OVIN — Electric Vehicle (EV) — Stream 1

This grant offers a structured co-investment framework to support the development and demonstration of electric vehicle technologies. The financing modalities are designed to maximize collaboration and commercialization potential.

• The program offers co-investment of up to $100,000 for approved projects.
• Funding must be matched by a minimum 2:1 contribution from applicants and/or private sector partners.
• The funding period extends over a maximum of 12 months.
• A total project budget can be up to $300,000, reflecting contributions from applicants and partners.

Eligibility for this grant is determined by specific criteria related to the applicant's business status and operational location.

• The applicant must be a Small or Medium Enterprise (SME) with fewer than 500 global, full-time employees.
• The applicant must have operations in Ontario and carry out the project in Ontario.

Who is eligible?

Who is not eligible

There are specific types of companies that are not eligible for this grant:

• Large enterprises with more than 500 global, full-time employees

Eligible expenses

This grant supports projects that focus on the development and demonstration of technologies in electric vehicles and battery manufacturing within targeted priority areas. The focus is on commercialization and demonstration of technologies, leveraging strategic partnerships for significant market opportunities.

• Technology proof-of-concept development for electric vehicles and batteries.
• Demonstration of newly developed technologies related to EVs.
• Validation and testing of products or services related to EV and battery technologies.
• Piloting of EV and battery-focused technologies to assess market readiness.

Eligible geographic areas

This grant is available to companies with operations in specific geographical areas as determined by the program guidelines. Eligible companies must be located in Ontario and carry out their projects within the region.

• Companies with operational presence in Ontario, Canada.

Evaluation and selection criteria are outlined to ensure that projects have strong commercial potential and meet the program's objectives of supporting Ontario-made technologies in the EV and battery sector.

• Alignment with Program Benefits: Projects must align with intended benefits of increased road safety, better road condition monitoring, and reduced environmental impact.
• Commercial Potential: High potential for commercialization and strong commercial pull.
• Technological Readiness: Projects should be at Technology Readiness Level 3-9.
• Collaboration: Close collaboration between the applicant and partners, demonstrating scalable outcomes.
• Competitive Advantage: Clear demonstration of a competitive advantage in the market.

Here are additional relevant details for this grant:

• The program is designed to enhance public-private partnerships and collaboration, with a strong emphasis on commercialization.
• Projects should be at Technology Readiness Level 3-9, indicating that they are beyond basic research and are in the demonstration or near-commercialization phase.
• The program stipulates that projects must show significant commercial potential and competitive advantage.
• Applicants and partners are expected to demonstrate scalable outcomes associated with high commercialization potential.
• Commercialization of Ontario-made technologies is a key objective, emphasizing the importance of local economic impact.