FedDev - Funding for southern Ontario
ON, Canada
Funding for businesses in southern Ontario by FedDev Ontario.
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateJune 24, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Professional, scientific and technical services
- Health care and social assistance
grant_single|grantors
- Federal Economic Development Agency for Southern Ontario (FEDDEV)
grant_single|status
grant_card_status|open
grant_card_status|closingSoon
grant_single_labels|preview
The FedDev Ontario grant program supports incorporated businesses in Southern Ontario by providing no-interest, repayable contributions ranging from $125,000 to $10 million per project. Eligible activities include developing, commercializing, or producing innovative products, processes, and services, improving productivity and competitiveness, and scaling up or expanding to develop new business opportunities. The program prioritizes projects focused on clean economic growth, business development, technological innovation, and industrial transition.
grant_single_labels|projects
This grant is managed by FedDev Ontario, indicating that eligible companies should be located in the Ontario region. There is no explicit mention of other eligible areas, so it can be inferred that the focus is on Ontario.
- Businesses operating within the Ontario region.
grant_single|admissibleProjectsExample
$2,500,000
Expanding production capacity for eco-friendly packaging solutions
$1,250,000
Developing a new AI software for predictive maintenance in manufacturing
$1,500,000
Enhancing digital infrastructure for remote work capabilities
$1,250,000
Launch of a new line of organic skincare products
$1,000,000
Developing a mobile app for mental health support
$2,000,000
Research and development of a novel renewable energy storage system
grant_single_labels|admissibility
Eligibility for this grant requires applicants to meet certain criteria that align with the goals of the program.
- The applicant must be an incorporated business.
- The project must involve developing, commercializing, or producing innovative products, processes, or services.
- The project should aim to improve productivity, capacity, and competitiveness.
- The project should focus on scaling up and expanding to develop new business opportunities, enter new markets, or reach new customers.
grant_eligibility_criteria|who_can_apply
Incorporated businesses that are seeking to develop, commercialize, or produce innovative products, processes, and services; improve productivity, capacity, and competitiveness; or scale-up to develop new business opportunities, enter new markets, or reach new customers are eligible to apply for this grant. Projects should align with the priorities of clean economic growth, growth companies, technology, and industrial transition, and may receive priority if they support zero-emission vehicles or housing manufacturing innovation.
grant_eligibility_criteria|eligible_expenses
FedDev Ontario supports projects that drive innovation and competitiveness in key areas, focusing on sustainable growth and technological advancement. Eligible activities aim to enhance productivity, market reach, and the adoption of new technologies.
- Development, commercialization, or production of innovative products, processes, and services.
- Enhancement of productivity, capacity, and competitiveness of businesses.
- Scaling up and expanding business operations to access new markets and customer bases.
- Projects supporting clean economic growth, such as those contributing to emissions reduction and creating green jobs.
- Initiatives focused on accelerating business growth and development.
- Projects involving cutting-edge technologies like artificial intelligence, cybersecurity, medical technologies, digital health, and agri-tech.
- Support for industrial transition by adopting new technologies and innovations in traditional sectors.
- Projects promoting the transition to zero-emission vehicles and innovative housing manufacturing.
grant_eligibility_criteria|zone
Eligible geographic zones for this grant are identified as southern Ontario. Businesses must be located or expanding within this region to qualify.
- Southern Ontario
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for this grant. Complete applications are reviewed and assessed based on various criteria, including alignment with intake priorities and expected results of the project.
- Alignment with intake priorities
- Expected results of the project
- Degree to which the project supports new or expanded initiatives for your company (i.e., incrementality of the project)
- Quality of the project plan and budget, including contributions of project partners and ability to repay
- Managerial, technical, operational, and financial capacity
- Degree of risk
- Compliance with applicable legislation and regulatory requirements
- Quality of IP strategies for IP-intensive projects
- Breadth, representation, and diversity of projects
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Express Interest
- Contact FedDev Ontario at info@feddevontario.gc.ca or 1-866-593-5505 to discuss your interest in applying and verify your eligibility.
- Step 2: Stay Informed
- Subscribe to FedDev Ontario newsletters and follow their social media channels for updates on the next intake period.
- Step 3: Prepare for Application
- Review detailed program information and assess if the funding opportunity aligns with your project objectives.
- Gather necessary documentation and information needed for the application process.
- Step 4: Application Intake Preparation
- Mark the upcoming intake periods in Fall 2024 and Winter 2025 on your calendar.
- Prepare your application materials in advance of the intake period opening.
Note that applications are not currently being accepted, so direct any immediate questions to FedDev Ontario via their contact details provided.
grant_single_labels|otherInfo
Projects are assessed based on multiple criteria, and applicants may only submit one application per intake period. Additionally, funding may have tax implications for your business.
- Projects are assessed based on alignment with intake priorities, expected results, and other criteria.
- Applicants can only submit one application per intake period.
- Financial assistance may have tax implications for your business; consult a qualified tax professional.
Apply to this program
Unlock Growth with FedDev Ontario’s Support
This grant offers no-interest, repayable contributions for innovative businesses aiming to scale-up, improve productivity, and reach new markets. It prioritizes projects with a focus on clean economic growth, technological advancement, industrial transition, and supporting underrepresented groups.
Explore the Possibilities with FedDev Ontario’s Grant Program
FedDev Ontario is dedicated to investing in the evolution of businesses by providing financial support tailored to fuel innovation and competitiveness. Their grant program is structured to assist incorporated businesses in commercializing innovative solutions and expanding their market reach within a fast-evolving economic landscape. By offering financial support ranging from $125,000 to $10 million, the program facilitates substantial developments for businesses aiming to enhance productivity and capacity.
The grant targets projects that align with critical priorities, including clean economic growth, where initiatives that reduce emissions and create sustainable, green jobs are highly encouraged. This fosters environmental responsibility while creating economic opportunities. Furthermore, projects that focus on growth companies, such as those accelerating business development or entering new markets, receive notable attention, as these initiatives contribute significantly to economic improvement and diversification.
With a keen emphasis on technology, the grant program supports businesses operating in cutting-edge sectors such as artificial intelligence, cybersecurity, medical technologies, and digital health. These technology-driven projects are pivotal in advancing Canada’s position in the global marketplace by promoting technological breakthroughs that address contemporary challenges.
Additionally, industrial transition projects are vital components of the grant focus. These projects enable traditional sectors to embrace new technologies to enhance their competitive edge, ensuring economic resilience and opening up new business opportunities. The transition to zero-emission vehicles and housing manufacturing innovation also represents an area where targeted support may apply, encouraging industrial sectors to pivot towards sustainable practices.
FedDev Ontario is also committed to inclusive growth, supporting initiatives that generate opportunities for underrepresented groups and ensuring that growth is distributed across both urban and rural communities. This equitable approach underlines the importance of diversity and regional balance in economic development, ensuring that different demographics and geographies benefit from economic advancement.
While applications are not currently accepted for this grant, businesses can prepare for upcoming intake periods. Prospective applicants are encouraged to engage with FedDev Ontario representatives to refine their ideas and express their intentions to apply during future intake periods in fall 2024 and winter 2025. This proactive engagement ensures that businesses are well-prepared to leverage the available support when the application windows open.
Ultimately, FedDev Ontario’s grant is more than just financial assistance; it is an opportunity for businesses to innovate, expand, and maximize their impact on various sectors of the economy, while aligning with environmental and social objectives. The program reflects a profound commitment to fostering a sustainable, technologically advanced, and inclusive economy in Canada.
