides SME manufacturers in Southern Ontario with a matching contribution of up to $50,000 to support investments in long-term production assets and technology that increase capacity and reduce emissions. Eligible activities include the implementation of technologies such as robotics, artificial intelligence, and advanced networks to modernize manufacturing processes and improve competitiveness.</p>
grant_single_labels|terms_and_conditions
CME’s Technology Investment Program offers financial assistance to support long-term production assets and technology investments for manufacturers in Southern Ontario. The funding model is designed to encourage adoption of innovative technologies and efficient project management.
- Matching contribution of up to 50% of eligible costs, with a maximum of $50,000 per project.
- Eligible costs include capital equipment, materials, training on new equipment, installation of new equipment, professional service fees, and direct labour related to the project.
- Initial disbursement of 20% of the approved funding is released after signing the Contribution Agreement.
- Final payment is conditional upon submission and approval of all invoices, supporting documents, and a final report.
- Retroactive projects starting from April 1, 2022, may be eligible, provided they are completed by December 31, 2023.
- No extensions will be granted for expense claims and final reports, which must be submitted by January 15, 2024.
grant_single_labels|projects
The CME’s Technology Investment Program offers funding for projects that focus on implementing advanced technologies to enhance productivity and reduce emissions in manufacturing processes. These initiatives aim to provide long-term benefits through the adoption of industry-leading technologies.
- Investment in robotics to automate and optimize manufacturing operations.
- Integration of artificial intelligence and machine learning applications for predictive maintenance and process improvement.
- Deployment of advanced network technologies and the Internet of Things (IoT) to enhance connectivity and data management.
grant_single|admissibleProjectsExample
$ 50,000
Deploying an advanced network system to enhance connectivity in a healthcare facility
$ 50,000
Purchasing and installing automated packaging systems at a local winery
$ 50,000
Implementing AI-driven robotics for streamline manufacturing processes at a local facility
$ 50,000
Upgrading IoT infrastructure to improve data analytics in a local farming cooperative
$ 50,000
Installing smart HVAC systems to lower emissions in a downtown office building
$ 50,000
Integrating machine learning algorithms into existing production lines at a food processing plant
grant_single_labels|admissibility
To be eligible for the FedDev Technology Investment Program, companies must meet specific criteria related to their business operations and financial status.
- The company must be a manufacturer based in Southern Ontario per the census map.
- The company must be incorporated, either federally or provincially, for a minimum of 2 years continuously.
- The company must demonstrate financial stability.
- The company must have a workforce with a minimum of 15 and a maximum of 500 full-time employees (FTE) in Southern Ontario.
- The company should not be receiving other contributions toward the activities in the funding application from other government-funded programs, including University or College Funding programs, Export Funding programs, or other related government funding programs.
grant_eligibility_criteria|who_can_apply
The Technology Investment Program is specifically designed for manufacturers based in Southern Ontario seeking to invest in long-term production assets and technology that enhance productivity and reduce emissions.
- Technology investments that aim to improve and modernize the manufacturing process, leading to increased productivity and competitiveness.
- New additions that reduce environmental footprint.
- Commitment to develop export markets, or be part of the value supply chain, or potential to become a strong global player on a regional or global basis.
- Creation of long-term employment and high-value jobs.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions ensure funds are allocated to eligible and strategic sectors only.
- Non-manufacturing companies.
- Manufacturers located outside of Southern Ontario.
- Companies with fewer than 15 or more than 500 full-time employees in Southern Ontario.
- Businesses incorporated for less than 2 years.
- Companies receiving other government-funded program contributions for the same activities.
grant_eligibility_criteria|eligible_expenses
Eligible projects for this grant focus on technological advancements and environmental sustainability within the manufacturing sector. These initiatives aim at modernizing production processes, increasing efficiency, and reducing environmental impact.
- Investments in robotics to enhance manufacturing processes.
- Implementation of artificial intelligence and machine learning applications for smarter operations.
- Development of advanced networks and Internet of Things (IoT) technologies.
grant_eligibility_criteria|zone
This grant is available to manufacturers located in the Southern Ontario region, as determined by the census map. The focus is on supporting businesses within this geographical area to ensure regional economic development.
- Manufacturers based in Southern Ontario, Canada.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria to ensure alignment with the program’s objectives for improving and modernizing manufacturing processes.
- Technology investments that aim to improve and modernize the manufacturing process, leading to increased productivity and competitiveness.
- New additions that reduce environmental footprint.
- Commitment to develop export markets, or be part of the value supply chain, or potential to become a strong global player on a regional or global basis.
- Creation of long-term employment and high-value jobs.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Expression of Interest
- Complete the provided form to express your interest in the program as applications are currently closed due to demand.
- Submit the form to receive updates regarding the availability of funding.
- Step 2: Application Preparation
- Prepare detailed documentation outlining your business activities and project goals.
- Develop a comprehensive project plan with budget and timeline.
- Ensure your project aligns with the program’s objectives such as increasing productivity and reducing emissions.
- Gather supporting documents that demonstrate your company’s financial stability and employee count.
- Step 3: Application Submission
- Once applications reopen, submit the Technology Investment Program application form.
- Attach all required documents, including your detailed project proposal and budget.
- Submit through the designated CME portal or as directed in the application instructions.
- Step 4: Receive Confirmation and Await Decision
- Receive confirmation of application submission.
- Allow the review team up to 45 business days to assess your application.
- Step 5: Post-Approval Processes
- If approved, sign the Contribution Agreement to formalize funding terms.
- Receive an initial payment of 20% of the approved funding.
- Begin implementing the project as per agreed timelines.
grant_single_labels|otherInfo
The program is focused on technology investment to boost competitiveness and environmental sustainability within southern Ontario's manufacturing sector. Funding applications are processed on a first-come, first-served basis until the available funds are exhausted.
- Projects must be completed by December 31, 2023, and all reports and expense claims must be submitted by January 15, 2024.
- Only one project per company will be funded.
- Companies must not be receiving other contributions toward the activities in the funding application from other government-funded programs.
- Applications are reviewed within a 45-business day timeframe by CME and Industry Experts.
- 20% of the approved funding is released within 30 business days of signing the contract, with the final payment processed within 30-60 business days after project completion and approval.
grant_single_labels|contact
on.technologyinvestments@cme-mec.ca
647-633-7679
