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i.d.e.a. Fund - Ontario - Canada
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i.d.e.a. Fund

Funding and support for high potential businesses focusing on a sustainable and green recovery
TechAlliance
Innovation Factory
Last Update: March 4, 2026
Funding available
No Condition
Timeline
  • Open Date : March 28, 2023
  • Closing date : April 18, 2023
Location
Ontario, Canada

Overview

You can get a non-repayable grant and business advisory support to develop and/or redesign new green products, services, processes, and technologies to reduce their impact on the environment.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Reduce environmental footprint
Eligible Funding
  • No Condition
Timeline
  • Open Date : March 28, 2023
  • Closing date : April 18, 2023

Eligible candidates

Eligible Industries
  • Manufacturing
  • Professional, scientific and technical services
  • Administrative and support, waste management and remediation services
Location
  • Ontario
Legal structures
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Other Racialized Persons
  • Startups
  • Women

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

The i.d.e.a. Fund supports initiatives that contribute to a green economy through the development and redesign of products, services, processes, or technologies. The focus is on reducing environmental impact while fostering inclusion and diversity.

  • Development of new green products, services, processes, or technologies.
  • Redesign of existing products, services, processes, or technologies to minimize environmental impact.

Eligibility

Who is eligible?

Eligible companies for the i.d.e.a. Fund grant include those that meet specific criteria related to employee size, incorporation, location, and focus on sustainable and green recovery initiatives.

  • Fewer than 500 employees
  • Federally incorporated or incorporated in the Province of Ontario
  • Located in southern Ontario
  • Develop or redesign new products, services, processes, or technologies that focus on a sustainable and green recovery

Who is not eligible

Based on the provided information, there are specific companies that are not eligible for this grant. These restrictions are put in place to ensure that the grant supports new applicants each cohort and aligns with the goals of sustainable growth and inclusion.

  • Companies that were participants in Cohort 1 are not eligible to apply for Cohort 2.

Eligible expenses

This grant promotes the development and redesign of initiatives to enhance sustainability and reduce environmental impact in southern Ontario. Eligible projects aim at fostering green innovation and include a variety of eco-friendly products and technologies.

  • Development of new green products and services.
  • Redesigning existing products to reduce environmental impact.
  • Innovative processes aimed at sustainability.
  • Technological advancements for a green economy.

Eligible geographic areas

The eligible geographical area for companies applying for this grant is limited to southern Ontario. Only businesses located within this region are considered for funding opportunities under the i.d.e.a. Fund.

  • Southern Ontario, Canada

Additional information

Here are additional relevant details for this grant:

  • The program aims to support an inclusive recovery, targeting 50% of the companies supported to be led by women and at least 30% by members of other racialized and under-represented groups.
  • Cohort 1 participants are not eligible to apply for Cohort 2.
  • Successful applicants for Cohort 2 will be notified in May, and the list of recipients will be announced publicly in Summer 2023.
  • The program includes up to 40 hours of fully funded, targeted support from business leaders.
  • The i.d.e.a. Fund is delivered by six Ontario Regional Innovation Centres (RICs) to accelerate business growth as part of the transition to a green economy.
  • The program includes non-repayable seed funding of up to $30,000 with matching funds required.

Frequently Asked Questions about the i.d.e.a. Fund Program

Here are answers to the most common questions about the i.d.e.a. Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the i.d.e.a. Fund?

You can get a non-repayable grant and business advisory support to develop and/or redesign new green products, services, processes, and technologies to reduce their impact on the environment.

What is the deadline to apply?

The application deadline for this grant program was April 18, 2023.

Who is eligible for the i.d.e.a. Fund program?

To be eligible for the i.d.e.a. Fund program, you must: Fewer than 500 employees. Federally incorporated or incorporated in the Province of Ontario. Located in southern Ontario and focused on sustainable and green recovery initiatives.

What expenses are eligible under i.d.e.a. Fund?

The i.d.e.a. Fund supports initiatives that contribute to a green economy through the development and redesign of products, services, processes, or technologies. The focus is on reducing environmental impact while fostering inclusion and diversity. Development of new green products, services, processes, or technologies. Redesign of existing products, services, processes, or technologies to minimize environmental impact.

Where is the i.d.e.a. Fund available?

The i.d.e.a. Fund program is available the province of Ontario.

Who are the financial supporters of the i.d.e.a. Fund?

i.d.e.a. Fund is funded by TechAlliance, Innovation Factory

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