CME’s Technology Investment Program
ON, Canada
The Technology Investment Program provides up to $50,000 in matching contributions to SME manufacturers in Southern Ontario for long-term production assets and technology.
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- grant_single|maxCount
- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- Canadian Manufacturers & Exporters (CME)
- FedDev Ontario
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grant_card_status|closed
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The Technology Investment Program, funded by FedDev, provides matching contributions of up to $50,000 to support SME manufacturers in Southern Ontario. This grant aims to help businesses invest in long-term production assets and technologies, such as robotics, artificial intelligence, and IoT, that increase productivity and reduce emissions. Eligible activities include capital equipment purchase, installation, training on new equipment, and project-related professional service fees and direct labour.
grant_single_labels|projects
The grant provides funding for investments and implementation of long-term production assets and technology that increase capacity and reduce emissions on production.
- Robotics
- Artificial intelligence and other machine learning applications
- Advanced networks and the Internet of Things
grant_single|admissibleProjectsExample
$50,000
Toronto
Implementing AI-driven robotics for streamline manufacturing processes at a local facility.
$50,000
London
Upgrading IoT infrastructure to improve data analytics in a local farming cooperative.
$50,000
Ottawa
Installing smart HVAC systems to lower emissions in a downtown office building.
$50,000
Hamilton
Integrating machine learning algorithms into existing production lines at a food processing plant.
$50,000
Niagara Falls
Purchasing and installing automated packaging systems at a local winery.
$50,000
Mississauga
Deploying an advanced network system to enhance connectivity in a healthcare facility.
grant_single_labels|admissibility
To be eligible for this grant, companies must be based in Southern Ontario and meet specific criteria related to their business operations, financial stability, employee count, and more.
- Must be a manufacturer based in Southern Ontario per the census map.
- Must be an incorporated business (federally or provincially) for 2 years or more continuously.
- Must demonstrate financial stability.
- Must have a minimum of 15 employees and a maximum of 500 full-time employees (FTE) in Southern Ontario.
- Companies are not required to be a member of CME to be eligible.
- Not receiving other contributions toward the activities contained in the funding application from other government-funded programs.
grant_eligibility_criteria|who_can_apply
Eligible companies for this grant must be manufacturers based in Southern Ontario that meet specific criteria. The requirements include being an incorporated business, demonstrating financial stability, and having a specific range of full-time employees.
- Must be a manufacturer based in Southern Ontario per the census map
- Must be an incorporated business (federally or provincially) for 2 years or more continuously
- Must demonstrate financial stability
- Must have a minimum of 15 employees and a maximum of 500 full-time employees (FTE) in Southern Ontario
- Must not be receiving other contributions toward the activities contained in the funding application from other government funded programs
grant_eligibility_criteria|who_cannot_apply
Only manufacturing companies based in Southern Ontario are eligible for this grant. Additionally, there are specific criteria that must be met regarding the number of employees, financial stability, and types of eligible activities.
- Companies not based in Southern Ontario
- Companies that have not been incorporated for 2 years or more continuously
- Companies with fewer than 15 employees or more than 500 employees in Southern Ontario
- Companies receiving funding from other government-funded programs for the same project activities
grant_eligibility_criteria|eligible_expenses
The grant has several eligible expenses that can be covered, including project management, direct labour, training on new equipment, and capital equipment costs.
Here is a bullet point list of eligible expenses:
- Project Management/Consulting fees (excluding travel)
- Direct labour devoted to the completion and management of the project
- Direct materials related to the project
- Training on new equipment related to the project
- Capital Equipment
- Installation of capital equipment related to the project
grant_eligibility_criteria|zone
Eligible geographic zones for this grant are defined as Southern Ontario based on the census map.
- Southern Ontario
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for this grant. Applications will be evaluated based on technological advances, environmental impact, market potential, and job creation.
- 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
- Step 1: Companies must first complete a Technology Investment Program application form.
- Step 2: Submit a proposed budget with a detailed breakdown of costs. All service provider invoices must clearly outline the services provided.
- Step 3: CME will review the application and provide feedback on any missing documentation or where clarification is required.
- Step 4: Upon approval, a CME representative will provide a copy of the Contribution Agreement (contract).
- Step 5: CME will release 20% of the approved funding to the applicant within 30 business days of the date of the signed contract.
- Step 6: Complete the approved technology project and ensure all expenses have been paid in full.
- Step 7: Complete a final report and Expense Claim Form. Provide copies of all invoices, supporting documents, and a final report outlining the implementation of your approved technologies.
- Step 8: CME will review the final report and expense claim for final eligibility.
- Step 9: Final payments on approved projects will be processed within 30-60 business days of the approval date.
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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
Apply to this program
Technology Investment Program Summary
The Technology Investment Program provides up to $50,000 in matching contributions to SME manufacturers in Southern Ontario for investments that increase capacity and reduce emissions through advanced technologies. Eligible projects include investments in robotics, artificial intelligence, and the Internet of Things, with a focus on improving productivity and competitiveness.
Comprehensive Guide to the Technology Investment Program
The Technology Investment Program is a significant opportunity for small and medium-sized (SME) manufacturers in Southern Ontario to secure financial support for technology investments that enhance their productivity, environmental sustainability, and market competitiveness. This detailed guide will walk you through the intricacies of the program, eligibility requirements, application process, and other critical details you need to know.
Introduction to the Technology Investment Program
The Technology Investment Program, funded by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and administered by the Canadian Manufacturers & Exporters (CME), aims to bolster the manufacturing sector in Southern Ontario. The program offers a matching contribution of up to $50,000, covering up to 50% of eligible costs for investments in long-term production assets and advanced technologies. This program targets projects that increase production capacity, reduce environmental impact, and lead to the creation of high-value jobs.
Eligibility Criteria
To qualify for the Technology Investment Program, applicants must meet specific eligibility criteria:
- Be a manufacturing company based in Southern Ontario, as per the census map.
- Have been an incorporated business (federally or provincially) for at least two continuous years.
- Demonstrate financial stability.
- Employ a minimum of 15 and a maximum of 500 full-time employees (FTE) at the facility where the project will take place.
- Not receive other contributions toward the activities from other government-funded programs, including university or college funding, export funding, or other related government programs.
Additionally, the program defines eligible manufacturing activities as those that involve producing or supporting products and services related to manufacturing, processing, fabricating, or refining.
Eligible Activities and Costs
The program is focused on funding investments in long-term production assets and advanced technologies that can increase manufacturing capacity and reduce environmental emissions. Eligible technologies include:
- Robotics
- Artificial Intelligence and other machine learning applications
- Advanced networks and the Internet of Things
Eligible costs that the grant can cover include:
- Capital Equipment
- Direct materials related to the project
- Installation of capital equipment
- Training on new equipment related to the project
- Project Management/Consulting fees (excluding travel)
- Direct labour devoted to the completion and management of the project
However, it's important to note that ERP systems and general training costs are not covered under this program. Additionally, entertainment and meal costs are also considered ineligible.
Application Process
Applying for the Technology Investment Program involves several steps:
- Complete the Technology Investment Program application form, detailing your business activities, project objectives, budget, and expected benefits.
- Ensure that your investment project commenced after April 1, 2022, and that it will be fully implemented by December 31, 2023.
- Submit all necessary information and supporting documentation to CME.
Since funding is awarded on a first-come, first-served basis, it's crucial to submit your application as early as possible.
Selection Criteria and Review Process
Applications are evaluated based on several key criteria:
- Investment in technologies that improve and modernize the manufacturing process, leading to increased productivity and competitiveness.
- Commitments to reducing the environmental footprint.
- Potential for market expansion, either within export markets or becoming a significant player in the regional or global value supply chain.
- Creation of long-term employment and high-value jobs.
Each submitted application undergoes a thorough review by CME and industry experts. If additional information is required, applicants will be contacted for clarification, which may delay the response time. Generally, applications are reviewed within a 45-business day timeframe.
Approval and Reimbursement Process
Upon approval, applicants will be notified by a CME representative and will receive a Contribution Agreement (contract). Within 30 business days of signing the contract, 20% of the approved funding will be released to the applicant.
After the completion of the technology project and full payment of all related expenses, the applicant must submit a final report and an Expense Claim Form. This form should detail the budgeted expenses as per the original application, with explanations for any significant variations in actual expenses.
The final payment is contingent upon a thorough review of the final report and all supporting documents. If the approved expenses are less than initially proposed, the award amount will be adjusted accordingly. Final payments are processed within 30-60 business days of approval.
Important Deadlines
It's crucial to adhere to the following deadlines:
- All projects must begin after April 1, 2022 (retroactive projects) and be completed by December 31, 2023.
- All reports and expense claims for approved investments must be submitted by January 15, 2024. No extensions will be granted.
Conclusion
The Technology Investment Program offers a valuable opportunity for SME manufacturers in Southern Ontario to advance their production capabilities and contribute to environmental sustainability through significant technological investments. By meeting the eligibility criteria and adhering to the detailed application and reimbursement processes, businesses can capitalize on up to $50,000 in matching contributions to support their growth and innovation initiatives.
Contact Information
If you have any questions or need further assistance in the application process, you can contact the program administrators at:
Email: on.technologyinvestments@cme-mec.ca
Phone: 647-633-7679
We acknowledge the support of the Government of Canada through the Federal Economic Development Agency for Southern Ontario.
