How much funding can be received?

FedDev Ontario provides up to $10 million in non-repayable contributions to not-for-profit and community development organizations to foster innovation, entrepreneurship, and inclusive economic growth. Eligible projects include those promoting clean economic growth, technological advancements, and industrial transitions, with specific emphasis on artificial intelligence and homebuilding innovation for the fall 2024 intake.

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Non-repayable contributions ranging from $125,000 to $10 million per project.
Support is targeted towards not-for-profit and community development organizations.

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Creating a thriving innovation and entrepreneurship environment.
Fostering inclusive and sustainable economic growth.
Supporting new entrepreneurs through mentorship and training.
Transforming and diversifying local economies.
Supporting projects for clean economic growth to contribute to emissions reductions and create sustainable and green jobs.
Accelerating business development and growth of growth companies.
Developing projects in cutting-edge technology sectors.
Facilitating industrial transition in traditional sectors by adopting new technologies and innovations to enhance competitiveness.
Supporting automotive suppliers in the transition to Zero-Emission Vehicles (ZEV) and developing a ZEV supply chain.
Focusing on homebuilding innovation.
Implementing artificial intelligence solutions.

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$ 60,000

Implementation of a digital literacy program

$ 75,000

Development of a renewable energy solution

$ 50,000

Launch of a sustainable food production initiative

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The applicant must be a not-for-profit or community development organization.
The project must aim to create a thriving innovation and entrepreneurship environment, foster inclusive and sustainable economic growth, support new entrepreneurs through mentorship and training, or transform and diversify local economies.
The project should focus on one or more of the 2024 intake priorities: Clean economic growth, Growth companies, Technology, Industrial transition, or Automotive suppliers.

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Not-for-profit organizations supporting businesses and economic development.
Community development organizations fostering entrepreneurship and business growth.

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The fall 2024 intake includes two new dedicated programs focusing on homebuilding innovation and artificial intelligence.
It is encouraged to subscribe to email notifications to stay updated on the latest programs and opportunities offered by FedDev Ontario.
You can follow FedDev Ontario on various social media platforms such as LinkedIn, Facebook, X, and Instagram for updates and insights.
Applications must be submitted by December 20, 2024, for consideration in the fall intake.
FedDev Ontario encourages contacting them for discussions on interest in applying, or to address any questions about the application process.