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.
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
- FedDev Ontario
- Canadian Manufacturers & Exporters (CME)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
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
This grant is specifically for SME manufacturers located in Southern Ontario. Companies must be situated within the areas defined by the Southern Ontario Service Area.
- Southern Ontario, Canada
grant_single|admissibleProjectsExample
$50,000
Installing smart HVAC systems to lower emissions in a downtown office building
$50,000
Deploying an advanced network system to enhance connectivity in a healthcare facility
$50,000
Integrating machine learning algorithms into existing production lines at a food processing plant
$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
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
The grant covers specific expenses directly related to the implementation and success of the long-term production assets and technology project.
- Capital equipment related to the project.
- Direct materials related to the project.
- Training on new equipment related to the project.
- Installation of capital equipment related to the project.
- Professional service fees.
- Direct labour devoted to the completion and management of the project.
- Project Management/Consulting fees (excluding travel).
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
Apply to this program
Technology Investment Program for Southern Ontario Manufacturers
The Technology Investment Program offers crucial financial backing to small and medium-sized enterprises (SMEs) in southern Ontario. This funding opportunity assists manufacturers in incorporating cutting-edge technologies to boost productivity and reduce environmental impacts.
Detailed Insights Into the Technology Investment Program and Its Significance
The Technology Investment Program is meticulously crafted to support the growth and modernization of manufacturers in southern Ontario by facilitating investments in long-term production assets and advanced technologies. This program, supported by the Federal Economic Development Agency for Southern Ontario, offers a matching contribution of up to $50,000, covering up to 50% of eligible project costs. The funding encourages businesses to adopt innovations such as robotics, artificial intelligence, and the Internet of Things, which are essential for enhancing productivity and reducing emissions.
Aimed at bolstering the capabilities of SMEs, this program emphasizes projects that not only modernize processes but also bring about significant environmental and operational benefits. By incentivizing investments in automation and smart factory capabilities, the program helps manufacturers increase their competitive edge both locally and globally. Furthermore, these technological adoptions are pivotal in fostering a transition to more sustainable manufacturing practices, ultimately contributing to environmental conservation and compliance with regulations.
The eligibility for the program is well-defined, requiring companies to be engaged in manufacturing activities, located within southern Ontario, and have a workforce between 15 to 500 full-time employees. Eligible costs include capital expenses like equipment and installation, training on new machinery, and professional service fees, ensuring that manufacturers can smoothly transition to more advanced and efficient operations. The grant covers nearly half of the project costs, alleviating the financial burden on companies and allowing them to dedicate resources toward strategic expansions and technology updates.
Through this initiative, funded projects are expected to generate high-value employment opportunities, thereby contributing to the local economy. It also enables companies to prepare for international expansion by aligning them with global standards and competitiveness. The program's focus on nurturing long-term project sustainability ensures that once the initial funding phase is completed, manufacturers have the infrastructure and capability to thrive.
CME, which oversees the administration of the Technology Investment Program, ensures a fair and transparent application and review process. Applications are evaluated based on their potential to enhance productivity, lower environmental impact, and the ability to integrate into larger market frameworks. The intensive scrutiny also sets the stage for funding projects capable of having a lasting positive impact, thereby making the best use of the allocated resources.
In conclusion, the Technology Investment Program is a beacon for manufacturers aiming to revitalize their operational infrastructure with advanced technological solutions. By bridging the financial gap for technology upgrades, it facilitates an ecosystem where innovation flourishes, enabling southern Ontario's manufacturing sector to meet contemporary challenges and opportunities head-on. For SMEs in the region, this grant represents a strategic avenue to future-proof their businesses, driving both economic growth and environmental stewardship.
